Live Now on Paytm Money | Mirae Asset NYSE FANG+ ETF & FOF3 min readReading Time: 3 minutes
Mirae Asset AMC is all set to take its investor portfolio overseas by launching NYSE FANG+ ETF & NYSE FANG+ ETF Fund of Fund. The fund house brings the NYSE FANG+ ETF, an open-ended scheme replicating/tracking NYSE FANG+ Total Return Index.
In simpler words, this ETF will invest in the same stocks with the same weightage as in the NYSE FANG+ Index. The Fund of Fund will basically invest in this ETF and hence, reap its benefits too.
Investors will get exposure to the 10 best tech innovators in the world. Anyone can apply for these NFOs on the Paytm Money app starting Apr 19.
The NYSE FANG+ Index is equally weighted which means that the weight of each index constituent is set at 10% (equal weight) on the date of rebalancing but may drift due to price movement observed for each stock between two rebalancing dates. The index is quarterly rebalanced and consists of World’s best tech innovation stocks – Facebook, Amazon, Apple, Netflix, Google, Twitter, Tesla, Alibaba, Nvidia, and Baidu.
The combined market cap of these 10 stocks is $7.7 trillion as of Feb 2021, nearly 3x of all the BSE listed companies.
The absolute return of the NYSE FANG+ Index has surpassed that of NASDAQ 100 and Nifty 50 for the past 6 calendar years and on a risk-adjusted basis, it surpassed these in 4 out of 6 calendar years.
The Indian Rupee has historically depreciated against the Dollar and Euro over the long term. Further depreciation would only add to the profits, as the value of the investor’s foreign assets increase.
Indian equity returns have a low correlation with the world market, 0.25 to be precise and with US markets with a correlation of 0.16. Lower correlation equals diversification. A negative impact on Indian equities would not create equal ripple effects in the world and US markets which means you have a pretty good hedge.
Mirae Asset NYSE FANG+ ETF and NYSE FANG+ ETF Fund of Fund New Fund Offer opens on April 19th. One can apply for the same on Paytm Money and invest for a sum of more than Rs. 5000.
Here is the detailed timeline of NFO
Here’s how to apply for NYSE FANG+ ETF NFO on Paytm Money
- Login to Paytm Money app
- Click on “Apply For Mirae Asset FANG+ ETF NFO”
- Ensure your trading account has the desired sum for investing
- Enter the amount you wish to block for investing in the ETF NFO (more than Rs. 5,000)
- You will receive the application successful notification by evening
Steps to apply for NYSE FANG+ ETF Fund of Fund NFO on Paytm Money
- Log in to Paytm Money App
- Complete your KYC
- Select Mirae Asset NYSE FANG+ ETF Fund of Fund NFO
- Enter Amount you wish to invest
- Pay via UPI/net banking
Disclaimer – “Paytm Money Ltd Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi – 110019. The New Fund Offer is non Exchange traded products and Paytm Money Ltd (PML) is acting as an agent for distributing the same. Please note all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.”