Mutual Funds: If you are currently looking for a new option for mutual fund investment, then next week on April 19, you have the opportunity to invest in 2 new options. Fund house Mirae Asset has launched two passive NYSE FANG + funds for the first time in India. These are Mirae Asset NYSE FANG + ETF (ETF) and Mirae Asset NYSE FANG + ETF Fund of Fund. The new fund offer i.e. NFO of both will open on April 19. For the ETF, it will close on 30 April 2021. It will close on 3 May 2021 for the Fund of Funds.
Investment of at least 5000 rupees
Mirae Asset NYSE FANG + ETF is an open-ended scheme that reflects or is tracking the NYSE FANG + Total Return Index. While the second product is Mirae Asset NYSE FANG + ETF Fund of Fund, an open-ended fund of fund scheme, which primarily invests in Mirae Asset NYSE FANG + ETF. During NFO, the initial minimum investment in both schemes will be Rs 5000 and later one can be invested as multiple of one rupee.
Key points
- The NYSE FANG + Index is an equal weighted index index designed to represent the technology and consumer discursive sectors. There are growth stocks that are highly traded.
- The NYSE FANG + Index gives Indian investors exposure to global innovation leaders such as Facebook, Amazon, Apple, Netflix, Alphabet (Google), Tesla, Twitter, etc.
- These sectors and companies reflect the long term mega trend. They have the power to change economies, businesses and societies. According to the Boston Consultancy Group, seven out of ten companies on the New York Stock Exchange, or NYSE FANG + Index, have made it to the top 50 companies in 2020. Four of these companies are constantly innovating. (These companies have been included in the list of top 50 companies more than ten times.)
- The total market capitalization of FANG + companies is $ 7.7 trillion. Their revenue is three times the revenue of the Government of India for the financial year 2019-20. His cash holding is worth $ 500 billion, which is 85 percent of India’s total foreign exchange reserves. His net income is $ 179 billion, which is more than the total earnings of all Indian stocks.
- Investors in the FANG + index will benefit Indian investors from the weakness in the rupee.
- In the last five years, the NYSE FANG + index has outperformed the NASADQ 100 index and the NIFTY 50 index. It has given very good returns according to the risk profile.
Management
Mirae Asset NYSE FANG + ETF will be managed by Siddharth Shrivastava while Mirae Asset Mirae Asset will manage NYSE FANG + ETF Fund of Funds Ekta Gala. Mirae Asset NYSE FANG + ETF Fund of Fund will also offer investors the option of Regular Plan and Direct Plan with Growth Plan.
Swaroop Mohanty, CEO of Mirae Asset Investment Managers (India) Private Limited, said that there are very few global companies in the world, who do not just follow the future mega trends but also bring changes continuously with their investments. These companies have not only changed the nature of our society, but they have also been providing good investment to their investors for many years. Investors can participate in the global growth story through the Mirae Asset FANG + ETF and the Mirae Asset NYSE FANG + ETF Fund of Funds. Along with this, they will also realize that they too are partners in this change of the world.
Siddharth Srivastava, fund manager of Mirae Asset NYSE FANG + ETF said that Mirae Asset NYSE FANG + ETF and Mirae Asset NYSE FANG + ETF Fund of Fund investors are concentrated and equated among the ten high growth technology companies on the forefront in terms of multiple megatrends. weighted) will give the option of exposure. These companies are at the forefront of their respective fields and are changing people’s everyday lives with their innovation in the world in which we live. Through these two offerings, investments can take exposure of the global market at a low cost and can become a part of the growth story of these companies.
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