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(An open-ended fund of fund scheme investing in overseas equity Exchange Traded Funds which are based on companies involved in development of
Electric & Autonomous Vehicles and related technology, components and materials)
New Fund Offer (NFO) starts on: 16th August 2022 | New Fund Offer (NFO) closes on: 30th August 2022 Allotment Date: 07th September 2022
Scheme re-opens for continuous Sale and Repurchase : 08th September 2022
Mirae Asset Global Electric & Autonomous Vehicles
ETFs Fund of Fund
Current Status of Electric Vehicle Market
The Future is Electric
Lifetime Fuel Consumption~
30,000 litres of fuel burned per car (₹ 30L) v/s 70 MWh of Electricity
charged per car (₹ 4.2L).
Rising Fuel Prices
Payback period of shifting to an EV could shorten to 3 years if crude oil
prices increases to $120/bbl.
Environmental Impact
30 tons of CO2 v/s 70 tons of CO2 is released into the atmosphere.
Government Incentives
Subsidies and tax credits for electric vehicles and infrastructure increases
rate of adoption.
Enhanced Road Safety
Full Self Driving (FSD) autonomous vehicle technology is involved in
accidents 10 times less than human drivers.
Falling Prices
Declining Battery Cost is further expected to lower the cost of EV and boost
its demand in the coming future.
Source: Goldman Sachs Investment Research EV Report 2022, Tesla Impact Report 2021; ~ Global Petrol Prices.com 2021 Data: 1 KwH =6.01 INR ; Cost of Fuel is assumed 100 INR; FSD analysis is as per Tesla Report 2021.
Global stock of Electric Vehicles stood at 17.7 million
Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021, The global stock consist of electric car, electric van, electric buses and electric truck. The stock of electric vehicle consist
of Batter Electric Vehicle (BEV) and Plug in Hybrid Vehicle (PHEV).
Stock of Electric Vehicles (in thousand)
20,000
18,000
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
-
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
China Europe USA Others
China accounts for 50% of total global Electric Vehicles stock followed by Europe (32%) and USA (12%) as of 2021
6.5 million Electric Vehicles were sold in 2021
Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. The stock of electric vehicle consist of Batter Electric Vehicle (BEV) and Plug in Hybrid Vehicle (PHEV).
Electric Vehicle sales has increased from 120,000 units in 2012 to 6.5 million units in 2021.
Sale of EV accounted for 8.6% of total car sales across the globe.
Sales of Electric Vehicles (in thousand)
10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
49 120 205
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Electric Car Electric Car sales share
328
552 754
1,177
2,015 2,123
2,993
6,572
0.1% 0.2% 0.3% 0.4%
0.7% 0.9% 1.3%
2.2% 2.5%
4.0%
8.6%
0.0%
2010
8
Electric Vehicles share is rapidly growing across the globe
Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. The stock of electric vehicle consist of Batter Electric Vehicle (BEV) and Plug in Hybrid Vehicle (PHEV).
Country Electric Car Sales Share
China 16.0%
Belgium 18.4%
France 18.9%
United Kingdom 19.0%
Portugal 19.9%
Country Electric Car Sales Share
Australia 2.9%
USA 4.6%
Korea 6.2%
Canada 6.6%
Italy 9.5%
Country Electric Car Sales Share
Switzerland 22.4%
Germany 26.0%
Netherlands 29.7%
Finland 30.8%
Denmark 35.4%
Country Electric Car Sales Share
Sweden 43.3%
Iceland 71.7%
Norway 86.2%
Europe 16.6%
World 8.9%
ADOPTERS
HEAVY USERS HEAVY USERS
TESTERS
Electric Vehicle rapidly shifting from being a “push” to “pull” product
Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. Government spending is the sum of direct central government spending through purchase incentives and foregone revenue due
to taxes waived specifically for electric cars. Only central government purchase support policies for electric cars are taken into account. Consumer spending is the total expenditure based on model price, minus government
incentives. Incentives provided for company cars are not included.
Government share of total spending on electric car has reduced from 22% in 2015 to 10% in 2021.
This reflects that EV is rapidly moving from being a “push” to “pull” product for consumers.
