Business News›Mutual Funds›Mirae Asset Mutual Fund › Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth
Mirae Asset Global X Artificial Intelligence & Tec...
Unrated
NAV as of Jan 13, 2025
19.340.10%
- Growth - Direct
(Earn upto 0.15% Extra Returns with Direct Plan)
Fund Category:
Equity: International
Expense Ratio:
0.25%(0.74% Category
average)Fund Size:
Rs. 325.74 Cr(0.70% of Investment in Category)
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Mirae Asset Global X Artificial Intelligence & Technolog...
Unrated
NAV as of Jan 13, 2025
19.340.10%
Expense Ratio:
0.25%
Fund Size:
Rs. 325.74 Cr
Fund Category:
Equity: International
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan as of Jan 13, 2025 is Rs 19.34 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 46.09% (1yr) and 33.44% (since launch). Whereas, Category returns for the same time duration are: 31.914429909925293% (1yr), 5.685141480112851% (3yr) and 10.286099452007887% (5yr).
3. Fund Size: The Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan currently holds Assets under Management worth of Rs 316.792 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.25% for Direct plan as on Sep 30, 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 99.
1. Current NAV: The Current Net Asset Value of the Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan as of Jan 13, 2025 is Rs 19.34 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 46.09% (1yr) and 33.44% (since launch). Whereas, Category returns for the same time duration are: 31.914429909925293% (1yr), 5.685141480112851% (3yr) and 10.286099452007887% (5yr).
3. Fund Size: The Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan currently holds Assets under Management worth of Rs 316.792 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.25% for Direct plan as on Sep 30, 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 99.
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 -3.54 2.86 6.83 27.96 - - Category Avg -3.31 -0.76 3.25 18.89 6.38 7.78 Rank within Category 38 17 13 13 - - No. of funds within Category 63 63 63 63 55 29 - Loading...
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Return Comparison
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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 | 32.36% |
| 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.) | 99.00 |
| Minimum Withdrawal (Rs.) | - |
| Exit Load | 0% |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| DEC 2024 | NOV 2024 | OCT 2024 | SEP 2024 | AUG 2024 | JUL 2024 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 0 | 0 | 0 | 1 | 1 | 1 |
| Top 5 Company Holdings | - | - | - | 99.64% | 99.88% | 99.78% |
| Top 10 Company Holdings | - | - | - | 99.64% | 99.88% | 99.78% |
| Company with Highest Exposure | -- | -- | -- | Global X Artificial Intelligence & Technology ETF (99.64%) | Global X Artificial Intelligence & Technology ETF (99.88%) | Global X Artificial Intelligence & Technology ETF (99.78%) |
| 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 Unclassified 99.64 - - -
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 19.34 Unrated 325.74 -3.54 27.96 - - Motilal Oswal Nasdaq 100 FOF Direct - Growth 40.95 Unrated 6,586.76 -4.19 40.96 18.88 25.00 Mirae Asset S&P 500 Top 50 ETF FoF Direct - Growth 20.51 Unrated 700.67 -1.84 62.23 23.49 - ICICI Prudential US Bluechip Equity Direct Plan-Growth 69.29 Unrated 3,228.15 -2.66 12.67 10.97 15.08 ICICI Prudential Global Advantage Fund (FOF) Direct - Growth 15.66 Unrated 322.85 -5.99 16.41 4.43 6.45
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 | 39,554.76 | -1.39 | -6.92 | 0.72 | 14.24 | 11.92 | |
| Mirae Asset Large & Midcap Fund Direct-Growth | 38,680.34 | -0.93 | -6.83 | -0.47 | 16.67 | 14.96 | |
| Mirae Asset ELSS Tax Saver Fund Direct-Growth | 25,315.16 | -1.01 | -5.93 | 1.49 | 18.35 | 15.57 | |
| Mirae Asset Midcap Fund Direct - Growth | 16,695.39 | 0.06 | -6.50 | 0.65 | 20.39 | 20.45 | |
| Mirae Asset Liquid Fund Direct- Growth | 15,672.78 | 0.60 | 1.78 | 3.60 | 7.46 | 6.50 | |
| Mirae Asset Aggressive Hybrid Fund Direct-Growth | 9,054.40 | -1.04 | -5.15 | 1.75 | 15.36 | 13.07 | |
| Mirae Asset Focused Fund Direct - Growth | 8,286.63 | -0.04 | -3.52 | 7.46 | 17.97 | 9.75 | |
| Mirae Asset Great Consumer Fund Direct-Growth | 4,156.07 | 0.04 | -10.16 | 3.33 | 19.83 | 20.67 | |
| Mirae Asset Multicap Fund Direct - Growth | 3,437.28 | -0.64 | -4.98 | 1.33 | 18.70 | - | |
| Mirae Asset Arbitrage Fund Direct - Growth | 3,061.15 | 0.74 | 2.00 | 3.82 | 8.29 | 7.01 |
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About Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth
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 99.64057943% in equities, 0.0% in debts and 0.35942056% in cash & cash equivalents.
2. The top holding of the fund is Global X Artificial Intelligence & Technology ETF which constitute around 99.64% 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.
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 99.64057943% in equities, 0.0% in debts and 0.35942056% in cash & cash equivalents.
2. The top holding of the fund is Global X Artificial Intelligence & Technology ETF which constitute around 99.64% 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.
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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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