Mirae Asset FAANG ETF FOF NFO

Sunil_Joshi2 · April 30, 2021, 5:04pm

have invested in Mirae Asset FAANG ETF FOF NFO. I need the funds to be switched from that ETF FOF to ETF.

ShubhS9 · April 30, 2021, 5:18pm

It won’t be possible to switch from FOF to ETF. You’ll have to redeem your investment in FOF and invest in the ETF.

The NFO for ETF was open until April 30, you could’ve simply cancelled your order for FOF and applied for the ETF instead. Now that the NFO for ETF has closed, this wouldn’t be possible.

Manjucsw · May 1, 2021, 1:53pm

You won’t be able to switch it.

neha1101 · May 8, 2021, 4:15pm

You also need to have a demat account for ETF