(Erstwhile known as Mirae Asset Global Electric & Autonomous Vechiles Fund of Fund)
(An open-ended fund of fund scheme investing in overseas equity Exchange Traded Funds which are based on companies involved in development of Electric & Autonomous Vehicles and related technology, components and materials)
The scheme intends to invest in one or more of the below mentioned ETFs:
The Scheme shall invest only from the aforementioned overseas ETFs.
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of overseas equity ETFs which are based on companies involved in development of Electric & Autonomous Vehicles and related technology, components and materials. There is no assurance that the investment objective of the Scheme will be realized.
Invest in a secular growth trend to take advantage of the irreversible shift towards electric and autonomous vehicles.
Endeavours to provide exposure to the entire ecosystem of Electric and Autonomous Vehicles, from Mining to Vehicle Manufactures.
Seeks to have a diversified portfolio with exposure to companies from multiple countries catering to the theme.
Comparatively lower cost due to investments in Exchange traded funds which also ensures higher portfolio transparency and lower active risk.
An open-ended fund of fund scheme investing in overseas equity Exchange Traded Funds which are based on companies involved in development of Electric & Autonomous Vehicles and related technology, components and materials
Mr. Siddharth Srivastava
Solactive Autonomous & Electric Vehicles Index (TRI) (INR)
Rs. 99 & in multiples of Re. 1 thereafter
Regular Plan and Direct Plan
Growth Option
Click here to View
Click here to view the latest TER.
Investors may note that they will bear recurring expenses of the underlying scheme in addition to the expenses of this scheme.
Recommended Investment Horizon
3+ Years
The scheme may invest in multiple ETFs which are domiciled or listed in different countries and track companies from different geographies catering to Electric & Autonomous Vehicle and related technology, components and materials.
Potential Exposure to entire spectrum of Electric & Autonomous Vehicle and related technology, components and materials.
For Historic NAV Click here
Product Labelling for Mirae Asset Global Electric and Autonomous Vehicles Equity Passive FoF. The fund is suitable for investors who are seeking to generate long-term capital appreciation/income, through investments in units of equity ETFs which are based on companies involved in development of Electric and Autonomous Vehicles and related technology, components and materials. Investors should consult their financial advisors if they are not clear about the suitability of the product. The Scheme Riskometer shows that the risk of the scheme is Very High. The riskometer is a semicircular gauge divided into six color-coded zones: Low Risk (dark green), Low to Moderate Risk (light green), Moderate Risk (yellow), Moderately High Risk (brown), High Risk (orange) and Very High Risk (red). The needle of the scheme riskometer points to the Very High Risk zone. The Scheme Benchmark is the Solactive Autonomous and Electric Vehicles Index (TRI) (INR). The Benchmark Riskometer also has its needle pointing to the Very High Risk zone, which shows that the risk of the benchmark is Very High.
ETF Website
