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Mirae AMC - MAFANG ETF

MAFANG

₹97.00-₹0.05 (-0.05%) TodayLast updated on 05 Nov, 2024 | 15:57 IST

Mirae AMC - MAFANG ETF Chart

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  • Fund overview
  • Returns
  • Composition
  • More

Fund overview

About
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Open
₹96.06
Close
₹97.05
Volume
3,68,518
Avg. traded
₹97.06
Circuit range
₹77.64 - ₹116.46
Day range
₹96.06 - ₹97.88
Year range
₹62.44 - ₹102.75
AUM
₹2,368.92 Cr

Managers

Ekta Gala, +1 more
Launch Date
14 Apr 2021
Mirae AMC - MAFANG

About Mirae Asset NYSE FANG+ ETF

  • Mirae Asset NYSE FANG+ ETF is an open-ended scheme belonging to Mirae Asset Mutual Fund House. It comes under the category of an Exchange Traded Fund (ETF).
  • The Mumbai-registered Mirae Asset Global Investment Managers (India) Private Limited is the controlling company. Mirae Asset Trustee Company Private Limited is the trustee while Siddharth Srivastava is the fund manager.
  • The scheme was launched on May 6, 2021. The ETF is listed on the NSE and BSE.
  • Mirae Asset NYSE FANG+ ETF tracks NYSE FANG+ TRI and tries to ensure the ups and downs of the index is reflected to the extent possible in the fund values.
  • Since its inception, the scheme has given Compounded Annualised Growth Return (CAGR) of 20.03% as of May 31, 2024.
  • The ETF has seen 44.36% CAGR in the last one year and 20.86% in the last three years.
  • The ETF’s net asset value (NAV) stood at ₹100.53 per unit on the NSE as of July 16, 2024. Its market capitalisation stood at ₹2,540.43 crore.
  • The Assets Under Management (AUM) of Mirae Asset NYSE FANG+ ETF stood at ₹2,142.95 crore as of May 31, 2024.
  • As on July 11, 2024, the scheme’s one-year tracking error stood at 0.05%.

Investment Objective and Benchmark

  • The scheme aims to “generate returns, before expenses, that are commensurate with the performance of the NYSE FANG+ Total Return Index, subject to tracking error and foreign exchange variations”.
  • FANG+ refers to highly-traded technology-driven growth stocks Facebook, Apple, Amazon, Netflix, and Alphabet’s Google on the NYSE.
  • The fund follows more or less a growth-oriented style of investing.
  • The Mirae Asset NYSE FANG+ ETF comprises high-growth US Big Tech companies that are global leaders in sectors like Artificial Intelligence (AI), online advertising, e-commerce, digital streaming, software development, social networking, cutting-edge electronics and communication gadgets, among others.
  • The weightage given to every company in the fund conforms to its position in the NYSE FANG+ Total Return Index (TRI).

Asset Allocation & Portfolio Composition

  • The asset allocation of the fund comprises around 95%-100% in equities and 0-5% in money market instruments/debt securities, instruments and/or units of schemes of domestic mutual funds.
  • As of May 31, 2024, the top 10 equity holdings in the ETF comprised around 99.96% of its assets.

Mirae Asset NYSE FANG+ ETF top 10 holdings:

  • Nvidia Corp: 12.09%
  • Netflix Inc: 11.11%
  • Meta Platforms Registered Shares: 11.01%
  • Broadcom Inc: 10.23%
  • Microsoft Corp: 10.07%
  • Alphabet Inc: 9.99%
  • Amazon: 9.89%
  • Snowflake Inc: 9.41%
  • Apple Inc: 8.80%
  • Tesla Inc: 7.40%

Key indicators

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Tracking index
NYSE FANG+

Expense Ratio

0.66%
Tracking error
0.54%

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Investment checklist: (2/6)
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Liquidity

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Fund size

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Expense Ratio

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Tracking error

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Returns vs FD Rates

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Entry Point

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Returns

Returns vs Benchmark
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  • ETF returns
  • Rolling returns
Compare the returns of this fund with
NIFTY 50
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This ETF

Nifty 50

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Mirae AMC - MAFANG Shareholder returns

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1 day
+0.19%
1 week
-1.04%
1 month
+3.18%
3 months
+1.05%
1 year
+56.10%
3 years
+61.99%
5 years
+94.57%

Mirae AMC - MAFANG Price history

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DayOpenCloseChange %
Mon, Nov 4 2024
₹98.87
₹97.05
+0.19%
Fri, Nov 1 2024
₹98.00
₹96.87
-1.36%
Thu, Oct 31 2024
₹98.95
₹98.21
-0.84%
Wed, Oct 30 2024
₹99.02
₹99.04
+1.28%
Tue, Oct 29 2024
₹97.51
₹97.79
-0.29%
Mon, Oct 28 2024
₹97.17
₹98.07
+0.93%
Fri, Oct 25 2024
₹97.65
₹97.17
+0.02%
Thu, Oct 24 2024
₹96.98
₹97.15
-0.52%

Composition

Frequently asked questions