Mirae Asset Hang Seng TECH ETF

The current market price of Mirae Asset Hang Seng TECH ETF is ₹25.65. ETF prices fluctuate during market hours based on demand, supply, and movements in the underlying index or assets.

The Mirae Asset Hang Seng TECH ETF, managed by Mirae Asset Investment Managers, is an open-ended scheme designed to replicate the Hang Seng TECH Total Return Index, focusing on passive investment strategies. This ETF employs a tracking approach to closely follow the Hang Seng TECH Index (TRI) in INR, providing investors with exposure to key technology companies in the Hong Kong market. With a fund size of ₹416.9 Cr, the ETF's top holdings include Tencent Holdings Ltd. at 8.68% and Alibaba Group Holding Ltd. at 7.46%, indicating a concentrated portfolio within the tech sector. The performance has been robust, showcasing a remarkable 1-year change of +43.9% and a 3-year CAGR of 18.9%, reflecting strong market conditions for technology stocks in recent periods. The operational efficiency is highlighted by a low expense ratio of 0.56% and a minimal tracking error of 0.12%, ensuring cost-effective management for investors seeking exposure to tech equities.

Mirae Asset Hang Seng TECH ETF is designed to track Hang Seng TECH Index (TRI) (INR), allowing investors to gain exposure to its underlying securities through a single investment.

The expense ratio of Mirae Asset Hang Seng TECH ETF is 0.56%. This represents the annual fee charged by the fund house for managing the ETF and is deducted from the fund’s assets.

The Assets Under Management (AUM) of Mirae Asset Hang Seng TECH ETF is approximately ₹416.94. AUM reflects the total market value of assets managed by the ETF and is often used as an indicator of fund size and liquidity.

Mirae Asset Hang Seng TECH ETF is classified under the High risk category. The risk level depends on the volatility of the underlying index, market conditions, and asset composition of the ETF.

The tracking error of Mirae Asset Hang Seng TECH ETF is 0.12%. Tracking error measures how closely the ETF’s performance matches its benchmark index over time.

Mirae Asset Hang Seng TECH ETF does not currently declare dividends and may reinvest earnings into the fund. Dividend treatment depends on the ETF structure and fund house policy.

Based on available data, Mirae Asset Hang Seng TECH ETF has delivered the following returns: 1-year return: 27.17%. 3-year return: 58.73%. 5-year return: 30.53%. Past performance does not guarantee future results.

Before investing in Mirae Asset Hang Seng TECH ETF, investors generally consider the underlying index, expense ratio, tracking error, risk profile, liquidity, and how the ETF fits within their overall portfolio strategy.