1719068924

Global X India Select Top 10 ETF

3184 HKD

Invest in 3184

Important Information

Investors should not base investment decisions on this website alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:

  • Global X India Select Top 10 ETF (the “Fund”) seeks to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the Mirae Asset India Select Top 10 Index (the “Underlying Index”).
  • The Underlying Index is a new index. The Underlying Index has minimal operating history by which investors can evaluate its previous performance. There can be no assurance as to the performance of the Underlying Index. The Fund may be riskier than other exchange traded funds tracking more established indices with longer operating history. The Underlying Index is an equal weighted index whereby the Underlying Index constituents will have the same weighting at each rebalancing (but not between each rebalancing) regardless of its size or market capitalisation based on the methodology of the Underlying Index.
  • The Fund is a FPI registered with the SEBI. The applicable laws, rules and guidelines on FPI impose limits on the ability of FPI to acquire shares in certain Indian issuers from time to time and are subject to change. This may also adversely affect the performance of the Fund. The FPI status of the Fund may be revoked by the SEBI under certain circumstances. In the event the Fund’s registration as a FPI is cancelled, revoked, terminated or not renewed, this would adversely impact the ability of the Fund to make further investments, or to hold and dispose of existing investment in Indian securities. The Fund may be required to liquidate all holdings in Indian securities acquired by the Fund as a FPI. Such liquidation may have to be undertaken at a substantial discount and the Fund may suffer significant/substantial losses.
  • The Fund’s investments are concentrated in securities in India. The Fund’s value may be more volatile than that of a fund with a more diverse portfolio. The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the Indian market.
  • The Fund’s investments are concentrated in companies in various sectors and themes including communication services, information technology, financials, health care, consumer staples and consumer discretionary, industrials and energy. Fluctuations in the business for companies in these sectors or themes will have an adverse impact on the Net Asset Value of the Fund.
  • The number of constituents of the Underlying Index is fixed at 10. The Fund by tracking the Underlying Index may have a more concentrated investment portfolio than it would have held if tracking an index with a higher number of constituents, leading to higher risks of volatility.
  • High market volatility and potential settlement difficulties in the equity market in India may result in significant fluctuations in the prices of the securities traded on such market and thereby may adversely affect the value of the Fund. The BSE has the right to suspend trading in any security traded thereon. The Indian government or the regulators in India may also implement policies that may affect the Indian financial markets. There may also be difficulty in obtaining information on Indian companies as disclosure and regulatory standards in India are less stringent than those of developed countries.
  • The taxation of income and capital gains in India is subject to the fiscal law of India. The tax rate in respect of capital gains derived by a FPI on transfer of securities will vary depending upon various factors. Any increased tax liabilities on the Fund may adversely affect the Net Asset Value of the Fund. Any shortfall between the provision and the actual tax liabilities, which will be debited from the assets of the Fund, will adversely affect its Net Asset Value. For details, please refer to the section headed “Taxation in India” in the Prospectus.
  • Underlying investments of the Fund may be denominated in currencies other than the base currency of the Fund. In addition, the base currency of the Fund is USD but the trading currency of the Fund is in HKD. The Net Asset Value of the Fund and its performance may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.
  • As part of the securities lending transactions, there is a risk of shortfall of collateral value due to inaccurate pricing of the securities lent or change of value of securities lent. This may cause significant losses to the Fund. The borrower may fail to return the securities in a timely manner or at all. The Fund may as a result suffer from a loss or delay when recovering the securities lent out. This may restrict the Fund’s ability in meeting delivery or payment obligations from redemption requests.
  • The trading price of the Units on the SEHK is driven by market factors such as the demand and supply of the Units. Therefore, the Units may trade at a substantial premium or discount to the Fund’s Net Asset Value.
  • Payments of distributions out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions involving payment of dividends out of capital or effectively out of capital of the Fund may result in an immediate reduction in the Net Asset Value per Unit of the Fund and will reduce the capital available for future investment.

Why Global X India Select Top 10 ETF?

High Growth Potential

Global X India Select Top 10 ETF enables investors to access India, deemed as long-term high growth market.

Concept of Sector Leaders

The Fund provides access to sector-leading companies in India where large corporates are active to pursue growth and enjoy funding advantage compared to smaller size corporates where funding costs remain high.

Targeted portfolio

The Fund offers uniquely targeted Indian portfolio by selecting the top ten most representative companies in the Indian stock market.

Fund InformationAs of 20 Jun 2024

Fund Inception Date 18 Mar 2024
SEHK Listing Date 19 Mar 2024
Fiscal Year Ending 31 Mar
Ongoing Charges Over A Year ^ 0.68%
Distribution Frequency Annually (usually in May of each year) at the Manager’s discretion.*
NAV Per Share HKD $54.53
^ The Fund adopts a single management fee structure, whereby a single flat fee will be paid out of the assets of the Fund to cover all of the costs, fees and expenses of the Fund. Click to learn more. * Dividend is not guaranteed, distributions may be made out of capital or income at the Manager’s discretion. Positive distribution does not imply positive return. Please refer to the IMPORTANT INFORMATION section above and the Fund’s prospectus for further details.

