Mirae Asset NYSE FANG and ETF Fund of Fund Regular Growth

Fund House: Mirae Asset Mutual Fund
Category: Fund of Funds-Overseas
Launch Date: 10-05-2021
Asset Class:
Benchmark: NYSE FANG+ TRI
TER: 0.43% As on (31-01-2024)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 1,265.34 Cr As on (31-01-2024)
Turn over: - | Exit Load: (i) If redeemed within 3 months from the date of allotment: 0.50% (ii) If redeemed after 3 months from the date of allotment: NIL

17.522

22.07%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
S&P BSE India Bond Index
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
There is no value for 2x
There is no value for 4x
There is no value for 5x
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset NYSE FANG+ ETF.

Current Asset Allocation (%)

Indicators

Standard Deviation
Sharpe Ratio
Alpha
Beta
Yield to Maturity -
Average Maturity -

PEER COMPARISON

Scheme Name Inception
Date
1 Year
Return(%)
2 Year
Return(%)
3 Year
Return(%)
5 Year
Return(%)
10 Year
Return(%)
Mirae Asset NYSE FANG and ETF Fund of Fund Regular Growth 10-05-2021 84.44 30.56 - - -
Edelweiss US Technology Equity Fund of Fund- Regular Plan- Growth 05-03-2020 56.99 19.14 7.48 - -
Kotak NASDAQ 100 Fund of Fund - Regular Plan - Growth 02-02-2021 48.77 20.24 15.95 - -
Invesco India - Invesco EQQQ Nasdaq-100 ETF Fund of Fund - Regular Plan - Growth 21-04-2022 48.71 - - - -
Aditya Birla Sun Life Nasdaq 100 FOF-Regular Growth 01-11-2021 48.16 19.05 - - -
Navi NASDAQ 100 Fund of Fund- Regular- Growth 05-03-2022 47.84 - - - -
Axis NASDAQ 100 Fund of Fund - Regular Plan - Growth 01-11-2022 46.65 - - - -
Motilal Oswal Nasdaq 100 Fund of Fund- Regular Plan Growth 05-11-2018 45.99 17.82 14.87 23.11 -
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund - Regular Plan - Growth 07-09-2022 44.14 - - - -
DSP Global Innovation Fund of Fund - Regular - Growth 14-02-2022 43.95 18.03 - - -

Scheme Characteristics

Minimum investment in the underlying fund - 95% of total assets.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Others

100.0%

Tax Benefits of investing in this fund

Capital gains will be deemed as short-term capital gains (STCG) for units acquired on or after April 1, 2023 and will be taxed at the applicable income tax slab rate**.

Income distribution cum capital withdrawal (IDCW) shall be taxable in the hands of investors and the mutual fund will deduct TDS @10% for resident investors and @20% (plus applicable surcharge and cess) for non-resident investors before payouts/re-investment. However, investors can claim tax-credit of TDS deducted at the time of filing their annual return.

** Capital gains on sale of units acquired on or before March 31, 2023 & redeemed on or after April 1, 2023 will be taxed as below:

Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months.

In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.

Short term capital gains (STCG) tax at the income tax slab rate if units are held for less than 36 months.

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