NFO Alert: Reviewing Mirae Asset India’s S&P 500 Top 50 ETF

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Mirai Assets has launched a global passive fund. The Mirae Asset S&P 500 Top 50 scheme will track the index of the top 50 mega-companies in the US. You will be able to invest through both Exchange Traded Fund (ETF) and Fund of Fund (FOF). If you have a Demat account then you can invest through ETF and there are FOF for those without Demat account.

According to Siddharth Srivastava, Head of ETF Product, Mirae Asset, this fund is giving an opportunity to invest in bluechip companies of America. Through this scheme, Indian investors will be able to invest in new emerging sector companies that are not present in India such as companies related to robotics, artificial intelligence, electric vehicles and cloud computing.

The S&P 500 Top 50 ETF will invest in the top 50 companies in the US. In terms of capitalization, these 50 companies are called mega caps. Siddharth explains that the focus of this will not be on a theme or sector. Preference will be given to the sector according to the capitalization. The sector which has a higher market cap will have a higher weightage in the fund.

If you are thinking about global investing and want to know more about this passive fund, then understand the special features of this fund from Siddharth Srivastava of Mirae Asset in this video.