Mirae Asset NYSE FANG+ETF FoF
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.