Taking exposure to tech-heavy NASDAQ composite has become easier - Know more!
NASDAQ composite is a tech-heavy index that has been a world beating index in 2020.
NASDAQ composite is a tech-heavy index that has been a world beating index in 2020. As we speak, NASDAQ is making life highs for itself. FAANG (Facebook, Apple, Amazon, Netflix and Google) were in vogue as the world economy had to deal with the forced lockdowns. Everybody who was into the equity market wanted a pie of these trending FAANG stocks.
Investing in the NASDAQ ETF was one of the best ways to take exposure to such high growth technology oriented. Indian investors could take exposure to the NASDAQ composite via Motilal Oswal Mutual Fund's NASDAQ 100 ETF.
Recently Motilal Oswal Mutual Fund decided to split the NASDAQ ETF NAV by 1:10. The Motilal Oswal NASDAQ ETF was trading at a NAV of 1005 on 18th June, 2021. After the split the NAV will drop by tenth and trade near Rs 100 per unit.
The split will never cause any change in wealth for the investors, however lower NAV tends to attract more buyers as the lower NAV allows more investors to take exposure at smaller capital. It is simple - one can with as small an amount as Rs 100, take exposure to tech heavy index that has some of the world's best growth oriented innovative basket of technology stocks.
International investing trend is fast catching investors attention in India. Recently it is seen that several international funds denominated in indian currency are outperforming its Indian peers over 5 year period.