Mirae Asset's TIGER India Billion Consumer Surpasses 80 Billion KRW in Net Assets

Mirae Asset Global Investments announced on the 11th that the net assets of the ‘TIGER Indo Billion Consumer ETF’ have surpassed 80 billion KRW.

According to the Korea Exchange, as of the closing price on the 10th, the net assets of the ‘TIGER Indo Billion Consumer ETF’ stand at 89.1 billion KRW. It exceeded 80 billion KRW in net assets within one month since its new listing on the 14th of last month.

The TIGER Indo Billion Consumer ETF is the most chosen India investment ETF by individual investors among those listed domestically. From the listing date to the 10th, the cumulative net purchase by individuals amounted to 19 billion KRW, ranking first among India investment ETFs listed in Korea during that period.

The TIGER Indo Billion Consumer ETF invests in the top 20 representative consumer goods companies in India with growth potential. Key holdings include Tata Motors, India’s leading electric vehicle and commercial vehicle company; Titan Company, India’s luxury jewelry brand; Zomato, the Indian equivalent of Baedal Minjok (a food delivery platform); and Hindustan Unilever, India’s largest consumer goods company.

India is expected to grow into the world’s largest labor and consumer market due to its young and abundant population. Notably, over 60% of its total GDP is composed of private consumption expenditure. The Indian consumer market is regarded as a theme that can directly benefit from economic growth. Even during the period when India’s major indices, the Nifty 50 and Sensex, declined following the general election, the consumer goods sector recorded relatively stable performance supported by a robust domestic economy and corporate profits.

Jongmin Lee, Manager of the Global ETF Management Division at Mirae Asset Global Investments, said, “With Prime Minister Modi’s successful third term, political uncertainty has been resolved, and the benefits of supply chain restructuring along with sustained high economic growth indicate structural growth in the Indian consumer goods sector from a mid- to long-term perspective.” He added, “Through the TIGER Indo Billion Consumer ETF, investors can invest in the consumer market that fully benefits from India’s GDP growth.”