loader2
Partner With Us NRI

Category

Others

Scheme Type

OPEN

Exit Load (%)

Min Inv

5,000.00

Incremental Inv

0.00

Open Date

Apr 19, 2021

Close Date

Apr 30, 2021

Nav Calculation

DAILY

Sub-category

Exchange Traded Funds (ETFs)

Risk Level

Very High

Fund Manager

Siddharth Srivastava

Repurchase/Redemption

Fund Objective

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the NYSE FANG+ Total Return Index, subject to tracking error and forex movement. The Scheme does not guarantee or assure any returns

Notes

The Mirae Asset NYSE FANG+ ETF will be managed passively with investments in stocks in a proportion that match as close as possible to the weights of these stocks in NYSE FANG+ Index. The NYSE FANG+ Index is an equal-dollar weighted Index designed to represent a segment of the technology and consumer discretionary sectors consisting of 10 highly-traded growth stocks of technology and tech-enabled companies such as Facebook, Apple, Amazon, Netflix, and Alphabet`s Google. The investment strategy of the Scheme will be to invest in a basket of securities forming part of NYSE FANG+ Index in similar weight proportion