Mirae Asset makes a global foray with two FANG+ funds

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Mirae Asset is launching an ETF, which tracks FANG+ index.
FANG+ comprises of Facebook, Apple, Amazon, Netflix, Alphabet, Alibaba, Baidu, Nvidia, Tesla and Twitter in equal weightage.

There will be a fund of fund, which will track the FANG+ ETF. It will make life easier for those, who don’t have a trading or demat account.

The fund will be an open ended scheme. NFO will be from 19th April to 3rd May.

Give your views, guys.

Source: https://www.livemint.com/mutual-fund/mf-news/mi...

(Take your own decisions. The writer is not a SEBI registered individual but he possesses some sort of basic knowledge. And the article itself is a copy paste job with slight modifications 🐒🐒🐒)

Deal Wiki

I am yet to do any technical analysis on this thing. So, I ll do something about it and ll update here.
https://finance.yahoo.com/news/fang-index-tradi...

Three possibilities are available, it’ll go up, go down or consolidate. And we ll try to find out. 🙂

11 Comments  |  
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Nationalist wrote:

When will it launch?

Bhai 19th May April to 5th of April May. Uske kaafi chizen dekhna hai. 🐒

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bikidas2060 wrote:

Bhai 19th May to 5th of April. Uske kaafi chizen dekhna hai.

May to April?? ek saal k liye rolleyes

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say if facebook gives dividend, will the dividend go to fund house or the individual?

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sidmanraj731 wrote:

say if facebook gives dividend, will the dividend go to fund house or the individual?

It gets reinvested. 🙂🙂🙂

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In mutual fund they don’t give dividend. The dividend is reinvested in the fundhouse name.

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