Mirae Asset's 'TIGER India Nifty 50 ETF' Surpasses 600 Billion KRW in Net Assets

Mirae Asset Global Investments announced on the 16th that the net assets of the 'TIGER India Nifty 50 ETF' have surpassed 600 billion KRW.

According to the Korea Exchange, as of the closing price on the 14th, the net assets of the 'TIGER India Nifty 50 ETF' stand at 636.5 billion KRW. This is the largest scale among India investment ETFs listed domestically, and it is the first time net assets have exceeded 600 billion KRW.

The 'TIGER India Nifty 50 ETF' is an ETF that invests in the representative Indian index, the 'Nifty 50 Index.' The Nifty 50 Index includes the top 50 stocks listed on the National Stock Exchange of India (NSE) based on free-float market capitalization, and it has risen more than 11 percentage points since the beginning of the year. Reflecting this upward trend in the Indian stock market, the 'TIGER India Nifty 50 ETF,' which was listed on April 14, 2023, has seen a cumulative net purchase by individuals amounting to 209.3 billion KRW, making it the ETF with the largest inflow of funds among domestic India investment ETFs during this period.

The 'TIGER India Nifty 50 ETF' is gaining attention by providing investment opportunities in India to domestic individual investors who face limitations in directly investing in the Indian stock market. India is emerging as a global production hub replacing China, attracting massive global investment funds. Furthermore, with Prime Minister Modi's recent successful re-election, policy continuity is strengthened, leading to positive economic development prospects.

Lee Doseon, manager of the ETF management division at Mirae Asset Global Investments, said, "The Indian stock market has been on an eight-year consecutive upward rally since 2015, making it an attractive long-term investment destination," adding, "Individual investors can conveniently invest in the Indian market, which is difficult to access directly, through the largest domestic 'TIGER India Nifty 50 ETF.'"

Mirae Asset Global Investments is conducting an event for investors in the 'TIGER India Nifty 50 ETF.' From the 16th to the 30th, customers who certify ownership of the 'TIGER India Nifty 50 ETF' will be entered into a draw to receive gifticons. Detailed event information can be found on the TIGER ETF website.