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Mirae Asset launches one of its kind S&P 500 Top 50 Index based funds

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Mirae Asset S&P 500 Top 50 ETF

(An open-ended scheme replicating/tracking S&P 500 Top 50 Total Return Index)

Mirae Asset S&P 500 Top 50 ETF Fund of Fund

(An open-ended fund of fund scheme predominantly investing in Mirae Asset S&P 500 Top 50 ETF)

New Fund Offer (NFO) for both opens on September 1, 2021; closes on

September 14, 2021 for ETF and September 15, 2021 for Fund of Fund

Mumbai, September 1, 2021:

Mirae Asset Investment Managers (India) Private Limited, one of the fastest growing fund houses in the country in the equities and debt segments, today announced the launch of India’s first passive products which aim to provide sector agnostic exposure to 50 Mega-cap companies of US*, ‘Mirae Asset S&P 500 Top 50 ETF’ , an open-ended scheme replicating/tracking S&P 500 Top 50 Total Return Index and ‘Mirae Asset S&P 500 Top 50 ETF Fund of Fund’ , an open-ended fund of fund scheme predominantly investing in Mirae Asset S&P 500 Top 50 ETF.

The NFO for both the funds will open for subscription on September 1, 2021. While Mirae Asset S&P 500 Top 50 ETF will close on September 14, 2021, Mirae Asset S&P 500 Top 50 ETF Fund of Fund will close on September 15, 2021.

Mirae Asset S&P 500 Top 50 ETF will be managed by Mr. Siddharth Srivastava, while Mirae Asset S&P 500 Top 50 ETF Fund of Fund will be managed by Ms. Ekta Gala. ‘Mirae Asset S&P 500 Top 50 ETF Fund of Fund’ will also offer investors Regular Plan and Direct Plan with Growth Option.

Key Highlights:

  • The S&P 500 Top 50 Index is designed to represent the performance of 50 US Mega-cap companies*, across sectors, selected based on free float market cap from S&P 500 Index.
  • The S&P 500 Top 50 Index captures several well-known sector leading companies from Information Technology to health care, financials to consumer, energy to communication etc., having total market cap of over USD 23 Trillion which is more than 8 times the size of India’s Gross Domestic Product (GDP).
  • 20 out of the 50 companies in the S&P 500 Top 50 Index have made it to the list of Top 50 innovative companies for the year 2020 as per Boston Consultancy Group (BCG).
  • S&P 500 Top 50 (INR) has outperformed Nifty 50 by more than 10% in the last 10, 5, 3, 2 years period, respectively.
  • The index is reconstituted annually in the month of June. On an average in last 5 years, 4 companies have moved in and out of this index annually during reconstitution. This keeps index relevant as the companies and sector exposure in the index portfolio evolves as the US market evolves.
  • Investing in the S&P 500 Top 50 Index will also allow Indian investors to benefit from rupee depreciation.
  • Diversification of country risk.
  • The funds provide exposure to all sector forming part of the Top 50 space unlike Tech-focused US passive or active funds.
  • The Top 50 portfolio has delivered higher returns than S&P 500 index with high correlation.

Mirae Asset S&P 500 Top 50 ETF

New Fund Offer opens on: September 01, 2021 | New Fund Offer closes on: September 14, 2021 Scheme re-opens for continuous Sale and

Repurchase: September 22, 2021. ETF Listing on exchange: Within 5 working days from the date of allotment.

Mirae Asset S&P 500 Top 50 ETF is suitable for investors who are seeking*

• Returns that are commensurate with the performance of S&P 500 Top 50 Total Return Index subject to tracking error and foreign exchange movement

• Investments in equity securities covered by S&P 500 Top 50 Total Return Index

*Investors should consult their financial advisers if they are not clear about the suitability of the product

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Mirae Asset S&P 500 Top 50 ETF Fund of Fund

New Fund Offer opens on: September 01, 2021 | New fund Offer closes on: September 15, 2021

Scheme re-opens for continuous Sale and Repurchase: September 23, 2021

Mirae Asset S&P 500 Top 50 ETF Fund of Fund is suitable for investors who are seeking*

• To generate long term capital appreciation/income

• Investments predominantly in units of S&P 500 Top 50 ETF

*Investors should consult their financial advisers if they are not clear about the suitability of the product

RISKOMETER
Mirae Asset Riskometer

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