5
7
9
13
11
14
30
2015
2016
2017
2018
2019
2020
2021
Government Spending (in USD Bn)
41
62
81
125
2017
2018
2019
2020
2021
Consumer Spending (in USD Bn)
250
Features of Autonomous Vehicle
Autonomous Vehicle (AV): Visualizing the market opportunity!
Source: Global X Thematic Report April 2022; Global X ETFs: Charting Disruption Report Dec 2021; IHS Automotive Survey : Car of the Future; California Department of Motor Vehicles; Disengagement Analysis is as per
Waymo & Cruise Projections; Crash Test Results is as per Tesla. The companies mentioned above form part of the portfolio mentioned in 36 and 37
It is expected by 2030, ~ 2
in 3 vehicles sold globally
may feature an automated
driving system (L2+)
Autonomous Vehicles
have driven more than
4 Million miles in 2021
It is projected that 350
million vehicles on the road
globally will have
over-the-air updates
capabilities in 2025
It is projected by 2030,
AVs could drive roughly
300,000 miles before
triggering a
disengagement event
0.23 Crashes/ Mn
miles driven by
AVs
v/s 2.03 Crashes/ Mn
driven miles by Human
Drivers
Cameras
provide a 360-degree
view of surroundings
Lidar bounces laser
light off objects to
detect shape and
Ideation
High-speed processors
crunch data from
sensors to direct the
cars movements
Vehicle location
High-definition maps are
created using lidar
scans of roads
Short-range radar
detects objects, pedestrians,
vehicles near the car
Long-range radar detects
and measures velocity of
traffic down the road
Electric motor
Battery power
drives the
wheels
Articulating radars
scan a wide field to
detect vehicles,
pedestrians, objects
Tesla
BYD
General Motors
Volkswagen
Hyundai
Honda
Bosch
Toyota
Auto Makers & Auto
Components
Google
Apple
Intel
NVIDIA
Mobileye
(Intel)
AutoLiv
Technology &
Service Providers
Autonomous Vehicles landscape
Level 4
High
Automation
Level 1
Driver
Assistance
Level 3
Conditional
Automation
Level 2
Partial
Automation
Level 5
Full
Automation
47
39
12
17
1
23
2020 2030F
Vehicles by autonomous driving features, % of total sales
L2 Entry
2025F
L2 Enhanced L3 L4
Level 2 feature will be the main driver of the market until 2025
Level 3 automation has started but scale may only be visible around middle of this decade
Level 4 automation is being lead by companies like Baidu, Google and GM
* Source: Mckinsey, Data as Dec 31, 2020. The companies mentioned above form part of the index portfolio that the underlying ETF may invest in.
4
4
3
Estimate and forecast of Electric Vehicles (EV) market
Major automakers accelerate electrification plans and aim for a fully electric future
Source: Global EV Outlook 2021, International Energy Agency, Data in the table above is as on December 31, 2020. It includes only announcements related to electric light-duty vehicles (PHEVs and BEVs) and it excludes
announcements related to hybrid vehicles and those that do not provide a clear indication of the EV share* The companies shown above form part of the index portfolio that the fund may invest in.
Automaker 2021 2022 2023 2024 2025 2026 2030
Volvo - Geely Group 1 1 1 1 50% - 100%
Toyota Motor Corp - - - - 15 - > 1 Million
Ford Motor Co - 40 - - - 100% -
Honda Motor Ltd - - - - - - 40%
Volkswagen AG - - - - 20% - 70%
Hyundai Motor Co - - - - - 10 -
General Motors Co - - 22 - 30 - > 1 Million
Nissan Motors - 20 - - - - -
# New EV Models % of Sales Electric Annual EV Sales
Toyota expected to roll-out of 30 Electric Vehicles with a goal of reaching 3.5 million annual sales of EV by 2030
Volkswagen expects EV’s would exceed 70% of European and 50% of Chinese and US sales by 2030
GM and Ford has announced a $27 billion and $29 billion investment respectively in electric and autonomous vehicles
BYD became the biggest EV producer in 2022, by selling about 6.41 Lakh EV in first 6 months of 2022.
Tesla’s Model 3 was the best selling EV in 2021. Tesla aims to reach a market share of 18% by 2030
Governments are boosting policies to promote EV deployment
Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. Zero emissions vehicles include BEVs, PHEVs and fuel cell electric vehicles
Zero Emission Vehicle (ZEV) targets and ambitions are expanding in major car markets
In United States, government announced its
initial targets that include 50% EV sales by 2030.
