Mirae Asset NYSE FANG+ETF FoF-Reg(G)
View the direct plan of this scheme
Rs 23.538 -0.258(-1.084 %) NAV as on 22 Apr 2025
Scheme Objective: The investment objective of the scheme is to provide long-term capital appreciation from a portfolioinvesting predominantly in units of Mirae Asset NYSE FANG+ ETF. There is no assurance that theinvestment objective of the Scheme will be realized.
Performance (As on 22 Apr 2025)
6 month returns | 1 year returns | 3 year returns | 5 year returns | Returns since inception | |
---|---|---|---|---|---|
Scheme | 17.83 % | 16.74 % | 36.95 % | N/A | 24.18 % |
NIFTY 500 | -3.20 % | 7.34 % | 14.02 % | 23.98 % | N/A |
Portfolio
FoF Overseas funds invest in mutual funds that are domiciled in other financial markets, such as the US, UK, other European countries and so on. Essentially, these funds invest in other international funds and therefore give domestic investors exposure to foreign stocks. Investments in such funds also involve currency risk. Care needs to be taken to both understand the drivers of international market and the underlying fundu2019s strategy. Though the asset class is equity, these funds are taxed like debt funds as tax laws provide equity taxation only to funds investing in domestic stocks.
These funds suit investors who want some diversification from Indian markets and who are willing to take the risk. They can also be used by investors who have expenses in the currency of the market being invested in.