The company’s first product in this is Mirae Asset NYSE FANG + ETF ‘. Explain that this is an open-ended scheme, which represents NYSE FANG + Total Return Index. At the same time, the second product is Mirae Asset NYSE FANG + ETF Fund of Fund. It is an open ended fund of fund scheme, which invests in Mirae Asset NYSE FANG + ETF. During NFO, you can start with just Rs 5000 in both these schemes. For the ETF, it will close on 30 April 2021.
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Top companies includedAccording to the Boston Consultancy Group, 7 out of 10 companies on the New York Stock Exchange, or NYSE FANG + Index, made it to the top 50 companies in 2020.
What is the specialty of the 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.
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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.