Canada target for achieving 100% zero emissions Light
Duty Vehicles (LDV) sales by 2035.
European Union brought forward a host of policy
and stimulus measures to accelerate Zero
Emission Vehicle (ZEV) transitions to 100% by
2035.
India, in 2021, extended its EV demand stimulating FAME II policy to 2024. It also increased subsidies for electric two-wheelers and made
budgetary commitments for development of EV manufacturing and battery supply capacity.
China, the leading EV market announced an ambition to
develop sufficient charging infrastructure to meet the
needs of 20 million New Electric Vehicles (NEVs) by 2025.
Global stock of Electric Vehicles is expected to jump ~ 12x from current level
Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. Sales of electric two/three-wheelers are not included in this figure. Aggressive estimate is based on Announced Pledged Scenario
whereas conservative forecast is based on stated policies scenario whereas conservative forecast is based on stated policies scenario. E stands for Estimate/forecast that may or may not come true.
Stock of Electric Vehicles is expected to jump ~ 8% to 11% of total road vehicle by 2030 from current 1.4%
10 10 16 16
87
72
198
2020
2021
2025
2
0
3
0
E
Stock of Electric Vehicle (in millions)
272
4.6%
11.0%
0.8%
0.8%
1.4%
1.4%
3.3%
8.0%
2020
2021
2025
2030 E
% of EV stock to total auto stock
Aggressive Conservative Conservative Aggressive
China is expected to continue dominating Electric Vehicle market share
Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. Sales of electric two/three-wheelers are not included in this figure. Aggressive estimate is based on Announced Pledged Scenario
whereas conservative forecast is based on stated policies scenario.
China is expected to continue to maintain its lead being the largest market for Electric Vehicle
Aggressive market share by 2030 Conservative market share by 2030
EV across the globe is expected to account for 20% of overall sale of automobiles
Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. Sales of electric two/three-wheelers are not included in this figure. Aggressive estimate is based on Announced Pledged Scenario
whereas conservative forecast is based on stated policies scenario. Figures are in Lakh.
Electric Car Vehicle (EV) sales share across the globe is expected to increase from 6.5 million in 2021 to ~ 30 million with China leading the pack
UnitsofEVSold (in lakh) 2021 2030
China 35.2 133.2
Europe 23.5 111.5
India 0.12 64.7
Rest of the world 3.45 96.1
USA 6.3 78.4
World 65.7 483.8
EV sale mix 2021 2030
China 12.2% 44.0%
Europe 6.4% 43.8%
India 0.4% 22.5%
Rest of the world 0.8% 13.5%
USA 4.6% 35.5%
World 8.6% 26.8%
Aggressive Estimate
UnitsofEVSold (in lakh) 2021 2030
China 35.2 129.7
Europe 23.5 84.5
India 0.12 27.2
Rest of the world 3.45 40.6
USA 6.3 34.7
World 65.7 316.7
EV sale mix 2021 2030
China 12.2% 38.8%
Europe 6.4% 33.0%
India 0.4% 7.3%
Rest of the world 0.8% 5.5%
USA 4.6% 21.0%
World 8.6% 17.8%
Conservative Estimate
Autonomous driving feature will continue to evolve significantly
Source: Poised for disruption: Cost per mile for mobility in 2030 (Jan 2022) and Private autonomous vehicles: The other side of the robo-taxi story, McKinsey (December 2020)
23%
47%
39%
1%
16%
25%
2020
2025E
2030E
Vehicle with Autonomous Driving Feature,
% of total vehicle sale
Level 2 Entry > Level 2 Entry
End customer cost (USD), per mile relative basis
Lower range - Upper range
Pooled ride hailing
Personal ride- hailing
Taxi
Private Car
2.5
3
1
3.4
5.8
4.3
1.5
6.3
Public Transit 0.4 0.9
Robo Shuttles (pooled) 0.6 1
Robo taxi (Not pooled) 1.2 2.5
Electric Vehicle Supply Chain
Cost Dynamics of a Battery-powered Electric Vehicle
Source:An-Overview-of-Costs-for-Vehicle-Components-Fuels-Greenhouse-Gas-Emissions-and-Total-Cost-of-Ownership-Update, University of California.; Bloomberg NEF
Cathode
Manufacturing
Electrolyte
Separators
Anode
3%
4%
7%
12%
24%
51%
Cost of an EV Battery Cell
9-15%
7-19%
8-20%
4-9%
35-50%
11-27%
Battery Pack
Equipment
Others
Vehicle
Body
Drivetrain
Chassis
Cost Structure of a Electric Vehicle
Battery Housings
Understanding Electric Vehicle Supply Chain
Source: Data as on December 30, 2020, Global X. Benchmark Market Intelligence, Li = Lithium
UPSTREAM MIDSTREAM DOWNSTREAM
4. Lithium-lon Cell
Manufacturing
Cell assembly as well as electrolyte
filling and formation for the final
lithium-ion battery product.
