Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund

(An open ended fund of fund scheme investing in units of Global X Artificial Intelligence & Technology ETF.)

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About the fund

An open ended fund of fund scheme investing in units of Global X Artificial Intelligence & Technology ETF.

INVESTMENT FRAMEWORK

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.

WHY YOU MAY CONSIDER INVESTING IN THE FUND?

Endeavours to provide exposure to companies which are at the forefront of Artificial intelligence mega-trend

Exposure to global big tech companies. The top 3 geographical exposure are United States, China and South Korea

Portfolio of 83 companies spread across 20 Industries with total market cap of USD 13.2 Trillion.

AIQ Indxx** has given 20.4% return in last 7 years.

Source:Bloomberg data as on July 29, 2022; Exchange rate of FBIL are used for conversion of indxx value from USD to INR. IF INR appreciates against the currency in which investments are made then the value of foreign asset declines as a result of which the fund investing in such foreign asset will also bear the impact of it. Past performance may or may not sustain in future. The indxx return are in Total Return Variant. The data shown above pertains to the indxx and does not in manner indicate performance of any scheme of the indxx.
** AIQ Indxx stands for for Indxx Artificial Intelligence & Big Data Indxx.
Since Inception Return of AIQ Indxx: 18.5% (Base Date: 31st Jan 2014); 1 Year Return: -20.7%.
Investors may note that they will bear recurring expenses of the underlying scheme in addition to the expenses of this scheme.

Fund facts

Type

An open ended fund of fund scheme investing in units of Global X Artificial Intelligence & Technology ETF.

fund manager

Mr. Siddharth Srivastava

benchmark indxx

Indxx Artificial Intelligence & Big Data Index (TRI) (INR)

Minimum SIP Installment Amount

Rs. 99 & in multiples of Re. 1 thereafter

Plans Available

Regular Plan and Direct Plan

Options Available

Growth Option

Taxation

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Ideal Investment Horizon

Investment Horizon

Recommended Investment Horizon
3+ Years

Nature of investment

The scheme intends to invest in overseas equity ETF which is denominated in foreign currency. The Investor of Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund will hence be exposed to foreign currency movement. The scheme does not intend to hedge this exposure.

Suitable Investment