Mirae Asset Hang Seng TECH ETF
Fund Overview
The Mirae Asset Hang Seng TECH ETF is a high-risk, thematic, and geographically focused fund. It provides investors with exposure to the top 30 technology businesses listed in Hong Kong, including major Chinese IT giants.
This ETF is designed for sophisticated investors with a high risk tolerance and a long-term investment horizon (5-7 years) who aim to capitalize on the potential growth of China's technology sector.
Tata Silver ETF: Price, Performance & Investment Guide
| Fund Name | Mirae Asset Hang Seng TECH ETF |
|---|---|
| Ticker Symbols | NSE: MAHKTECH, BSE: 543414 |
| Fund Type | Open-ended ETF replicating an international index. |
| Investment Objective | To generate returns commensurate with the performance of the Hang Seng TECH Total Return Index, subject to tracking error and forex movement. |
| Allotment Date | 6th December 2021 |
| Benchmark | Hang Seng TECH Index (TRI) (INR) |
| Fund Manager | Mr. Siddharth Srivastava |
Key Financials & Risk Profile (as of April 30, 2025)
The AUM is healthy, indicating decent liquidity. The low tracking error of 0.13% is excellent, suggesting the fund manager is effectively replicating the index. The TER of 0.56% is reasonable for an international equity fund.
Holdings & Asset Allocation (as of April 30, 2025)
The fund is entirely concentrated in the Technology sector, with sub-sector diversification across E-commerce, Gaming, Social Media, Semiconductors, and Electric Vehicles.
| Holding | % of Assets | Sector/Industry |
|---|---|---|
| Xiaomi Corporation | 8.59% | Consumer Electronics |
| Tencent Holdings Ltd. | 8.45% | Social Media / Gaming |
| Alibaba Group | 8.00% | E-commerce / Cloud |
| SMIC | 7.92% | Semiconductors |
| Meituan | 7.03% | E-commerce / Delivery |
| JD.com Inc | 6.94% | E-commerce |
| Kuaishou Technology | 6.61% | Social Media |
| Li Auto Inc | 5.60% | Electric Vehicles |
| XPeng Inc | 5.02% | Electric Vehicles |
| Netease Inc | 4.92% | Gaming / Online Services |
| Total of Top 10 | 69.08% |
Mirae Asset Gold ETF NAV, Returns & Review
Performance & Returns Analysis
Lump-Sum Investment Performance (as of April 30, 2025)
The fund exhibits extreme volatility. A remarkable 40.82% return in the last year follows a period of very poor performance, as shown by the near-zero return since inception.
| Period | ETF Returns | Benchmark Returns | Tracking Difference |
|---|---|---|---|
| Last 1 Year | 40.82% | 41.80% | -0.98% |
| Last 3 Years (CAGR) | 8.55% | 9.30% | -0.75% |
| Since Inception (CAGR) | 0.08% | 0.79% | -0.71% |
SIP Performance (Benchmark Index)
The low SIP returns over 5 and 10 years underscore the fund's volatile nature and highlight that past performance is not indicative of future results. This is not a fund for steady, reliable returns.
| Period | Monthly SIP | Total Invested | Value of Investment | XIRR |
|---|---|---|---|---|
| 5 Years | ₹10,000 | ₹6,00,000 | ₹6,13,681 | 0.9% |
| 10 Years | ₹10,000 | ₹12,00,000 | ₹14,80,956 | 4.3% |
Peer Comparison: ETF vs. Fund of Fund (FoF)
Cost is a crucial factor for long-term investors. Investing directly in the ETF is cheaper than its FoF counterpart.
| Parameter | Mirae Asset Hang Seng TECH ETF | Mirae Asset Hang Seng TECH FoF (Direct) |
|---|---|---|
| How to Invest | Demat Account Required | No Demat Required |
| Total Cost (TER) | 0.56% | ~0.66% (0.10% FoF fee + 0.56% ETF fee) |
| AUM (in Crore) | ₹358.56 | ₹86.78 |
| 1-Year Return | 40.82% | 67.62%* |
*Note: Discrepancy in returns is likely due to different calculation periods or tracking nuances between the products.
Key Risk Factors
This fund carries significant risks due to its concentrated nature. Investors must be aware of the following:
Regulatory Risk
The Chinese government has a history of imposing abrupt and stringent controls on its tech companies, which can severely impact stock values. This remains the single greatest risk.
Geopolitical Risk
Tensions between the US and China can lead to trade restrictions, sanctions, or the delisting of Chinese companies from US exchanges, negatively affecting investor sentiment and stock prices.
Concentration Risk
Investing in a single sector (technology) within a single region (China/Hong Kong) is inherently risky. Any adverse event affecting this specific area or industry will have a magnified impact on the fund.
Currency Risk
The fund's returns are subject to fluctuations in the HKD/INR exchange rate. If the Indian Rupee strengthens against the Hong Kong Dollar, it will negatively impact the returns for an Indian investor.