Mirae Asset S&P 500 Top 50 ETF (G)

Mirae Asset S&P 500 Top 50 ETF (G) is an Exchange Traded Fund which is benchmarked to S&P 500 TOP 50 TR INR. Mirae Asset S&P 500 Top 50 ETF (G) is managed by the Mirae Asset Investment Managers (India) Private Limited with the fund managers being Siddharth Srivastava. The Mirae Asset S&P 500 Top 50 ETF (G) was launched on Sep 21, 2021 with no lock-in period. Since its inception, the fund has delivered 7.3% as a return on investment. The fund has delivered a 1-year return of 26%, a 3-year return of null%, and a 5-year return of null%.

As on 29 Sep, 2023 the NAV of the fund is Rs 31.60 and the AUM is Rs 595.36 crores. The fund charges an expense ratio of 0.65% on an annual basis. You can start a SIP with an investment of a minimum of Rs 100. You can make a lumpsum investment of minimum of Rs 5000.

Since the scheme is benchmarked to S&P 500 TOP 50 TR INR, the fund is subject to very high risk and it may witness volatility in the short term. Hence, an exchange-traded fund is more suitable for an investment horizon of more than 5 years. The Mirae Asset S&P 500 Top 50 ETF (G) has an asset allocation of 0% in equity and equity equivalents and 0% in debt securities.

Scripbox provides a unique feature through which you can compare the performance of Mirae Asset S&P 500 Top 50 ETF (G) with another fund in a similar category. This way you can make a well-informed investment decision.