stock logo

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

Please wait...
etf-price-point
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
  • Returns
  • Composition
  • More

Fund overview

About
arrow
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

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

arrow
Tracking index
NYSE FANG+

Expense Ratio

0.66%
Tracking error
0.54%

Learn more

Investment checklist: (2/6)
arrow
check status

Liquidity

check status

Fund size

check status

Expense Ratio

check status

Tracking error

check status

Returns vs FD Rates

check status

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
arrow
  • ETF returns
  • Rolling returns
Compare the returns of this fund with
NIFTY 50
arrow

This ETF

Nifty 50

Please wait...

Learn more

Mirae AMC - MAFANG Shareholder returns

arrow
1 day
+0.22%
1 week
+1.41%
1 month
+15.82%
3 months
+14.95%
1 year
+60.61%
3 years
+84.62%
5 years
+121.15%

Mirae AMC - MAFANG Price history

arrow
DayOpenCloseChange %
Fri, Nov 22 2024
₹112.26
₹110.31
+0.22%
Thu, Nov 21 2024
₹108.50
₹110.07
+1.51%
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
+2.26%
Wed, Nov 13 2024
₹113.99
₹108.78
-4.47%
Tue, Nov 12 2024
₹112.34
₹113.87
+1.36%
Mon, Nov 11 2024
₹104.91
₹112.34
+7.09%

Frequently asked questions

What is the Mirae AMC - MAFANG share price today?

chevron-up
Mirae AMC - MAFANG share price is ₹ 110.31 today.

What is today’s high & low share price of Mirae AMC - MAFANG?

chevron-up
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?

chevron-up
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?

chevron-up
52 Week share High Price is ₹ 119.00 and Low Price is ₹ 67.10

What is the Mirae AMC - MAFANG Stock Symbol?

chevron-up
The Mirae AMC - MAFANG Stock symbol is MAFANG.

Can I buy Mirae AMC - MAFANG shares on Holidays?

chevron-up
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.