Mirae Asset NYSE FANG+ ETF and FOF

Mirae Asset AMC launches US FANG Plus ETF and FOF, which opens on 19 April, 2021.

Mirae Asset US FANG Plus ETF is based on the NYSE FANG+ Index, which is an equal-dollar weighted Index designed to represent a segment of the technology and consumer discretionary sectors consisting of 10 highly-traded growth stocks of technology and tech-enabled companies.

What are FAANG stocks?

FAANG is an acronym used to describe some of the most prominent companies in the tech sector. Originally the acronym was FANG, for Facebook, Amazon, Netflix, and Alphabet (formerly Google). In 2017, investors started including Apple in the group, turning the acronym into FAANG.

Over the past decade, the FAANG stocks have grown faster than the overall S&P 500 or the more technology-focused NASDAQ.

Constituents of FANG+ index?

The index includes the five core “FANG” stocks—Facebook, Apple, Amazon, Netflix and Alphabet’s Google—plus another five actively-traded technology growth stocks—Alibaba, Baidu, NVIDIA, Tesla and Twitter.

Performance of FANG+ Index vs Nasdaq 100.

As the NYSE FANG+ index tracks the five FAANG stocks and five other tech and tech-enabled leaders, it has historically outperformed the S&P 500 index and Nasdaq 100 over the last 7 years.

As every investor should know, past results don’t guarantee future success. But FANG+ companies exhibit several competitive advantages that make them appealing long-term investments.

Please note, such concentrated indices are highly volatile. Investments in FANG+ ETF or FOF can be considered, if you have a high risk appetite. For others who want US exposure, they consider investing in a broad based index like SPX 500 index fund.

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the index has hit an all-time high of 75,124 and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !

Mutual Funds - How to modify KYC or do rekyc?

Last year SEBI issued a circular effective April 1, 2024 regarding KYC norms for the securities market. This has created a lot of confusion among investors and intermediaries, whether who has to do rekyc and who need not? First check your KYC status from CVL KRA . If the 2nd column says KYC VALIDATED, then you are good to go - no action required. You can invest and redeem all the funds. If it says registered, you can invest in existing Fund houses. You have do rekyc to invest in new fund houses/ schemes. If it is on hold, you have to do rekyc. You can do rekyc completely online from the AMC's websites, links of which are given below: Bandhan Mutual Fund - Bandhan Canara Robeco Mutual Fund - Canararobeco DSP AMC - Dsp Franklin Templeton Asset Management Franklintempletonindia HDFC Mutual Fund Hdfc ICICI Prudential Mutual Fund Icicipruamc Kotak Mahindra Mutual Fund Kotak SBI Mutual Fund Sbi Investors having KYC status of 'Registered' or 'On Hold' can complete thei...

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