Mirae Asset NYSE FANG+ETF, a basket tracking an index comprising global mega-cap tech stocks, recorded a blistering 96% rise in NAV. The closest challenger, CPSE ETF, tracking an index of Indian public sector entities, fetched 75%. The NYSE FANG+ETFs blockbuster show is bound to make investors take notice, but should you rush to add this table-topper to your mutual fund shopping list?
According to SEBIs letter no. SEBI/HO/OW/IMD-ll/DOF3/P/25095 /2022 dated June 17, 2022 and AMFIs communication dated June 20, 2022 and June 21, 2022, fund houses were allowed to resume subscriptions in mutual fund schemes investing in overseas securities up to the headroom available without breaching the overseas investment limits as of February 1, 2022 at the mutual fund level.
Tata Mutual Fund announced the launch of the Tata Silver Exchange Traded Fund. The scheme opened for public subscription on January 02, 2024, and will close on January 09, 2024.
Tata Mutual Fund announced the launch of the Tata Silver ETF Fund of Fund. The scheme opened for public subscription on January 02, 2024, and will close on January 16, 2024.