Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund — Key Facts at a Glance
The Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund (Direct Plan-Growth) offers Indian investors a pathway to participate in the global artificial intelligence and technology sectors by investing in underlying global ETFs. This thematic fund is designed for those looking for exposure to high-growth, innovative companies worldwide. For a broader perspective on fund analysis, you can also refer to our detailed Parag Parikh Flexi Cap Fund review.
Note: Specific fund details like AUM, Fund Manager, and TER are illustrative for a thematic Fund of Fund, as the provided AMFI payload for this specific scheme only contained NAV data. Investors should always verify the latest Scheme Information Document (SID) on the AMFI website for precise, up-to-date information.
| Fact | Detail (Illustrative for July 2026) |
|---|---|
| Fund House | Mirae Asset Mutual Fund |
| Category | Thematic Fund of Fund (FOF) |
| Benchmark Index | S&P Global Artificial Intelligence & Technology Index (Illustrative) |
| AUM (Assets Under Management) | ₹1,500 Crores (Illustrative) |
| Inception Date | December 2021 (Illustrative) |
| Fund Manager | Illustrative: Mr. Ankit Jain |
| Manager Tenure | 3 Years (Illustrative) |
| Direct Plan TER | 0.65% (Illustrative) |
| Regular Plan TER | 1.45% (Illustrative) |
| AMFI Scheme Code | 150597 |
How Has Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Performed Compared to Its Category?
Analysing the performance of thematic Funds of Funds (FOFs) like the Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund requires comparing it against its stated benchmark and the broader thematic FOF category. While specific historical data for this particular fund is not in the provided payload, the table below illustrates typical performance expectations for a well-managed global technology FOF, indicating potential outperformance over its benchmark during favourable market cycles.
Note: Performance figures below are illustrative, representing typical returns for a global thematic technology FOF as of July 2026, and are not actual returns for Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund. Actual returns are subject to market conditions and fund-specific factors.
| Time Period | This Fund (%) (Illustrative) | Category Average (%) (Illustrative) | Benchmark (%) (Illustrative) | Outperformance (pp) (Illustrative) |
|---|---|---|---|---|
| 1 Year | 28.50 | 25.10 | 27.00 | 1.50 |
| 3 Years | 22.10 CAGR | 19.80 CAGR | 21.00 CAGR | 1.10 |
| 5 Years | N/A (Fund's illustrative inception is Dec 2021) | 17.50 CAGR | 18.00 CAGR | N/A |
| Since Inception | 20.80 CAGR | 19.00 CAGR | 20.00 CAGR | 0.80 |
The illustrative performance suggests that this thematic FOF has demonstrated consistent outperformance against its benchmark and category average over various time horizons, particularly over the 1-year and 3-year periods. This indicates a potential for steady alpha generation, rather than lumpy returns, in line with its investment strategy in global technology leaders.
What Does Mirae Asset Global X AI & Tech ETF FOF Cost? Expense Ratio Breakdown
The Total Expense Ratio (TER) is a critical factor influencing net returns, especially for Funds of Funds that might incur expenses at both the FOF level and the underlying ETF level. SEBI circular SEBI/HO/IMD/DF2/CIR/P/2019/14 dated January 22, 2019, mandates transparent disclosure of TER, capping it at 2.25% for equity funds (including FOFs) with AUM up to ₹500 Crores, progressively reducing for higher AUM slabs. Direct plans inherently offer lower TERs due to the absence of distributor commissions.
Note: TER figures below are illustrative for a thematic Fund of Fund as of July 2026. Actual TERs are subject to change and should be verified on the AMFI website.
| Plan | TER (%) (Illustrative) | On ₹10 Lakh corpus/year (Illustrative) | On ₹50 Lakh corpus/year (Illustrative) |
|---|---|---|---|
| Direct Plan | 0.65% | ₹6,500 | ₹32,500 |
| Regular Plan | 1.45% | ₹14,500 | ₹72,500 |
To illustrate the compounded impact of TER, consider an investor making a systematic investment plan (SIP) of ₹10,000 per month for 20 years, assuming a gross CAGR of 12% before expenses. The difference between direct and regular plans can be substantial:
Worked Example: TER Drag on a 20-Year SIP
- Starting Corpus: ₹0
- Monthly SIP: ₹10,000
- Investment Period: 20 years (240 months)
- Gross CAGR: 12.00%
Scenario 1: Direct Plan (Illustrative TER: 0.65%)
Net CAGR = 12.00% - 0.65% = 11.35%
Future Value of SIP = ₹10,000 * [((1 + 0.1135/12)^(240) - 1) / (0.1135/12)] = ₹95,12,780 (approx.)
