MIRAE ASSET
GLOBAL X ARTIFICIAL INTELLIGENCE & TECHNOLOGY ETF FUND OF FUND - (MAAIF)
(Fund of Fund - An open-ended fund of fund scheme investing in units of Global X Artificial Intelligence & Technology ETF.)
| Type of Scheme | Fund of Fund - An open-ended fund of fund scheme investing in units of Global X Artificial Intelligence & Technology ETF |
| Investment Objective | The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Global X Artificial Intelligence & Technology ETF. There is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns. |
Fund Manager** |
Mr. Siddharth Srivastava (since September 07, 2022) |
| Allotment Date | 07th September 2022 |
| Benchmark Index | Indxx Artificial Intelligence & Big Data Index (TRI) (INR) |
| Minimum Investment Amount |
₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
Monthly and Quarterly: ₹1000/- (multiples of ₹1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option. |
| Load Structure | Entry load: NA Exit load: If redeemed within 1 year (365 days) from the date of allotment: 1% If redeemed after 1 year (365 days) from the date of allotment: NIL. |
| Plans Available | Regular Plan and Direct Plan |
| Options Available | Growth Option |
| Monthly Average AUM (₹ Cr.) as on November 30, 2023 | 197.93 |
| Net AUM (₹ Cr.) | 211.83 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on November 30, 2023 |
Regular Plan: 0.37% Direct Plan: 0.18% Investors may note that they will bear recurring expenses of the underlying scheme in addition to the expenses of this scheme |
| Investors may note that they have to bear recurring expense if the underlying scheme in addition to the expenses of this scheme. The TER of underlying scheme i.e Global X Artificial Intelligence & Technology ETF is 0.68% | |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 14.600 | ₹ 14.562 |
This product is suitable for investors who are seeking*
• To generate long term capital appreciation/income
• Investment in Global X Artificial Intelligence & Technology ETF
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
| Portfolio Holdings | % Allocation |
| International Exchange Traded Funds | |
| Global X Artificial Intelligence & Technology ETF | 100.07% |
| International Exchange Traded Funds Total | 100.07% |
| Cash & Other Receivables Total | -0.07% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MAAIF | 39.42% |
35.73% |
||
| Scheme Benchmark* | 41.04% |
37.57% |
||
| Additional Benchmark** | 8.47% |
12.51% |
||
| NAV as on 30th November, 2023 | ₹ 14.562 | |||
| Index Value ( 30th November, 2023) | Index Value of benchmark is 4,656.42 and Nifty 50 Index (TRI) is 29,585.36 |
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| Allotment Date | 07th Sep, 2022 | |||
| Scheme Benchmark | *Indxx Artificial Intelligence & Big Data Index (TRI) (INR) | |||
| Additional Benchmark | **Nifty 50 Index (TRI) | |||
Fund manager : Mr. Siddharth Srivastava managing the scheme since September 07, 2022.
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
Latest available NAV has been taken for return calculation wherever applicable
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option