LEADING COUNTRY:
China | 77% market share
5. Electric Vehicles
Rechargeable lithium-ion batteries
power electric vehicles (EVs).
LEADING COUNTRY:
China | ~54% market share
6. Other Battery-Powered
Electric Mobility
From bicycles, motorcycles,
hoverboards, scooters, and other
forms of personal transportation,
battery powered vehicles are taking
many forms.
1. Raw Material Extraction
Main sources of raw lithium are
underground deposits of brine and
spodumene, a hard rock mineral.
LEADING COUNTRY:
Australia | ~45% market share of
Lithium production
2. Chemical Processing
To prepare lithium for battery use,
careful chemical processing must take
place to produce lithium carbonate or
lithium hydroxide with as few
contaminates as possible.
LEADING COUNTRY:
China | 59% market share
3. Cathode and Anode
Production
Lithium carbonate or hydroxide is
inserted into the cathode of a battery,
determining the capacity
and voltage of it.
LEADING COUNTRY:
China | 61% market share
Declining Battery cost is expected to drive up the demand of EV & lithium
Source: Data as on Dec 31, 2021; Bloomberg: Prices shown are volume weighted Average Lithium Ion Battery Pack Prices.
Continuous fall in the battery cost has made Electric Vehicle (EV) cheaper and is expected that that
battery costs could be cut in half by 2030.
1,400
1,200
1,000
800
600
400
200
0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
YEAR
1,220
946
744
684
606
393
302
226
185 165 140 132
Average Lithium Ion Battery Pack Price($/ kWh)
China dominates the EV supply chain
China dominates production at every stage of the EV supply chain.
Three-quarters of battery cell production capacity is in China
Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. Li = lithium; Ni = nickel; Co = cobalt; Gr = graphite; DRC = Democratic Republic of Congo.
100%
75%
50%
25%
0%
Li Ni Co Gr
China Europe
Li
United States
Ni Co Gr Cathode Anode Battery production EV production
Japan Korea DRC Australia Indonesia Russia Other
Geographical distribution of the global EV battery supply chain
Mining Material processing Cell components Battery Cells EVs
Exploring the Future Mobility Landscape
* The companies shown above form part of the index portfolio that the fund may invest in. The weights shown are based on a proposed allocation of 70% : 15% : 15% to Solactive Autonomous & Electric Vehicle Index, Solactive
Global Lithium Index and Solactive China Electric Vehicle & Battery Index respectively. The proposed portfolio and their respective weights are shown in slide 36, 37.
