Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF - ATS

Why this NFO can be a part of your portfolio - Mirae Asset Global Electric & Autonomous Vehicles ETF FoF


While the crude oil prices remain volatile, electric and Autonomous vehicles are stabilizing their ground for the future. While the future for EVs (Electric vehicles) and AVs (Autonomous Vehicles) remains bright, Mirae Asset Management Company has launched its new thematic ETF on Global Electric and Autonomous Vehicle.


Basic details of the NFO:

NFO start Date 16-Aug-22
NFO End Date 30-Aug-22
Opens for Repurchase on 08-Sep-22


The Scheme intends to invest in one or more of the below-mentioned ETFs:

  • Global X Lithium & Battery Tech ETF

  • Global X Autonomous & Electric Vehicles ETF

  • Global X China Electric Vehicle and Battery ETF

  • Global X Autonomous & Electric Vehicles UCITS ETF

  • Global X Lithium & Battery Tech UCITS ETF

The Scheme shall invest only from the aforementioned overseas ETFs. Once the asset allocation of the investment in the above funds is confirmed, we will update the detailed portfolio.


Fund Manager Profile:

Mr. Siddharth Srivastava is a B.Tech, MBA graduate with CFA and has over a decade of experience in financial services and stock markets. He has been working with Mirae Asset Management since May 2018. Before Mirae, Mr. Siddharth has been a senior manager at NSE for developing new Index products for various asset classes.

Mr. Siddharth Srivastava is currently managing Rs.1,765 Cr through 3 ETFs which are fairly new in the market. The below are the details of the funds managed.

Fund Name AUM (in. Cr.) 1 Year Return 3 years Return
Mirae Asset Hang Seng TECH ETF 117.83 - -
Mirae Asset S&P 500 Top 50 ETF 489.18 - -
Mirae Asset NYSE FANG+ ETF 1,151.23 -16.28 -


Why can Mirae Asset Global Electric & Autonomous Vehicle ETFs Fund of Fund be a part of your portfolio?

  1. Electric Vehicles reduce the cost of re-fuelling almost by half compared to fuel cars.

  2. EVs emit lower Green House Gases (GHG) when compared with vehicles with tail-pipe emissions.

  3. Government incentives coupled with reducing prices of the batteries help in boosting the confidence of both consumers and producers.

  4. Electric vehicle sales grew at a CAGR of 84% as of Dec 2021 since 2010. The electric cars portion of the total cars sold across the globe is 8.6%

  5. While Norway tops the Electric Vehicles sales share at 86.2%, Australia's electric vehicles sales share is at 2.9%. India's electric vehicles share in 2021 is about 1.10%. Thus, there is a huge opportunity for the producers of EVs

  6. Autonomous vehicles further reduce the hassles faced due to manual errors.


Thus, we believe investing in this fund can be an added advantage for existing as well as new investors.

ATS believes a client should be well informed and educated 360 degrees on the aspects of investments.

For detailed discussion on your existing portfolio, financial planning, funds recommendation, and portfolio management services, please write to us at research@adityatrading.com

To read more posts from ATS, check our blog at https://adityatrading.in/

Post a Comment
Error message
Error message
Error message



This report is only for the information of our customers. Recommendations, opinions, or suggestions are given with the understanding that readers acting on this information assume all risks involved. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. ATS and/or its group companies do not as assume any responsibility or liability resulting from the use of such information.