Mirae Asset Global X ETF FoF: Growth, Returns & Risk Profile
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth is an international mutual fund scheme from Mirae Asset Mutual Fund. It has been in existence for 1 year and 9 months, having been launched on August 16, 2022. The fund has assets under management (AUM) of ₹320 Crores as of March 31, 2024, making it a medium-sized fund in its category. The expense ratio of the fund is 0.24%, which is lower than the average expense ratio charged by other international funds.
The fund has delivered average annual returns of 36.44% since its inception. In the last 1 year, the fund has generated a return of 25.72%. The current net asset value (NAV) of the fund is ₹17.345 as of June 13, 2024.
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth primarily invests in the Financial sector. It has a high exposure to global companies through its holdings in the Global X Artificial Intelligence & Technology ETF, which accounts for 99.86% of the fund's portfolio.
The fund has a very high risk profile and is suitable for investors who are willing to take on high levels of volatility and risk. It does not have a lock-in period, which means investors can redeem their investments at any time. However, an exit load of 1% will be charged if the investment is redeemed within 1 year.
Investors can choose to invest in Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth through a monthly SIP investment with a minimum investment of ₹10,000 or through a lump-sum investment with a minimum investment of ₹1 lakh.
The fund has an asset allocation of 99.86% in equity, 0.0% in debt, and 0.14% in other assets. Its top sector allocation is in Financials, which accounts for 99.86% of the fund's portfolio.
Compared to other funds in its category, Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth has shown excellent performance. It has outperformed other international funds in terms of returns in the last 1 year. However, it has underperformed its category average.
The fund has a strong performance track record, but it is important for investors to note that past performance is not indicative of future returns. Mutual fund investments are subject to market risks, and investors should carefully read all scheme-related documents before investing.
Disclaimer: The information provided above is for informational purposes only and should not be considered as investment advice. Investors are advised to consult with a professional investment advisor before making any investment decisions.
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth is an international mutual fund scheme from Mirae Asset Mutual Fund. It has been in existence for 1 year and 9 months, having been launched on August 16, 2022. The fund has assets under management (AUM) of ₹320 Crores as of March 31, 2024, making it a medium-sized fund in its category. The expense ratio of the fund is 0.24%, which is lower than the average expense ratio charged by other international funds.
The fund has delivered average annual returns of 36.44% since its inception. In the last 1 year, the fund has generated a return of 25.72%. The current net asset value (NAV) of the fund is ₹17.345 as of June 13, 2024.
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth primarily invests in the Financial sector. It has a high exposure to global companies through its holdings in the Global X Artificial Intelligence & Technology ETF, which accounts for 99.86% of the fund's portfolio.
The fund has a very high risk profile and is suitable for investors who are willing to take on high levels of volatility and risk. It does not have a lock-in period, which means investors can redeem their investments at any time. However, an exit load of 1% will be charged if the investment is redeemed within 1 year.
Investors can choose to invest in Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth through a monthly SIP investment with a minimum investment of ₹10,000 or through a lump-sum investment with a minimum investment of ₹1 lakh.
The fund has an asset allocation of 99.86% in equity, 0.0% in debt, and 0.14% in other assets. Its top sector allocation is in Financials, which accounts for 99.86% of the fund's portfolio.
Compared to other funds in its category, Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth has shown excellent performance. It has outperformed other international funds in terms of returns in the last 1 year. However, it has underperformed its category average.
The fund has a strong performance track record, but it is important for investors to note that past performance is not indicative of future returns. Mutual fund investments are subject to market risks, and investors should carefully read all scheme-related documents before investing.
Disclaimer: The information provided above is for informational purposes only and should not be considered as investment advice. Investors are advised to consult with a professional investment advisor before making any investment decisions.
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth is an international mutual fund scheme from Mirae Asset Mutual Fund. It has been in existence for 1 year and 9 months, having been launched on August 16, 2022. The fund has assets under management (AUM) of ₹320 Crores as of March 31, 2024, making it a medium-sized fund in its category. The expense ratio of the fund is 0.24%, which is lower than the average expense ratio charged by other international funds.
The fund has delivered average annual returns of 36.44% since its inception. In the last 1 year, the fund has generated a return of 25.72%. The current net asset value (NAV) of the fund is ₹17.345 as of June 13, 2024.
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth primarily invests in the Financial sector. It has a high exposure to global companies through its holdings in the Global X Artificial Intelligence & Technology ETF, which accounts for 99.86% of the fund's portfolio.
The fund has a very high risk profile and is suitable for investors who are willing to take on high levels of volatility and risk. It does not have a lock-in period, which means investors can redeem their investments at any time. However, an exit load of 1% will be charged if the investment is redeemed within 1 year.
Investors can choose to invest in Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth through a monthly SIP investment with a minimum investment of ₹10,000 or through a lump-sum investment with a minimum investment of ₹1 lakh.
The fund has an asset allocation of 99.86% in equity, 0.0% in debt, and 0.14% in other assets. Its top sector allocation is in Financials, which accounts for 99.86% of the fund's portfolio.
Compared to other funds in its category, Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Direct - Growth has shown excellent performance. It has outperformed other international funds in terms of returns in the last 1 year. However, it has underperformed its category average.
The fund has a strong performance track record, but it is important for investors to note that past performance is not indicative of future returns. Mutual fund investments are subject to market risks, and investors should carefully read all scheme-related documents before investing.
Disclaimer: The information provided above is for informational purposes only and should not be considered as investment advice. Investors are advised to consult with a professional investment advisor before making any investment decisions.
Author
Harish Malhi
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