On April 14, Mirae Asset Global Investments announced that it will list the TIGER India Nifty 50 ETF (453870) on the Korea Exchange. This ETF invests in blue-chip companies that lead the Indian economy in the Indian market, and it has unlimited growth potential.
India is the fastest-growing country in the world due to its huge consumer market of 1.4 billion people. Its growth potential is increasing further as young and abundant human resources are added to the government's active efforts to revive the economy and a favorable environment.
Additionally, the global supply chain reorganization movement around the world, which centers on the U.S., has recently begun, and India is expected to emerge as a global production base in the future.
The basic index of the TIGER India Nifty 50 ETF is the Nifty 50 Index, which includes the top 50 stocks based on liquidity ratio market capitalization among stocks listed on the Indian Exchange (NSE). The index has recorded significant excess returns compared to other major stock markets in all aspects of short-term, medium-term, and long-term.
The average annual growth rate over the past 30 years has been about 14%, and it has shown good returns despite the difficult international stock market due to inflation and interest rate hikes last year.
The TIGER India Nifty 50 ETF invests in major incorporated stocks, with finance accounting for the highest proportion at 36.8%. IT, energy, essential consumer goods, economic consumer goods, materials, and industrial goods also have significant proportions. Unlike other emerging countries, IT and telecommunications companies account for a high proportion. Examples of these companies include RELIANCE INDUSTRIES, INFOSYS, and TATA CONSULTANCY.
Recently, global big tech companies such as Google and Intel are entering India in earnest, and the growth potential of Indian IT and telecommunications companies is increasing, with Apple announcing plans to produce the iPhone 14 in India earlier.
Song Min-kyu, senior manager of the ETF management division at Mirae Asset Global Investments, said, "The TIGER India Nifty 50 ETF is expected to invest in the growth potential of the Indian market, which global investors evaluate most attractively."
Meanwhile, Mirae Asset Global Investments, which established a local subsidiary in Mumbai, India in 2006, is currently recognized for its expertise in the Indian market, growing to be the ninth-largest operator in India. Mirae Asset Global Investments India is the only independent foreign capital operator in India, with 21 trillion won in trust and 5.5 million accounts as of the end of 2022.
