Mirae Asset 'TIGER India Nifty 50 ETF' Surpasses 700 Billion KRW in Net Assets

The First Listed India Investment ETF in Korea

Mirae Asset Global Investments announced on the 12th that the net assets of the 'TIGER India Nifty 50 ETF' have surpassed 700 billion KRW.

According to the Korea Exchange, as of the closing price on the 11th, the net assets of the 'TIGER India Nifty 50 ETF' stand at 730.5 billion KRW. This is the first time that a domestically listed India investment ETF has exceeded 700 billion KRW in net assets. The ETF, which had net assets of around 200 billion KRW at the end of last year, surpassed 500 billion KRW on July 24 and increased its net assets to 700 billion KRW in about two months. It has become the representative India investment ETF for domestic investors.

The 'TIGER India Nifty 50 ETF' invests in the 'Nifty 50 Index,' a leading Indian index. The Nifty 50 Index comprises the top 50 stocks listed on the National Stock Exchange (NSE) of India based on free-float market capitalization. It has risen more than 14% since the beginning of the year. Reflecting this upward trend in the Indian stock market, the 'TIGER India Nifty 50 ETF' recorded a cumulative net purchase by individuals of 214.5 billion KRW since its listing as of the 11th, attracting the largest inflow of funds among India investment ETFs listed domestically 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, this year, Prime Minister Modi secured a third term and is promoting economic growth, unemployment reduction, and income improvement through policies to revitalize manufacturing and foster startups.

Lee Doseon, manager of the ETF management division at Mirae Asset Global Investments, said, "Recently, the IMF raised India's economic growth forecast for this year to 7%, expecting India to lead emerging market economic growth in the future. Individual investors can conveniently invest in the Indian market, which is difficult to access directly, through the largest domestic 'TIGER India Nifty 50 ETF.'"