Mirae Asset NYSE FANG+ETF FoF scheme details



Mirae Asset MF launches a new fund of fund offer on April 19, 2021. The name of the scheme is Mirae Asset NYSE FANG+ETF FoF. Besides, the Fund of Fund will close for subscription on 3rd May 2021. As of the SID, the units of the scheme will allot on 10th May 2021.

It is an open-ended FoF scheme that predominantly investing in Mirae Asset NYSE FANG+ ETF.

Furthermore, the scheme will re-open for continuous sale and repurchase of units from 11th May 2021. Mirae Asset’s new FoF may suitable for investors who look to produce long-term capital income.

Over the risk-o-meter predicts, the investors principal will at very high risk. Besides, the scheme remains available in the regular and direct plan along with growth option.

Basic Details of Fund of Fund:

 NFO Name  Mirae Asset NYSE FANG+ ETF FoF
 Subscription Period  April 19, 2021 – May 03, 2021
 NFO Type  Open-ended ETF FoF
 Benchmark NYSE FANG+ ETF Index
 Fund Manager  Ms. Ekta Gala

Nature of the Investment:

the scheme will predominantly invest in units of Mirae Asset NYSE FANG+ ETF, the portfolio of which shall mostly be based on stocks forming part of the NYSE FANG+ Index.

Further, the Mirae Asset Fund of Fund scheme offers the advantage of investing in Exchange Traded Funds through the Mutual Fund route.

Investment Objective:

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset NYSE FANG+ ETF. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment:

The minimum application amount should at Rs. 5,000 and in multiples of Re. 1 thereafter. Further, the minimum additional amount should at Rs. 1,000. Moreover, monthly and quarterly SIP amount remains Rs. 5,000 and in multiples of Re. 1 thereafter.

Asset Allocation Pattern:

 Instruments  Indicative Allocation ( % of total assets)  Risk Profile
 Minimum  Maximum
 Securities included in the NYSE FANG+ Index  95%  100%  High
 MMI/ Debt securities, Instruments and/or units of  debt/liquid schemes of domestic MF  0%  5%  Low to Medium

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Please read the offer document carefully and consult your investment adviser before investing.

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