Mirae Asset's 'TIGER India Nifty 50' Surpasses 10 Billion KRW in Net Purchases by Individuals Within One Month of Listing

Mirae Asset Global Investments announced on the 19th that the ‘TIGER India Nifty 50 ETF’ surpassed 10 billion KRW in net purchases by individual investors within just one month of its listing.

According to the Korea Exchange, the ‘TIGER India Nifty 50 ETF,’ which was listed in April, recorded net purchases by individuals of 11.4 billion KRW as of the closing price on the 18th. After surpassing 10 billion KRW in net purchases by individuals within one month of listing, it became the most sold India investment ETF listed domestically to individual investors this year. Since its listing date, there has not been a single day of net selling by individuals, with steady capital inflows.

The ‘TIGER India Nifty 50 ETF’ is an ETF that invests in the ‘Nifty 50 Index,’ a representative index of India. This index includes the top 50 stocks listed on the National Stock Exchange (NSE) of India based on free-float market capitalization. Recently, as the U.S. has shown moves to restructure supply chains excluding China and Russia, emerging countries such as India are gaining attention as new economic hubs, and the Indian stock market is on an upward trend. Domestic individual investors’ buying momentum toward the Indian market is also strengthening.

In particular, the ‘TIGER India Nifty 50 ETF’ is the first physical ETF in Korea that directly holds Indian stocks. A physical ETF incorporates actual stocks into its portfolio rather than index futures, reducing fees. The total expense ratio of this ETF is 0.19%, which is the lowest among India investment ETFs listed domestically. Additionally, it can be invested in through pension accounts such as individual pensions and retirement pensions.

Lee Doseon, manager of the ETF Management Division at Mirae Asset Global Investments, said, “Despite the challenging global macro environment last year, including high inflation and an interest rate hike trend, the Indian stock market showed resilience by recording decent returns,” adding, “Individual investors can access the Indian stock market, which is difficult to invest in directly, more conveniently and efficiently through the ‘TIGER India Nifty 50 ETF.’”

This content was produced with the assistance of AI translation services.