Mirae AMC - MAFANG ETF
MAFANG
₹110.31+₹0.24 (0.22%) TodayLast updated on 22 Nov, 2024 | 15:53 IST
Mirae AMC - MAFANG ETF Chart
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ETF is trading at a premiumMarket price ₹110.31 is higher than iNAV ₹103.47
👎 Be cautious, the ETF is expensive right now
Fund overview
About
Open ₹112.26 | Close ₹110.07 | Volume 4,48,379 | Avg. traded ₹110.48 |
Circuit range ₹82.73 - ₹124.10 | Day range ₹109.12 - ₹112.89 | Year range ₹67.10 - ₹119.00 | |
AUM ₹2,387.19 Cr | ManagersEkta 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
Tracking index NYSE FANG+ |
Expense Ratio0.66% |
Tracking error 0.54% |
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Investment checklist: (2/6)
Liquidity
Fund size
Expense Ratio
Tracking error
Returns vs FD Rates
Entry Point
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily
Returns
Returns vs Benchmark
Compare the returns of this fund with
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Mirae AMC - MAFANG Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Nov 22 2024 | ₹112.26 | ₹110.31 | |
Thu, Nov 21 2024 | ₹108.50 | ₹110.07 | |
Tue, Nov 19 2024 | ₹110.24 | ₹108.43 | -1.65% |
Mon, Nov 18 2024 | ₹111.11 | ₹110.25 | -0.89% |
Thu, Nov 14 2024 | ₹109.01 | ₹111.24 | |
Wed, Nov 13 2024 | ₹113.99 | ₹108.78 | -4.47% |
Tue, Nov 12 2024 | ₹112.34 | ₹113.87 | |
Mon, Nov 11 2024 | ₹104.91 | ₹112.34 |
Composition
What's in fund
Name | Holdings |
---|---|
NVDANVIDIA Corp | 11.08% |
CRWDCrowdStrike Holdings Inc Class A | 10.52% |
NFLXNetflix Inc | 10.36% |
GOOGLAlphabet Inc Class A | 10.13% |
METAMeta Platforms Inc Class A | 9.98% |
AVGOBroadcom Inc | 9.94% |
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Frequently asked questions
What is the Mirae AMC - MAFANG share price today?
Mirae AMC - MAFANG share price is ₹ 110.31 today.
What is today’s high & low share price of Mirae AMC - MAFANG?
Mirae AMC - MAFANG share price high: ₹ 112.89 and low: ₹ 109.12
What is Assets Under Management (AUM) of Mirae AMC - MAFANG shares today on the NSE?
Mirae AMC - MAFANG Assets Under Management (AUM) of ₹ 2,387.19 Crores.
What is the Mirae AMC - MAFANG share price high and low in the last 52 weeks on the NSE?
52 Week share High Price is ₹ 119.00 and Low Price is ₹ 67.10
What is the Mirae AMC - MAFANG Stock Symbol?
The Mirae AMC - MAFANG Stock symbol is MAFANG.
Can I buy Mirae AMC - MAFANG shares on Holidays?
No, shares of Mirae AMC - MAFANG or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell Mirae AMC - MAFANG shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.