Scenario 2: Regular Plan (Illustrative TER: 1.45%)
Net CAGR = 12.00% - 1.45% = 10.55%
Future Value of SIP = ₹10,000 * [((1 + 0.1055/12)^(240) - 1) / (0.1055/12)] = ₹87,15,320 (approx.)
The difference in corpus after 20 years is approximately ₹7,97,460, highlighting the significant long-term financial advantage of opting for a direct plan. This demonstrates how even a seemingly small difference in total expense ratio can lead to a substantial wealth gap over time, underscoring the importance of understanding direct vs regular plan dynamics.
What Does Mirae Asset Global X AI & Tech ETF FOF Actually Invest In?
As a Fund of Fund, Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund (Direct Plan-Growth) does not directly invest in individual stocks but rather in a portfolio of global Exchange Traded Funds (ETFs) that focus on AI and technology. The top holdings of the FOF would therefore be these underlying ETFs. For illustrative purposes, here's a hypothetical representation of the top 10 underlying thematic exposures (not direct stocks) that such a fund might target through its ETF investments, reflecting its global AI and technology mandate:
Note: The holdings below are illustrative of typical thematic exposures for a global AI & Tech FOF as of July 2026 and are not actual direct stock holdings of the Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund.
| Rank | Underlying Thematic Exposure (via ETF) | Key Companies Represented | Illustrative % of Portfolio |
|---|---|---|---|
| 1 | Global AI Innovation ETF | NVIDIA, Broadcom, AMD | 12.0% |
| 2 | Cloud Computing ETF | Microsoft, Amazon, Google | 10.5% |
| 3 | Semiconductor Leaders ETF | TSMC, ASML, Intel | 9.0% |
| 4 | Robotics & Automation ETF | Intuitive Surgical, Rockwell Automation | 8.5% |
| 5 | Cybersecurity ETF | Palo Alto Networks, CrowdStrike | 7.0% |
| 6 | Data Center & Infrastructure ETF | Equinix, Digital Realty | 6.5% |
| 7 | Software-as-a-Service (SaaS) ETF | Salesforce, Adobe, Oracle | 6.0% |
| 8 | Future Mobility & EV Tech ETF | Tesla, Nio, Aptiv | 5.5% |
| 9 | Biotech & Healthcare Tech ETF | Illumina, Vertex Pharma | 5.0% |
| 10 | Gaming & Metaverse Tech ETF | Roblox, Unity Software | 4.0% |
This illustrative portfolio shows a strong concentration in the technology sector, particularly in sub-segments like AI, cloud computing, and semiconductors. Any single underlying thematic exposure (via an ETF) above 8% indicates a significant conviction in that specific technology sub-theme. Given its specialized nature, investors should be aware of potential overlap with other global technology-focused funds they might hold, and its performance will largely mirror the global technology market trends, particularly those impacting the S&P 500 tech component.
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How Risky Is Mirae Asset Global X AI & Tech ETF FOF Compared to Its Peers?
Assessing the risk profile of the Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund (Direct Plan-Growth) involves examining key metrics relative to its category peers and benchmark. As a thematic Fund of Fund investing globally, it inherently carries higher risks, including currency fluctuation risk and geopolitical risks, in addition to market volatility.
Note: Risk metrics below are illustrative for a global thematic technology FOF as of July 2026. Actual metrics are subject to market conditions and fund-specific factors.
| Risk Metric | This Fund (Illustrative) | Category Average (Illustrative) |
|---|---|---|
| Standard Deviation | 18.5% | 17.0% |
| Beta | 1.15 | 1.05 |
| Sharpe Ratio | 0.90 | 0.85 |
| Sortino Ratio | 1.30 | 1.20 |
| Alpha | 2.5% | 1.8% |
The illustrative Standard Deviation of 18.5% indicates that this fund's returns have historically been more volatile than the category average (17.0%). A Beta of 1.15 suggests it is likely to be 15% more volatile than the broader market, making it a higher-risk proposition. However, its illustrative Sharpe Ratio of 0.90 (higher than the category average of 0.85) suggests it has potentially generated better risk-adjusted returns for the level of risk taken. The Sortino Ratio of 1.30, also higher than the category, implies better returns for downside risk. An Alpha of 2.5% (illustrative) indicates that the fund has potentially generated 2.5% excess return over what would be expected given its beta, demonstrating active management skill or strong thematic tailwinds. Investors should carefully consider these metrics to understand the fund's specific risk-return trade-off. For deeper insights into these metrics, explore our articles on alpha and beta and Sharpe Ratio.
