Published on November 17, 2021
Mirae Asset Mutual Fund, one of the fastest growing fund houses in India which invests in the equities and debt segments, today announced the launch of ‘Mirae Asset Hang Seng TECH ETF’, an open-ended scheme replicating/tracking Hang Seng TECH Total Return Index and the ‘Mirae Asset Hang Seng TECH ETF Fund of Funds’, an open-ended fund of fund scheme predominantly investing in units of Mirae Asset Hang Seng TECH ETF.
The NFO for both the funds will open for subscription on November 17, 2021. While the Mirae Asset Hang Seng TECH ETF will close on November 29, 2021 & the Mirae Asset Hang Seng TECH ETF Fund of Fund will close on December 1, 2021.
The Mirae Asset Hang Seng TECH ETF will be managed by Mr. Siddharth Srivastava, while the Mirae Asset Hang Seng TECH ETF Fund of Fund will be managed by Ms. Ekta Gala. The Mirae Asset Hang Seng TECH ETF Fund of Fundwill also offer investors the options for a Regular Plan and Direct Plan with Growth Option.
The minimum initial investment in both the schemes will be Rs 5,000 and multiples of Re 1 thereafter.
Key Highlights:
“This is the Asian century with China being one of the dominant economies , with a focus on achieving major breakthroughs in core technologies such as AI, semiconductors, cloud computing, and other key areas for its future growth. The recent correction in Hang Seng TECH Index may provide Indian investors an attractive opportunity to diversify and get exposure in the growing digital economy of China,” said Mr. Swarup Mohanty, Director & CEO, Mirae Asset Investment Managers (India) Pvt. Ltd.