Indian investors will get benefit of weakness in rupee
Mutual Fund Investment Scheme: If you are planning to invest in this crisis time of Corona, then there is good news for you. You will get two new options to invest in Mutual Fund on Monday. Where you can earn big profits by investing less money.
Investment of at least 5000 rupees
Mirae Asset NYSE FANG + ETF is an open-ended scheme. It tracks the NYSE FANG + Total Return Index. Whereas, the second product is Mirae Asset NYSE FANG + ETF Fund of Fund open ended fund of fund scheme. It specifically invests in Mirae Asset NYSE FANG + ETF. The initial minimum investment in both schemes during NFO will be Rs 5000. Later one can invest as multiple of one rupee.
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Mirae Asset NYSE FANG + ETF will be managed by Siddharth Srivastava. While Mirae Asset Mirae Asset NYSE FANG + ETF Fund of Fund will be managed by 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.
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Know, the special features of this fund-
>> The NYSE FANG + Index is an equal weighted index designed to represent the technology and consumer discursive sector. There are growth stocks that are highly traded.
>> NYSE FANG + Index gives Indian investors exposure to global innovation leaders like Facebook, Amazon, Apple, Netflix, Alphabet (Google), Tesla, Twitter, etc. The total market capitalization of FANG + companies is $ 7.7 trillion.
>> These sectors and companies represent long term mega trends. They have the power to change economies, businesses and societies.
>> By investing in FANG + index, investors will get the benefit of weakness in Indian rupee.