Mirae Asset S&P 500 Top 50 ETF Fund of Fund NFO
Mirae Asset Mutual Fund has announced the launch of the Mirae Asset S&P 500 Top 50 ETF Fund of Fund. The scheme would be predominantly investing its assets in units of Mirae Asset S&P 500 Top 50 ETF.
The New Fund Offer (NFO) starts on 01st September 2021 and will end on 15th September 2021. The scheme will open for continuous sale and repurchase from 23rd September 2021.
Investment Objective
The scheme’s investment objective is to generate long-term capital growth by predominantly investing its assets in units of Mirae Asset S&P 500 Top 50 ETF.
Features
- The fund will be investing a minimum of 95% of its assets in units of Mirae Asset S&P 500 Top 50 ETF.
- The underlying ETF consists of the top 50 mega-cap companies of the US.
- 20 companies of S&P 500 Top 50 Index are also a part of the world's most innovative companies of 2021.
- S&P 500 Top 50 index provides exposure to all sectors with lower volatility.
S&P 500 Top 50 Index - Most Innovative Companies
| Company | Sector | Company | Sector | |
| Procter & Gamble | Consumer Staples | Johnson & Johnson | Healthcare | |
| Coca-Cola | Pfizer | |||
| Pepsico | Abbott Laboratories | |||
| Walmart | Merck & Co | |||
| Walt Disney | Communication Services | Apple | Information Technology | |
| Comcast | Microsoft | |||
| Salesforce | ||||
| Alphabet | Cisco | |||
| Amazon | Consumer Discretionary | Oracle | ||
| Tesla | ||||
| Nike |
S&P 500 Top 50 Index - Past Returns
| 1 Year | 3 Years | 5 Years | 10 Years | |
| S&P 500 Top 50 Index | 33.6% | 24.2% | 21.7% | 22.6% |
| S&P 500 Index | 35.7% | 21.4% | 19.8% | 21.5% |
| Nifty 50 Index | 44.2% | 12.9% | 14.2% | 12.5% |
*As of 30th July 2021
Why invest in Mirae Asset S&P 500 Top 50 ETF Fund of Fund?
- The fund provides exposure to 50 bluest of the bluechip mega-cap companies.
- A portfolio that offers exposure to multiple sectors by capturing sector leaders.
- The fund gives exposure to the US with low cost and also benefits from INR depreciation.
- The underlying index has delivered better returns and risk-adjusted returns than NIFTY 50 and S&P 500.
Who Should Invest?
This scheme is suitable for investors who are -
- Interested in long-term capital growth.
- Investors who want to invest in the top 50 companies of S&P 500.
- 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) |
| Units of Mirae Asset S&P 500 Top 50 ETF | 95% | 100% |
| Money market instruments or debt securities | 0% | 5% |
About the Scheme
| Name of the fund | Mirae Asset S&P 500 Top 50 ETF Fund of Fund |
| Fund launched by | Mirae Asset Mutual Fund |
| Asset Management Company | Mirae Asset Investment Managers (India) Private Limited |
| Type of scheme | An open-ended fund of fund scheme investing its assets in units of Mirae Asset S&P 500 Top 50 ETF. |
| Investment Objective | The scheme’s investment objective is to generate long-term capital appreciation by predominantly investing its assets in units of Mirae Asset S&P 500 Top 50 ETF. |
| Benchmark | S&P 500 Top 50 Index TRI |
| Entry Load | Not Applicable |
| Exit Load | - Redemption of units within 3 months - 0.50% - Redemption of units 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 |
| Minimum SIP Amount | ₹ 5,000 & in multiples of ₹ 1 thereafter |
| STP & SWP | Available |
| Plans Available |
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| Options |
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| Fund Managers | Ms. Ekta Gala |