Analyse This on BullWiser — Free
BullWiser's MF Analyser surfaces TER drag, BullWiser Score, Sharpe Ratio, Alpha, Beta, and rolling returns for any Indian mutual fund. Compare funds side by side or upload your CAS statement to diagnose your full portfolio's weighted expense load and overlap.
Open BullWiser MF Analyser →Who Should (and Should Not) Invest in Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund?
The Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund (Direct Plan-Growth) is designed for a specific cohort of investors. Ideal investors are those with a very high risk tolerance, who understand the inherent volatility of global technology investments and currency fluctuations. A minimum recommended time horizon of 7-10 years is crucial to allow the fund to navigate market cycles and realise its growth potential. This fund suits individuals looking to diversify their portfolio beyond Indian equities and seeking exposure to futuristic themes like AI, cloud computing, and semiconductors, potentially allocating 5-15% of their total equity portfolio as a satellite holding for long-term capital appreciation.
Conversely, this fund is a poor fit for conservative investors or those with a low to moderate risk appetite. Individuals with a short-term investment horizon (under 5 years) or those who cannot withstand significant capital fluctuations should avoid this fund. Given its illustrative Beta of 1.15 and higher Standard Deviation compared to the category average, it is not suitable for investors seeking stability or capital preservation. Retirees or those nearing retirement who prioritize income generation or capital protection should also steer clear.
In a diversified portfolio, this fund functions best as a satellite component, providing thematic exposure that can boost overall returns during periods of strong global tech performance. It should not constitute a core holding due to its concentrated thematic nature and elevated risk profile. Allocating more than 15-20% of the equity portfolio to this single thematic fund could introduce meaningful concentration risk, disproportionately impacting overall portfolio volatility and returns.
Frequently Asked Questions About Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund
Is Mirae Asset Global X AI & Tech ETF FOF good for long-term SIP investment?
Yes, for long-term investors with high risk tolerance seeking global technology exposure, this fund can be suitable for SIPs. Thematic funds like this are best held for over 7-10 years to potentially ride out market cycles. This fund aims for long-term capital appreciation.
What is Mirae Asset Global X AI & Tech ETF FOF's direct plan expense ratio in 2026?
As of July 2026, the illustrative direct plan Total Expense Ratio (TER) for Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund (Direct Plan-Growth) is approximately 0.65%. Actual TERs are subject to change and should be verified on the AMFI website. This is a competitive expense for a thematic FOF.
Who manages Mirae Asset Global X AI & Tech ETF FOF and how long have they been in charge?
The Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund is managed by a dedicated fund management team at Mirae Asset Mutual Fund. For specific manager names and tenure, it's best to refer to the fund's latest Scheme Information Document (SID) on the AMFI portal. Fund manager experience is crucial for FOFs.
How has Mirae Asset Global X AI & Tech ETF FOF performed over the last 5 years?
The Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund is a relatively newer offering, so a 5-year performance history is not yet available. However, its underlying global AI and tech ETFs have shown significant growth over the last five years. Performance is always subject to market conditions.
Is Mirae Asset Global X AI & Tech ETF FOF better than an alternative global tech FOF?
Comparing Mirae Asset Global X AI & Tech ETF FOF to an alternative global tech FOF requires a detailed analysis of their underlying ETF portfolios, expense ratios, and risk metrics. BullWiser's MF Analyser can help you compare these funds side-by-side to determine which aligns better with your investment objectives. Each fund has unique nuances.
Is it safe to invest in Mirae Asset Global X AI & Tech ETF FOF right now?
Safety in investing is relative, and no mutual fund guarantees returns or capital protection. As a thematic Fund of Fund focusing on global AI and technology, it carries higher market volatility and currency risks. Investors should align their investment horizon and risk appetite with the fund's profile before investing. It's important to assess your personal risk tolerance.
Disclaimer: This article is for educational and informational purposes only and does not constitute investment advice or a solicitation to transact in any security. Mutual fund investments are subject to market risks. Past performance is not indicative of future returns. All regulatory data referenced is subject to change — verify current SEBI and AMFI guidelines on official sources. Consult a SEBI-registered investment adviser before making any financial decision.
For a complete list of SEBI-registered investment advisers, visit the official SEBI portal: SEBI Registered Investment Advisers.