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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
About
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 | 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
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Returns
Returns vs Benchmark
Compare the returns of this fund with
NIFTY 50
This ETF
Nifty 50
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Mirae AMC - MAFANG Price history
Day | Open | Close | Change % |
---|---|---|---|
Mon, Nov 4 2024 | ₹98.87 | ₹97.05 | |
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 | |
Tue, Oct 29 2024 | ₹97.51 | ₹97.79 | -0.29% |
Mon, Oct 28 2024 | ₹97.17 | ₹98.07 | |
Fri, Oct 25 2024 | ₹97.65 | ₹97.17 | |
Thu, Oct 24 2024 | ₹96.98 | ₹97.15 | -0.52% |
Composition
What's in fund
Name | Holdings |
---|---|
TSLATesla Inc | 11.80% |
NVDANVIDIA Corp | 10.32% |
AVGOBroadcom Inc | 10.28% |
METAMeta Platforms Inc Class A | 10.25% |
AAPLApple Inc | 10.17% |
CRWDCrowdStrike Holdings Inc Class A | 10.12% |
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