Index Information 1 As of 20 Jun 2024

Underlying Index Mirae Asset India Select Top 10 Index 2
Index Type Net Total Return
Base Currency USD
Closing Level -
Change -
Change % -

Trading InformationAs of 20 Jun 2024

Exchange Hong Kong Stock Exchange
Stock Code 3184
ISIN HK0000962933
Board Lot Size 50 Units
Trading Currency HKD
Total Net Asset Value $160,027,327.64
Outstanding Units 2,934,750

ETF Summary

The Fund seeks to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the Mirae Asset India Select Top 10 Index (the “Underlying Index”).

ETF Prices

* Market prices are provided on a 15-minute delayed basis by ICE Data Services. (See terms and conditions)

Daily NAV per Unit4As of 20 Jun 2024

NAV Change % Change
Official NAV per Unit in USD $6.99 $-0.01 -0.11%
NAV per Unit in HKD 5 $54.53 $-0.06 -0.11%

Performance

Cumulative Return Fund NAV (%) Benchmark (%)
1 Mth - -
3 Mths - -
6 Mths - -
1 Yr - -
YTD - -
Since Inception - -
Calendar Year Return Fund NAV (%) Benchmark (%)
2023 - -
2022 - -
2021 - -
2020 - -
2019 - -
^ Since listing date to the end of the calendar year.
Source: Mirae Asset Global Investments (Hong Kong) Limited.
• Past performance information is not indicative of future performance. Investors may not get back the full amount invested.
• The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested.
• These figures show by how much the Fund increased or decreased in value during the calendar year shown.
• Performance data has been calculated in USD including ongoing charges and excluding trading costs on SEHK you might have to pay.
• Where no past performance is shown there was insufficient data available in that year to provide performance.
• The Index of the Fund is Mirae Asset India Select Top 10 Index.
• Fund inception date: 18 Mar 2024.

Holdings Overview As of 20 Jun 2024

Total Net Asset Value (in HKD) Total Net Asset Value (in USD) Number of Securities Securities (%) Cash and Cash Equivalent (%)
160,027,327.64 20,505,282.75 10 99.88 0.12

Daily HoldingsAs of 20 Jun 2024

Name of Securities Exchange Ticker Exchange Market Price (in USD) Number of Shares Held Market Value (in USD) Net Assets (%)
BHARTI AIRTEL LTD BHARTI IN India 16.51 155,974 2,575,172.40 12.56
RELIANCE INDUSTRIES LTD RELIANCE IN India 35.23 63,526 2,238,225.51 10.92
SUN PHARMACEUTICAL INDUS SUNP IN India 17.58 126,289 2,220,707.96 10.83
ICICI BANK LTD ICICIBC IN India 13.83 154,350 2,134,411.56 10.41
LARSEN & TOUBRO LTD LT IN India 42.97 46,188 1,984,608.54 9.68
TATA CONSULTANCY SVCS LTD TCS IN India 45.27 43,059 1,949,400.91 9.51
INFOSYS LTD INFO IN India 18.12 104,684 1,896,360.25 9.25
HDFC BANK LIMITED HDFCB IN India 19.96 94,383 1,883,451.45 9.19
HINDUSTAN UNILEVER LTD HUVR IN India 29.67 61,871 1,835,849.85 8.95
TITAN CO LTD TTAN IN India 41.07 42,924 1,763,032.32 8.60
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.

Tracking Difference / Error

Tracking Difference / Tracking Error

Tracking Difference
Tracking difference is the return difference between the Fund and the Underlying Index over a certain period of time.
Tracking Error
Tracking error measures how consistently the Fund follows the Underlying Index. It is the volatility (measured by standard deviation) of that return difference.

Tracking Difference (TD)

Fund Listing Date:19 Mar 2024

Estimated Annual TD: -2.00%

TD (Since Listing): N/A%

Tracking Error (TE)

Fund Listing Date:19 Mar 2024

Rolling 1 Year TE^ :N/A%

^ Annualized based on the number of dealing days in the past year when daily TD is calculated.


Graph for Tracking Difference

ETFs performance is calculated on an NAV to NAV basis and assumes reinvestment of distribution.

Hover over the chart points for details

Market Makers 6

Mirae Asset Securities Co., Limited

China Merchants Securities (HK) Co., Ltd

Participating Dealers 7

Mirae Asset Securities (HK) Limited

Haitong International Securities Company Limited

Huatai Financial Holdings (Hong Kong) Limited

China Merchants Securities (HK) Co., Limited

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This website is intended for Hong Kong investors only. Your use of this website means you agree to our Terms of use. This website is strictly for informational purposes only and does not constitute a representation that any investment strategy is suitable or appropriate for an investor’s individual circumstances. In 2018, Global X was acquired by Mirae Asset Global Investments and Mirae Asset Global Investments Co., Ltd. is the parent company of Mirae Asset Global Investments (Hong Kong) Limited.

The information contained in this website is for information purposes only and does not, constitute any recommendations, offer or solicitation to buy, sell or subscribe to any securities or financial instruments in any jurisdiction. Investment involves risk. It cannot be guaranteed that the performance of the Product will generate a return and there may be circumstances where no return is generated or the amount invested is lost. Past performance is not indicative of future performance.

Before making any investment decision to invest in the Product, investors should read the Product’s prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Product and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investments.

Certain information contained in this website is compiled from third party sources. Whilst Mirae Asset Global Investments (Hong Kong) Limited (“Mirae Asset HK”), the Manager of the Product, has, to the best of its endeavor, ensured that such, information is accurate, complete and up-to-date, and has taken care in accurately reproducing the information. Mirae Asset HK accepts no liability for, any loss or damage of any kind resulting out of the unauthorized use of this website.

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