Everything you need to know about the Mirae Asset NYSE FANG+ ETF

This fund till not available on the coin app but available on the coin website.

listing date?

ETF will be listing on the exchanges on 14th May.

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This ETF is now listed. Its trading symbol is MAFANG.

Who wants to go first ? :slightly_smiling_face:

Where can we get the iNAV for the ETF ? Seeing lot of volatility on the listing day.

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Ideally, the iNAV should be visible here: Transact in ETF (miraeassetmf.co.in)
But, it’s not yet available. I had tweeted to Mirae, but didn’t receive any response.

In zerodha coin I’m getting Miraee Asset NYSE FANG + ETF fund of fund only. Where can I find ETF only over there?

ETF’s are available on Kite. You can search for “MAFANG”.

in similar lines. tech seems over heated per multiple folks on CNBC squak. No one coming up with a general ETF for say s&p 500 or a dow ?

so we can truly say we have some exposure to is economy as a whole and forget about the risks of these 10 specific stocks.

Motilal Oswal already has an index fund available for S&P 500

The LTCG will be on 1 yr or 3 yr holding?


@Bhuvan The expense ratio you have quoted seems to be incorrect. In Coin it is showing different.

Those were tentative numbers that were released by the AMC at the time of NFO. This was also mentioned in a tweet by one of their employee -

Currently, their Expense ratio is indeed 0.25%. The breakdown for which is as follows -

Base TER (%) Additional expense as per Regulation 52(6A)(b) (%) Additional expense as per Regulation 52(6A)(c) (%) GST (%) Total TER (%)
0.18% 0.00% 0.05% 0.02% 0.25%

Also, Base TER is increasing from 0.18% to 0.26% from 24th June 2021.

So currently what is the expense ratio of ETF ?
And @Bhuvan where can we see the TER of a fund in case it also holds a single or multiple ETFs ?

As per latest factsheet (Page 45), the expense ratio for the ETF is 0.37% -

Information about TER and holdings of the fund of funds can be verified via its factsheet (Page 48) -

@Prayag a hypothetical fun question:
We know the name FAANG consists of the 5 biggies of US market today basis which the name has been derived.

If, say, 10 years later one of them is not the biggie anymore and is replaced by say T (just for example). Still the index would be called as FAANG? :sweat_smile:

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on a lighter note, it will be named as follows as T joins the group

TAANG in case Facebook leaves
FTANG in case Amazon leaves
FATNG in case Apple leaves
FAATG in case Netflix leaves
FAANT in case Google (alphabet) leaves

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