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.
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):
| Company | Allocation (%) |
| ServiceNow Inc | 10.46 |
| Amazon.com Inc | 9.91 |
| Apple Inc | 9.91 |
| Alphabet Inc | 9.90 |
| Microsoft Corp | 9.90 |
| Meta Platforms Inc | 9.89 |
| Tesla Inc | 9.88 |
| NVIDIA Corp | 9.88 |
| Netflix Inc | 9.87 |
| Snowflake Inc | 9.87 |
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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