Mirae Asset NYSE FANG+ ETF: Your Gateway to Global Tech Innovation and High Growth

The Mirae Asset NYSE FANG+ ETF is a cutting-edge investment vehicle designed to give Indian investors exposure to some of the world’s most innovative and fast-growing technology and consumer companies. By tracking the NYSE FANG+ Index, this ETF simplifies international investing, making it easier to ride the wave of global tech growth.

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Key Facts About Mirae Asset NYSE FANG+ ETF

Feature	Details
Fund Manager	Mr. Siddharth Srivastava
Launch Date	May 6, 2021
Expense Ratio	0.66%
Benchmark Index	NYSE FANG+ Total Return Index (TRI)
Net Assets (AUM)	₹2,387.19 crore (as of October 2024)
Tracking Error	~0.05% (1-year tracking error)
NAV (Net Asset Value)	₹96.5286 per unit (as of October 31, 2024)
Top Holdings	International tech leaders like NVIDIA, Netflix, Apple, and Amazon

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What Is the NYSE FANG+ Index?

The NYSE FANG+ Index comprises 10 global giants from the technology and consumer sectors. Unlike traditional indices, it is equal-weighted, meaning every company has a similar impact on the overall performance. This structure balances exposure and reduces over-reliance on a single stock.

Top 10 Holdings (as of Oct 2024)	Portfolio Weight
NVIDIA Corp	11.08%
CrowdStrike Holdings Inc	10.52%
Netflix Inc	10.36%
Alphabet Inc (Google)	10.13%
Meta Platforms (Facebook)	9.98%
Broadcom Inc	9.94%
ServiceNow Inc	9.91%
Apple Inc	9.69%
Amazon Inc	9.46%
Microsoft Corp	8.92%

This combination ensures a diversified yet concentrated exposure to high-growth sectors.

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Performance Overview

The ETF has delivered impressive returns since its inception, outperforming many traditional benchmarks like the BSE Sensex.

Period	ETF Return	Benchmark Return	BSE Sensex Return
Last 1 Year	60.69%	62.00%	25.86%
Last 3 Years	18.49% (CAGR)	19.36%	11.59% (CAGR)
Since Inception	21.73% (CAGR)	22.40%	16.39% (CAGR)

Value of ₹10,000 Invested Since Inception:

ETF	Benchmark	BSE Sensex
₹19,863	₹20,247	₹16,985

Note: Returns for 1 year are absolute, and returns for 3 years and since inception are CAGR (Compounded Annual Growth Rate).

MIRAE ASSET NYSE FANG+ ETF

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Why Invest in Mirae Asset NYSE FANG+ ETF?

1. Global Exposure Made Easy Gain access to U.S. and international tech giants through a simple investment listed on NSE and BSE.
2. High Growth Potential The underlying companies are global leaders in sectors like cloud computing, artificial intelligence, e-commerce, and social media.
3. Diversified Portfolio Despite being tech-heavy, the ETF spreads risk across multiple companies and sectors.
4. Cost-Effective With an expense ratio of just 0.66%, this ETF provides global exposure at a fraction of the cost of direct international investing.
5. Hassle-Free Trading Buy and sell ETF units easily on Indian stock exchanges during market hours.

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How to Invest?

Investor Type	Minimum Investment Requirement	How to Invest?
Retail Investors	1 Unit (traded on NSE/BSE)	Buy via your broker using the NSE symbol MAFANG or BSE code 543291.
Large Investors	₹25 crore minimum for direct transactions with AMC	Apply through the fund house for large-scale investments.
Market Makers	2,00,000 units in creation size	Facilitate market liquidity by buying/selling in bulk.

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Expense Details

• Expense Ratio: 0.66%
• Tracking Error: ~0.05% (reflects minimal deviation from the benchmark)

These metrics make it a highly efficient choice for passive investors.

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Advantages of Mirae Asset NYSE FANG+ ETF

Advantage	Details
Equal Weighting	Balanced exposure to all 10 companies, reducing dependence on any one firm.
Global Diversification	Access to U.S. tech and consumer sectors without currency transfer hassles.
Ease of Trading	Trade on NSE/BSE just like any stock, no need for international accounts.
High Growth Sectors	Exposure to leading industries like AI, e-commerce, and cloud computing.

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Risks to Consider

1. Currency Fluctuations
   Returns are influenced by the INR-USD exchange rate. A stronger rupee could impact returns negatively.
2. Market Volatility
   The ETF is concentrated in tech stocks, which can experience significant price swings.
3. Geopolitical Risks
   Companies like Alibaba and Baidu may face regulatory or trade restrictions due to U.S.-China relations.

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Is It Right for You?

This ETF is perfect for:

• Tech Enthusiasts: Those who believe in the long-term growth of the tech industry.
• Diversified Investors: Individuals looking to reduce domestic portfolio concentration.
• Moderate to High Risk Takers: Willing to accept short-term volatility for long-term gains.

FAQs about Mirae Asset NYSE FANG+ ETF

1. What is the listing date of Mirae Asset NYSE FANG+ ETF?
The ETF was listed on May 6, 2021.

2. What is the current NAV of the Mirae Asset NYSE FANG+ ETF?
As of October 31, 2024, the NAV is ₹96.53 per unit.

3. Can I invest through Zerodha?
Yes, you can buy and sell this ETF on Zerodha using the NSE symbol MAFANG or BSE code 543291.

4. What is the Mirae Asset NYSE FANG+ ETF Fund of Fund (FOF)?
It’s a mutual fund that invests in the ETF, ideal for investors who prefer mutual funds over directly trading ETFs.

5. What is the expense ratio of this ETF?
The expense ratio is 0.66%, which is competitive for international ETFs.

6. How is the ETF priced?
The ETF’s share price is market-driven and updated in real-time on the NSE/BSE.

7. Is it a good investment for beginners?
Yes, it’s a great option for those looking to diversify into global tech stocks while staying within a familiar investment framework.

8. What’s the difference between the ETF and the Direct Growth FOF option?

• The ETF requires a demat account and is traded like a stock.
• The FOF allows mutual fund investments via SIP or lump-sum.

9. What is the top sectoral focus of this ETF?
The ETF is primarily concentrated in technology, consumer discretionary, and media sectors.

10. Is the Mirae Asset NYSE FANG+ ETF a mutual fund?
Yes, it is categorized as an ETF under the Mirae Asset mutual fund family.

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