Paytm launches Mirae Asset’s NYSE FANG+ ETF & Direct MF to make investing easier
National, 14 June 2021: Paytm Money has recently launched Mirae Asset’s NYSE FANG+ ETF and Direct Mutual Fund to make investing in American stocks easier for local traders in India. Thanks to the new offering, traders will have exposure to leading 10 tech stops from the United States.
These stocks include companies like Facebook, Amazon, Netflix, Google, Apple, Alibaba, Baidu, Nvidia, Tesla, and Twitter. Over the past year, the NYSE FANG+ Index has managed to deliver more than 102 percent of return. According to the representatives of Paytm, the new offering is expected to attract a higher demand in the market.
Paytm is a leading digital financial services provider in India, and the new offering is by the subsidiary of the company called Paytm Money. This new move is expected to empower the retail investors of India and give them access to leading tech stocks of the American market.
What is NYSE FANG+ ETF?
NYSE FANG+ Index is a focused index and includes original FANG companies in addition to 6 tech leaders in the market. Most of the companies in the focused index are household names for millions of retail traders in India.
The index is expected to be a huge success in the retail trading market of India. This is not all, however, as Mirae Asset is also launching a mutual fund scheme in the country. The NYSE FANG+ ETF is the lowest cost alternative for local traders.
This step will enable local traders to further diversify a portfolio and have international exposure. This is a very important step for the local traders in the country, and not only in terms of stock traders but for the larger investing market as well.
What can this lead to?
There has always been a huge debate around the ETF globally, as well as in the United States. Many retail investors have talked about the importance of ETFs in a number of markets, such as crypto trading, for instance.
The adoption of NYSE FANG+ ETF in India gives another array of hope for crypto traders that there might actually be a palace for crypto ETFs to shine.
Considering the recent turn of events in India and rethinking the ban on cryptos, there actually is a great chance for ETF cryptos to blossom in India. Granted, there is a need for demand from local investors.
That said, there is a huge chance of the ETF market further developing and including other markets, specifically crypto. This, in turn, can have a huge impact on the whole cryptocurrency market not only in India but around the world as well.
India is a huge crypto player. Although there were some concerns about the Indian government banning the holding as well as trading cryptos, the recent developments indicated that the demand in the country is simply too big to single-handedly ban it.
Crypto trading in India
India represents one of the largest markets for crypto trading. Although there is no official data, it is thought that there are millions of people who are trading crypto every day in the country. The majority of the crypto traders are the younger generation of the country, who are very interested in modern technology.
Although the government of the country was considering a ban on the crypto trading market, it has become more popular among the younger generation after the crypto price boom of 2021.
In fact, it was recently reported by unidentified sources that leading crypto exchanges around the world are looking for ways to enter the Indian market. There are several things that make the Indian market so attractive for crypto exchanges around the world. Among them is the huge interest demonstrated by the younger generation of India, as well as the fact that there still is huge room for growth in the Indians crypto exchange market.
Crypto has something for everyone, there are many companies that have developed trading bots that make investing in crypto a lot easier and more time-efficient. One of such trading bots is https://bitsgap.com/, which is available on numerous exchanges, such as Binance, for example.
What is the NYSE FANG+ ETF so important?
The adoption of NYSE FANG+ ETF makes accessing the crypto trading market easier as well as more accessible for traders in the country. The focused index includes leading tech companies around the world, which are very popular among tech enthusiasts in India.
The new focused index introduction by Paytm Money opens the door for the further development of the ETF market in the country, which can influence the changes around the world as well. This is especially true for the crypto market. The discussion about crypto ETFs has been ongoing for some time now, and because of the size of the Indian crypto market, its development here can be influential for the whole market around the world.
