The Mirae Asset NYSE FANG+ ETF, managed by Mirae Asset Investment Managers, aims to replicate the NYSE FANG + Total Return Index through a passive investment strategy in an open-ended format.

This ETF meticulously tracks the NYSE FANG + Index (TRI) (INR), utilizing a replication method that ensures investors gain exposure to high-growth tech stocks effectively.

The fund's portfolio prominently features top holdings such as Alphabet Inc. and Nvidia Corporation, with a notable concentration risk as the top ten holdings comprise over 80% of the total assets.

In terms of performance, the ETF exhibited a remarkable 1-year return of +77.1% and a robust 3-year CAGR of 62.3%, showcasing its strong alignment with the tech sector's growth trajectory.

With an expense ratio of 0.65% and a fund size of ₹3271.6 Cr, the ETF remains accessible through major exchanges, reflecting efficient operational management under Mr. Siddharth Srivastava since May 2021.