NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹16.05
0.45%
NAV as on 29 Apr 24, 12:00 AM
very high risk
global other
fof
NAV as on 29 Apr 24, 12:00 AM
very high risk
global other
fof
40.05%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
38.46%p.a.
Since Inception
About Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Global - Other mutual fund scheme that predominantly invests in Global - Other stocks of companies. Launched on Sep 2022, Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Growth is Global - Other fund of its category with 346.82 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Global - Other funds.
- Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Growth delivered 40.0% annual returns during the last year. It has delivered 38.5% average annual returns since the fund was launched.
- Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in fof
Fund Objective
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Global X Artificial Intelligence & Technology ETF. There is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Top 1 Holdings
Global X Artfcl Intlgc & Tech ETF
99.15%
Fund Managers
- Siddharth Srivastava (Sep 2022 - Present)
Key Information
View Scheme Document
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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