Mirae Asset NYSE FANG+ ETF Review: A Guide to Investing in Global Tech Innovators

Mirae Asset NYSE FANG+ ETF

The Mirae Asset NYSE FANG+ ETF (Ticker: MAFANG) is an open-ended exchange-traded fund (ETF) that aims to replicate the performance of the NYSE FANG+ Total Return Index. This index comprises ten highly traded technology and internet companies, providing focused exposure to innovative, high-growth sectors.

Key Features:

  • Investment Objective: The fund seeks to generate returns, before expenses, that align with the NYSE FANG+ Total Return Index, subject to tracking error and forex movement.
  • Fund Manager: Mr. Siddharth Srivastava.
  • Launch Date: May 6, 2021.
  • Expense Ratio: 0.66% for the Regular plan, as of November 30, 2024.
  • Assets Under Management (AUM): ₹2,559.16 crore as of September 30, 2024.
  • Net Asset Value (NAV): ₹111.87 for the Growth option of its Regular plan, as of December 20, 2024.
  • Minimum Investment: On exchange, investors can purchase in multiples of 1 unit. Directly with the Asset Management Company (AMC) or Authorized Participant, investments can be made in multiples of 2,00,000 units.

Performance:

As of December 20, 2024, the fund has delivered the following returns:

  • 1-Year Return: 52.47%
  • 3-Year Annualized Return: 26.15%
  • Since Inception Annualized Return: 25.43%

Top Holdings:

The fund’s portfolio includes:

  • NVIDIA Corporation: 10.32%
  • Broadcom: 10.28%
  • Meta Platforms: 10.25%
  • Apple Inc.: 10.17%
  • Crowdstrike Holdings Inc: 10.12%

About the Fund

Objective:

  • To replicate the performance of the NYSE FANG+ Total Return Index, which is a focused equity index designed to track the performance of ten highly traded tech and internet stocks.
  • Aims to deliver growth by investing in innovative and disruptive companies.

Composition:

  • The fund consists of 10 equally weighted stocks from sectors such as technology, internet, and semiconductors.
Mirae Asset NYSE FANG+ ETF

MAFANG Company list

The NYSE FANG+ Total Return Index includes:

  • 1) Meta Platforms (Facebook): Social media and online advertising.
  • 2) Apple: Consumer electronics, software, and services.
  • 3) Amazon: E-commerce, cloud computing, and artificial intelligence.
  • 4) Netflix: Online streaming and content creation.
  • 5) Alphabet (Google): Search engine, digital advertising, and cloud services.
  • 6) Microsoft: Software, cloud computing, and gaming.
  • 7) Tesla: Electric vehicles and renewable energy.
  • 8) NVIDIA: Graphics processing units (GPUs) and AI hardware.
  • 9) Broadcom: Semiconductors and infrastructure software.
  • 10) CrowdStrike: Cybersecurity and cloud-native platforms.

Key Benefits

  • High Growth Potential: Focuses on high-growth sectors and companies at the forefront of innovation.
  • Diversification: Provides exposure to multiple leaders in the tech and internet space.
  • Ease of Access: Traded on Indian stock exchanges, allowing domestic investors to gain U.S. market exposure.
  • Liquidity: As an ETF, it can be traded on the stock exchange during market hours like any other stock.

Investment Structure

(1) Units Purchase:

  • On Stock Exchange: Investors can buy/sell units like shares (minimum 1 unit).
  • Directly with AMC: Large investors can transact in multiples of 2,00,000 units.

(2) Expense Ratio:

  • Regular Plan: ~0.66% as of the latest data.
  • This low cost makes it an attractive option compared to actively managed mutual funds.

(30 Tracking Error:

  • The ETF’s performance may slightly differ from the index due to expenses and other factors.

Mafang etf holdings

The Mirae Asset NYSE FANG+ ETF (MAFANG) aims to replicate the performance of the NYSE FANG+ Total Return Index, which comprises ten prominent technology and internet companies.

Top Holdings (as of November 30, 2024):

CompanyAllocation (%)
ServiceNow Inc10.46
Amazon.com Inc9.91
Apple Inc9.91
Alphabet Inc9.90
Microsoft Corp9.90
Meta Platforms Inc9.89
Tesla Inc9.88
NVIDIA Corp9.88
Netflix Inc9.87
Snowflake Inc9.87

These holdings are equally weighted, each constituting approximately 10% of the fund’s portfolio, reflecting the structure of the NYSE FANG+ Index.

Fund Details:

  • Assets Under Management (AUM): ₹2,559.16 crore (as of September 30, 2024)
  • Expense Ratio: 0.33%
  • Net Asset Value (NAV): ₹70.25 (as of December 20, 2024)

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