Mirae Asset Global X Artificial Intelligence & Tec...
NAV as of Jun 28, 2024
17.53-0.07%
- Growth - Direct
(Earn upto 0.15% Extra Returns with Direct Plan)
Fund Category:
Equity: International
Expense Ratio:
0.25%(0.73% Category
average)Fund Size:
Rs. 319.61 Cr(0.78% of Investment in Category)
- Invest in NFOADD TO PORTFOLIO
Mirae Asset Global X Artificial Intelligence & Technolog...
NAV as of Jun 28, 2024
17.53-0.07%
Expense Ratio:
0.25%
Fund Size:
Rs. 319.61 Cr
Fund Category:
Equity: International
1. Current NAV: The Current Net Asset Value of the Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan as of Jun 28, 2024 is Rs 17.53 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 29.62% (1yr) and 36.39% (since launch). Whereas, Category returns for the same time duration are: 17.08% (1yr), 2.99% (3yr) and 9.01% (5yr).
3. Fund Size: The Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan currently holds Assets under Management worth of Rs 319.61 crore as on May 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.25% for Direct plan as on Jun 22, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 7.08 5.07 14.76 29.62 - - Category Avg 2.36 3.37 9.04 17.08 2.99 9.01 Rank within Category 9 22 17 15 - - No. of funds within Category 58 58 58 57 40 28 - Loading...
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Return Comparison
- This Fund
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Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth Fund Details
Investment Objective - The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Global X Artificial Intelligence & Technology ETF
Fund House | Mirae Asset Mutual Fund |
Launch Date | Sep 07, 2022 |
Benchmark | |
Return Since Launch | 36.39% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | JAN 2024 | DEC 2023 | |
---|---|---|---|---|---|---|
Number of Holdings | 1 | 1 | 1 | 1 | 1 | 1 |
Top 5 Company Holdings | 99.86% | 99.99% | 99.15% | 99.91% | 99.89% | 99.68% |
Top 10 Company Holdings | 99.86% | 99.99% | 99.15% | 99.91% | 99.89% | 99.68% |
Company with Highest Exposure | Global X Artificial Intelligence & Technology ETF (99.86%) | Global X Artificial Intelligence & Technology ETF (99.99%) | Global X Artificial Intelligence & Technology ETF (99.15%) | Global X Artificial Intelligence & Technology ETF (99.91%) | Global X Artificial Intelligence & Technology ETF (99.89%) | Global X Artificial Intelligence & Technology ETF (99.68%) |
Number of Sectors | - | - | - | - | - | - |
Top 3 Sector Holdings | - | - | - | - | - | - |
Top 5 Sector Holdings | - | - | - | - | - | - |
Sector with Highest Exposure | - | - | - | - | - | - |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Global X Artificial Intelligence & Technology ETF Financial 99.86 - - -
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth 17.53 Unrated 319.61 7.08 29.62 - - Nippon India Taiwan Equity Fund Direct - Growth 11.77 Unrated 401.77 8.13 32.37 - - DSP World Agriculture Direct Plan-Growth 18.29 Unrated 14.32 -1.70 -6.10 -9.74 2.10 ICICI Prudential Global Stable Equity Fund (FOF) Direct-Growth 25.83 Unrated 116.14 0.16 5.64 6.02 10.39 Kotak International REIT FOF Direct - Growth 9.18 Unrated 65.71 -1.62 1.24 -3.70 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Mirae Asset Mutual Fund News
Fund Manager
No Fund Manager for this fund
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Direct- Growth | 37,676.43 | 2.21 | 4.15 | 7.80 | 25.92 | 13.67 | |
Mirae Asset Large & Midcap Fund Direct-Growth | 33,711.38 | 1.76 | 7.52 | 13.13 | 39.89 | 18.49 | |
Mirae Asset ELSS Tax Saver Fund Direct-Growth | 21,301.58 | 2.10 | 6.94 | 12.11 | 36.12 | 17.52 | |
Mirae Asset Liquid Fund Direct- Growth | 12,302.59 | 0.60 | 1.84 | 3.61 | 7.29 | 5.42 | |
Mirae Asset Midcap Fund Direct - Growth | 8,753.87 | 0.28 | 7.94 | 13.08 | 47.57 | 23.96 | |
Mirae Asset Focused Fund Direct - Growth | 8,651.77 | 0.77 | 2.62 | 3.30 | 21.64 | 11.85 | |
Mirae Asset Aggressive Hybrid Fund Direct-Growth | 8,413.74 | 2.16 | 6.25 | 10.20 | 28.05 | 14.42 | |
Mirae Asset Great Consumer Fund Direct-Growth | 3,138.00 | 2.01 | 2.88 | 10.71 | 38.81 | 21.99 | |
Mirae Asset Multicap Fund Direct - Growth | 2,439.86 | 0.07 | 7.06 | 13.86 | - | - | |
Mirae Asset Healthcare Fund Direct - Growth | 2,218.12 | 0.73 | 14.72 | 19.97 | 58.06 | 20.00 |
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1. Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan is Open-ended International Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Sep 07, 2022.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Global X Artificial Intelligence & Technology ETF "
2. It is benchmarked against null.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.86% in equities, 0.0% in debts and 0.14% in cash & cash equivalents.
2. The top holding of the fund is Global X Artificial Intelligence & Technology ETF which constitute around 99.86% of the assets.
Tax Implications on Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth
1. If units are redeemed within 3 years of investment, the whole amount of gain will get added to the investor's income and will be taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering down one's capital gains which brings down the taxable income and thereby reduces taxes on it.
3. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
4. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth
- Is it safe to invest in Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan comes under Very High risk category.
- What is the category of Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan?Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan belongs to the Equity : International category of funds.
- How Long should I Invest in Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan?The suggested investment horizon of investing into Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan?The Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan is managed by.
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