Mirae Asset NYSE FANG+ ETF Fund of Fund NFO

Mirae Asset Mutual Fund has announced the launch of the Mirae Asset NYSE FANG+ ETF Fund of Fund. The scheme would be predominantly investing its assets in the units of its underlying ETF i.e. Mirae Asset NYSE FANG+ ETF.

The New Fund Offer (NFO) starts from 19th April 2021 and will end on 03rd May 2021. Units will be allotted on 10th May 2021 and the scheme will reopen for continuous sale and repurchase from 11th May 2021.

Investment Objective

The investment objective of the scheme is to generate long-term capital growth by investing its assets in units of its underlying ETF i.e. Mirae Asset NYSE FANG+ ETF.

Features

The fund will be investing a minimum of 95% of its assets in the underlying ETF.
The underlying ETF is Mirae Asset NYSE FANG + ETF.
The index is new as it was launched in 2017.
Since its inception, the index has moved from 2,000 points to 6,780+ points.
In the last 1 year, it has generated 119% of returns as of 7th April 2021.
The underlying index includes companies like Amazon, Facebook, Apple, Netflix, Alphabet Google, and other high-growth technology companies.

Why Invest in Mirae Asset NYSE FANG+ ETF Fund of Fund NFO?

The fund will invest in the units of the ETF of Mirae Asset NYSE FANG+ ETF.
The index is a focused and equal-weighted index that comprises stocks of high-growth technology and the internet or media industry.
It has a portfolio of companies that are accelerated to be a part of future technology disruptions.
Fund gives exposure to US markets at low cost as it is a passively managed fund.
The fund will benefit from the depreciation of domestic currency i.e INR.
The underlying index has generated better risk-adjusted returns than NASDAQ 100 and NIFTY 50 in the long run.

About NYSE FANG+ Index

It is an equal-weighted index that is designed to represent the consumer discretionary and technology segment.

Criteria

The initial universe for the portfolio will comprise stocks listed on a major US stock exchange.
Only the stocks with a market capitalization of at least USD$5 Billions will be selected for the portfolio.
Stocks representing the high growth technology and internet or media industry will be included in the index.
Stocks with a trailing daily traded volume of USD 50 million can be included in the index.

Top 10 Constituents - NYSE FANG+ Index

Stock	Weightage
Baidu	14.4%
Twitter	12.1%
Alphabet	11.0%
Netflix	9.4%
NVIDIA	9.3%
Apple	9.1%
Tesla	9.1%
Amazon	8.9%
Facebook	8.6%
Alibaba	8.3%

NYSE FANG+ Index - Sector Weightage

Sector	Weightage
Interactive Media & Services	46.1%
Internet & Direct Marketing Retail	17.1%
Entertainment	9.4%
Semiconductors & Semiconductor Equipment	9.3%
Technology Hardware, Storage & Peripherals	9.1%
Automobiles	9.1%

Who Should Invest?

This scheme is suitable for investors who are -

Interested in long-term capital growth and income.
Interested in investments in units of the Mirae Asset NYSE FANG+ ETF.
Recommended for investors with an investment horizon of 5 years & above.

Asset Allocation Pattern

Instruments	Minimum % of total assets (Indicative)	Maximum % of total assets (Indicative)	Risk Profile
Units of Underlying ETF i.e. Mirae Asset NYSE FANG+ ETF	95%	100%	High
Debt or Money Market instruments or units of debt, liquid or other mutual funds	0%	5%	Low to Moderate

About the Scheme

Name of the fund	Mirae Asset NYSE FANG+ ETF Fund of Fund
Fund launched by	Mirae Asset Mutual Fund
Asset Management Company	Mirae Asset Trustee Company Private Limited
Type of scheme	An open-ended fund of fund scheme primarily investing its assets in units of Mirae Asset NYSE FANG+ ETF
Investment Objective	The investment objective of the scheme is to generate long-term capital appreciation by investing its assets in the units of the underlying ETF i.e. Mirae Asset NYSE FANG+ ETF
Benchmark	NYSE FANG+ Index TRI (INR)
Entry Load	Not Applicable
Exit Load	-If units redeemed or switched out within 3 months - 0.5% of applicable NAV -If units are redeemed or switched out after 3 months - NIL
Taxation	Taxed as Non-Equity -If units are sold within 3 years, gains will be added to income and taxed as per the investor's tax slab -If units are sold after 3 years, gains are taxed with long-term capital gain tax @20% after indexation benefits
Minimum Application Amount	₹ 5,000 & in multiples of ₹ 1 thereafter
Minimum Additional Amount	₹ 1,000 & in multiples of ₹ 1 thereafter
STP & SWP	Available
Plans Available	Regular Direct
Options	Growth
Fund Managers	Ms. Ekta Gala

SIP Details

Type	Minimum Amount
Monthly SIP	₹5,000 & in multiples of ₹1 thereafter
Quarterly SIP	₹5,000 & in multiples of ₹1 thereafter

https://www.miraeassetmf.co.in/docs/default-source/sid/scheme-information-document_mirae-asset-nyse-fang-etf-fund-of-fund-(1).pdf?sfvrsn=7a46a411_2