Mirae Asset: The initial minimum investment in both schemes during the NFO is Rs 5000. Through this, Indian investors can earn big money by investing in global innovation leaders like Facebook, Amazon, Apple, Netflix, Alphabet (Google), Tesla, Twitter.
Fund house Mirae Asset Investment Managers India has launched the country’s first FANG + based products. The first product is – Mirae Asset NYSE FANG + ETF ‘This is an open-ended scheme. Which shows or tracking the NYSE FANG + Total Return Index. Another product is Mirae Asset NYSE FANG + ETF Fund of Fund. It is an open ended fund of fund scheme, which mainly invests in Mirae Asset NYSE FANG + ETF.
Chance to invest money from April 19 to May 3
Subscriptions for both funds will open on 19 April 2021. Subscription to FANG + ETF will be closed on April 30, 2021. While the subscription of FANG + ETF Fund of Fund will be closed on 3 May 2021.
Mirae Asset NYSE FANG + ETF will be managed by Siddharth Srivastava while Mirae Asset Mirae Asset will manage NYSE FANG + ETF Fund of Funds 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.
Know all the important things related to the fund
(1) The NYSE FANG + Index is an equal weighted index index designed to represent the technology and consumer discourse sector. There are a lot of tradable stocks in it.
(2) NYSE FANG + Index gives Indian investors exposure to global innovation leaders like Facebook, Amazon, Apple, Netflix, Alphabet (Google), Tesla, Twitter, etc.
(3) These sectors and companies represent long term mega trends. They have the power to change economies, businesses and societies.
(4) According to the Boston Consultancy Group, seven out of ten companies on the New York Stock Exchange, or NYSE FANG + Index, made it to the top 50 companies in 2020. Four of these companies are constantly innovating. (These companies have been included in the list of top 50 companies more than ten times)
(5) The total market capitalization of FANG + companies is $ 7.7 trillion. Their revenue is three times the revenue of the Government of India for the financial year 2019-20. His cash holding is worth $ 500 billion, which is 85 percent of India’s total foreign exchange reserves. His net income is $ 179 billion, which is more than the total earnings of all Indian stocks.
(6) Investing in FANG + index will give investors the benefit of the depreciation of rupee to Indian investors.
(7) Swaroop Mohanty, CEO of Mirae Asset Investment Managers (India) Private Limited, said, “There are very few global companies in the world who do not just follow the future mega trends but also bring changes continuously with their investments.
These companies have not only changed the nature of our society, but they have also been providing good investment to their investors for many years.
Investors can become partners in the global growth story through the Mirae Asset FANG + ETF ‘, and the Mirae Asset NYSE FANG + ETF Fund of Funds. Along with this, they will also realize that they too are partners in this change of the world.
(8) Mire Asset NYSE FANG + ETF fund manager Siddharth Srivastava said, “Mire Asset NYSE FANG + ETF and Mire Asset NYSE FANG + ETF Fund of Fund focused on ten leading high growth technology companies in terms of multiple megatrends to investors and Will give equal weighted exposure option.
These companies are at the forefront of their respective fields and are changing people’s everyday lives with their innovation in the world in which we live. Investments through these two offerings can take exposure of the global market at a low cost and can be a part of the growth story of these companies. ”
(9) In the last five years, the NYSE FANG + index has outperformed the NASADQ 100 index and the NIFTY 50 index. It has given very good returns according to the risk profile.
