Mirae Asset Hang Seng TECH ETF is an open-ended scheme replicating or tracking the Hang Seng TECH Index.
| Good to know
What is an exchange-traded fund (ETF)? Exchange traded funds are a type of securities tracking the performance of sectors, commodities or stock market indices. It can be traded on the exchanges just like a stock. Therefore, the price of an ETF changes all day, unlike a typical mutual fund, whose net asset value remains constant throughout the day. ETFs can contain many types of investments, including stocks, commodities and bonds. |
Investment objective
The primary investment objective of the fund is to provide the returns before the tracking error of expenses (corresponding with the performance of the Hang Seng TECH Total Return Index). However, the fund gives no assurance or guarantee for returns.
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Asset allocation
| Instrument | Allocation (%) | Risk profile | |
| Minimum | Maximum | ||
| Securities included in the Hang Seng TECH Index | 95 | 100 | High |
| Money market instruments / debt securities, Instruments and/or units of schemes of domestic Mutual Funds | 0 | 5 | Low to medium |
Scheme details
| Name | Mirae Asset Hang Seng TECH ETF |
| Type | (An open-ended scheme replicating/tracking Hang Seng TECH Total Return Index) |
| Category | Equity |
| Benchmark | Hang Seng TECH TRI (Total Return Index) (INR) |
| Entry/exit load | Entry: Nil
Exit load: For creation unit size: • No Exit load will be levied on redemptions made by authorized participants / large investors directly with the fund in creation unit size.For other than creation unit size: • Not applicable - The units of the scheme in other than creation unit size cannot ordinarily be directly redeemed with the fund. These units can be redeemed (sold) on a continuous basis on the exchange(s) where it is listed during the trading hours on all trading days. |
| Fund Manager | Mr. Siddharth Srivastava |
| Minimum application amount | ₹5000 and in multiples of ₹1 thereafter. |
| Expense ratio | Up to 1% |
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| This product is suitable for investors who are seeking*: | Riskometer |
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*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by Mirae Asset. To read the entire document, click here.
Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
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