@lekky Let me break down the differences between Mirae Asset NYSE FANG+ ETF and Motilal Oswal NASDAQ 100 FoF for you!
First off, if you're thinking about Mirae Asset NYSE FANG+ ETF, you're basically looking at an investment strategy that zeroes in on the NYSE FANG+ Index. This index is made up of 10 big tech companies like Facebook, Amazon, Netflix, and Google, with each holding an equal share. Now, if you're considering the Motilal Oswal NASDAQ 100 FoF, you'll be tracking the NASDAQ 100 index, which includes a whopping 100 large companies listed on the NASDAQ Stock Exchange, giving you a mix of well-established players and newer ones in the tech scene.
When it comes to spreading your investment risks, Mirae Asset NYSE FANG+ ETF is more about focusing on those big tech names, while Motilal Oswal NASDAQ 100 FoF gives you a wider range of companies beyond just the FANG+ stocks, which could potentially lower your risk as an investor.
It's worth noting that Motilal Oswal NASDAQ 100 FoF is available for trading on the NSE/BSE, whereas Mirae Asset NYSE FANG+ ETF isn't listed on these exchanges. Also, there's a new rule from SEBI that affects all mutual funds and ETFs dealing with foreign securities, but its impact might differ for each ETF due to their different setups and indices.
Both ETFs aim to closely track their respective indices, but there might be slight variations due to things like tracking errors, currency fluctuations, and liquidity. As you keep an eye on how they're doing, remember that during Indian trading hours, the ETF price on local exchanges is determined by supply and demand. And even though the US market operates on different hours, the ETF price adjusts based on how the index is performing during our trading hours.
If you're thinking about investing in international ETFs, keep in mind the risks like currency fluctuations and market ups and downs. Take your time to understand each ETF's features and think about what you want to achieve with your investment before making any decisions. Hope this clears things up for you!