![\Content\images\MF-Logo-img\28628.png](\Content\images\MF-Logo-img\28628.png)
Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G)
FoFs Overseas
- NAV 16.97 (0.13%)
- Fund Size (Cr) ₹317.83
- Expense Ratio 0.26
- Scheme Type Active Fund
-
Value Research
- Minimum investment ₹5000
- Minimum Additional Investment ₹1000
- Minimum SIP Investment ₹500
- Minimum Withdrawal ₹0
-
Exit Load
1%
- Return Since Launch 30.30%
Basic Details
Siddharth Srivastava
Indxx Artificial Intelligence & Big Data Index (TRI) (INR)
OPEN
Lumpsum Returns
Note: Lumpsum Returns since Inception Date.
SIP Returns
Note: SIP Returns since Inception Date.
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
Mutual Funds Calculator
-
Investment Type
-
Monthly Investment
₹ -
Expected Returns Rate
% -
Time Period
yrs
Total of your Investment will be
₹ 0
Returns
-
Invested Amount
0
-
Estimated Returns
0
-
Select Scheme
-
Investment Type
-
Monthly Investment
₹ -
Time Period
Total of your Investment will be
₹ 0
Returns
-
Invested Amount
0
-
Estimated Returns
0
Risk Ratios
-
Standard Deviation
5.98% -
Beta
0.75% -
Sharpe Ratio
1.29% -
Treynor’s Ratio
0.27% -
Jension’s Alpha
17.54%
Asset Allocation
There is no Asset Allocation data.
Sector Allocation
There is no Sector Allocation data.
Top 10 stock holding in portfolio
Peer Comparison
News
-
Mirae Asset MF launches Mirae Asset Nifty500 Multicap 50:25:25 ETF
Mirae Asset Investment Managers (India) launches India's first Multicap Exchange Traded Fund, 'Mirae Asset Nifty500 Multicap 50:25:25 ETF', an open-ended scheme replicating/tracking Nifty500 Multicap 50:25:25 Total Return Index.
The new fund offer for the scheme opened on 12 August 2024, and it closes on 26 August 2024. The fund managers are Ekta Gala and Vishal Singh. The minimum investment during NFO should be Rs 5,000 and in multiples of Re 1 thereafter.
As of 30 June 2024, 25 actively managed mutual fund schemes with an AUM of Rs 1,54,024.90 crore are benchmarked against Nifty500 Multicap 50:25:25 Index.
The index covers 92.1% of the free-float market cap of listed companies on the NSE, providing extensive market exposure. It comprises of 100 large-cap stocks, 150 mid-cap stocks and 250 small-cap stocks with 50% weightage towards large cap and 25% each towards midcap and small cap stocks offering a well-rounded investment approach.
By including companies across different market capitalizations, the index offers diversified exposure to various sectors and industries. The mix of large, mid, and small-cap stocks combines growth potential with portfolio stability, making it suitable for a balanced investment strategy.
This new fund aims to generate returns that closely mirror the Nifty500 Multicap 50:25:25 Total Return index. With this new fund, Mirae Asset Mutual Fund aims to provide investors with a diversified investment approach with balanced exposure across various market capitalizations.
Siddharth Srivastava, Head ' ETF Products and Fund Manager, Mirae Asset Investment Managers (India), said, The Mirae Asset Nifty500 Multicap 50:25:25 ETF is a strategic addition to our existing product portfolio. This scheme offers a unique investment opportunity by providing balanced exposure to the entire universe of large, mid and small-cap stocks where portfolio weight towards each market segment is predefined in a manner to provide investors the stability of large cap along with growth opportunities with reasonable exposure towards mid and small caps. Hence, the fund is designed to capture the growth potential of a broad market spectrum while aiming to minimize the risk. We believe this ETF could be an excellent addition for investors seeking a well-rounded investment strategy.
This new fund provides investors a transparent, low cost (compared to actively managed schemes) and method driven approach for multi cap investing which aims for effective allocation across market cap segments, which will be targeted by this index via quarterly rebalancing in order provide the specified exposure. This disciplined approach aims to deliver consistent performance over the long term.
Powered by Capital Market - Live News
-
Mirae Asset MF announces Income Distribution cum Capital Withdrawal (IDCW) under one scheme
Mirae Asset Mutual Fund has announced 06 August 2024 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) on the face value of Rs 10 per unit under the following schemes:
Mirae Asset Equity Savings Fund - Regular Plan ' IDCW Option: Rs 0.25 per unit.
Mirae Asset Equity Savings Fund - Direct Plan ' IDCW Option: Rs 0.27 per unit.
Powered by Capital Market - Live News
-
Mirae Asset Mutual Fund announced Withdrawal of the existing temporary suspension on subscription
Mirae Asset Mutual Fund has announced the Withdrawal of the existing temporary suspension on subscription through Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), Switch-ins & Lumpsum in Mirae Asset Large and Midcap Fund
Powered by Capital Market - Live News
Fund House Details & Investment Objective
-
Date of Incorporation 16-Aug-2022
-
Total AUM (Cr) ₹317.83
Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G) is an FoFs Overseas-oriented fund from the renowned AMC, Mirae Asset Mutual Fund. Launched in Aug 2022, this fund is managed by Siddharth Srivastava. With assets under management (AUM) worth ₹317.83 (Cr), as of 05-Sep-2024, Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G) is categorized as a FoFs Overseas within its segment. The fund has generated a return of 30.30% since its launch.
The current NAV of Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G) is ₹16.97, as on 05-Sep-2024. The fund’s benchmark index is Indxx Artificial Intelligence & Big Data Index (TRI) (INR). You can invest in Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
If redeemed within 1 year (365 days) from the date of allotment: 1% If redeemed after 1 year (365 days) from the date of allotment: Nil
The fund has generated - and - CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments , 0.54% in Debt and 99.46% in cash and cash equivalents
FAQs on Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G)
Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G) is a popular fund in the FoFs Overseas segment. The fund has generated a return of 30.30% since inception. Looking to invest in Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G) today and reap the benefits of this FoFs Overseas fund!
In the short term, i.e., 1 year, Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G) has generated annualised return of 20.53%. In the long-term, the fund has generated - and - in 3 and 5 years respectively. Since its inception, the fund has generated 30.30% returns.
The expense ratio of Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G) Direct Growth is 0.26%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.
The Assets Under Management (AUM) of Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G) is ₹317.83 (Cr) as of 05 September 2024. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Yes, you can invest both lumpsum and SIP in Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G). Minimum lumpsum investment Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G) is ₹5000 and minimum SIP amount is ₹500. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.
The latest NAV (Net Asset Value) of Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G) is ₹16.97 as on 05 September 2024.
The 5 biggest stock holdings of Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir (G) are:
TREPS (0.54%), Net CA & Others (-0.33%), Global X Artificial Intelligence & Technology ETF (99.78%)
Power your investments with our smart trading platforms
![mobilefooterimg](/Content/images/homepage/mobilefooterimg.webp)