Battery Producers
Pureplay EV Players Traditional Auto OEMs
Tech Providers
Autonomous Vehicles
Raw Material Extraction
Albemarle Corp
Ganfeng Lithium
Livent
SQM Chile SA
BYD
Samsung SDI
Panasonic
CATL
Intel Corp
Honeywell Auto
NVIDIA Corp
Qualcomm Inc
Tesla
NIO
Lucid Group
XPeng Inc
Volkswagen
Toyota Motors
Kia Corp General
Motors
Tesla
Baidu
Geely Automotive
Alphabet
Albemarle
Ganfeng
Lithium
Baidu Toyota Intel NIKOLA
Tesla XPeng Volkswagen Google
Portfolio that captures entire ecosystem of Electric & Autonomous Vehicles space*
Source: Bloomberg data as on 29th Jully, 2022, Company annual reports, Global X Charting Disruption Report; Fortune 500. * The companies shown above form part of the index portfolio that the fund may invest in. The
weights shown are based on a proposed allocation of 70% : 15% : 15% to Solactive Autonomous & Electric Vehicle Index, Solactive Global Lithium Index and Solactive China Electric Vehicle & Battery Index respectively. The
proposed portfolio and their respective weights are shown in slide 36, 37
Controls 25%
of the lithium
market
14% Market
Share in Global
EV Sales
Leading Player in
terms of Auto
Technology Patents
2nd Largest
EV Player in
the World
Google’s Wyamo leads
the race for L4
automation
China’s largest
Lithium Compound
Producer
Achieved Level 4 in
Autonomous
Driving
30 EV Models
by 2025
Industry Leader in
PLD Tech used by
Automotive Sector
Uses Hydrogen Fuel
Cell Tech for
Commercial EVs
Mirae Asset Global Electric & Autonomous Vehicles
ETFs Fund of Fund
About the scheme :Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund
Fund Objective :
Investor may get exposure into -
Manufacturer of electric and Software Provider Chemicals and
Raw Materials
autonomous vehicles and components
(batteries, fuel cells, car components,
communication equipment, Electronic
Components, semiconductor, electrical
and power equipment’s)
(communication, sensors, mapping, artificial
intelligence, Advanced Driver Assistance Systems,
ride-share platforms and network-connected
services for transportation)
(metal mining and products for
example lithium, cobalt etc.
Scheme may invest in - Benchmark of theScheme?
Global X Electric and Autonomous Vehicles ETF/UCITS
Global X Lithium & Battery Tech ETF/UCITS
Global X China Electric Vehicle and Battery ETF
Solactive Autonomous & Electric Vehicles Index
(TRI) (INR)
●
●
●
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of overseas equity ETFs which are based on
companies involved in development of Electric & Autonomous Vehicles and related technology, components and materials. There is no assurance that the investment
objective of the Scheme will be realized.
Source: Global X and Solactive Benchmark as on 29 July 2022; The above mentioned allocation is the proposed framework for the Scheme within the provisions of the Scheme Information Document and may or may not change in future without any prior notice.
Description of investments in underlying Exchange Traded Funds (ETFs)
The Fund of Fund will usually invest around the above mentioned range with some deviation based on parameters like momentum adjusted for
volatility (Risk adjusted returns). The Fund of Fund may choose to invest in other ETFs and alter the allocation in accordance with the scheme
Information Document.
Source: Global X and Solactive Benchmark as on 29th July 2022; The above mentioned allocation is the proposed framework for the Scheme within the provisions of the Scheme Information Document and may or
may not change in future without any prior notice.
ETF Description
Proposed Exposure by
Fund of Fund
(Approx. range)
Global X Lithium
& Battery Tech
ETF
〇 The ETF seeks to invest in companies that are active in lithium mining, exploration or a
closely related activity, and/or production of lithium batteries.
〇 The minimum number of constituents is 20 and the maximum number of constituents is 40.
10%-15%
Global X Autonomous &
Electric Vehicles
ETF
〇 The ETF seeks to invest in companies that have or are expected to have significant
exposure to Electric Vehicles and Autonomous Driving segments.
〇 The companies are classified into three type namely Electric Vehicle (EV) Company,
Electric Vehicle Component (EVC) Company and Autonomous Vehicle Technology (AVT).
15, 30 and 30 company on maximum are selected for EV, EVC and AVT segment each
respectively.
70%-80%
Global X China
Electric Vehicle
and Battery ETF
〇 The ETF seeks to invest in 20 Chinese companies positioned to benefit from increasing
penetration of electric vehicles, including companies that produce electric vehicles
(“EVs”), EV components such as lithium batteries, equipment for battery production, and
critical battery materials such as lithium and cobalt.
〇 The company must be headquartered in mainland China or Hong Kong. The security can
be listed in Hong Kong, China or U.S.
10%-15%
Theschememaychooseto invest in the UCITSETFwhereavailable dueto lower cost.Thedetailsof UCITS listedETFareasfollows:
Underlying ETF Inception
Date
TER Net Asset Underlying Index No. of holdings Listing
Global X Autonomous &
Electric Vehicles ETF 13-04-2018 0.68% $ 983.82 Mn
Solactive Autonomous &
Electric Vehicles Index. 73 U.S.
Global X Lithium &
Battery Tech ETF
22-07-2010 0.75% $ 4.52 Bn
Solactive Global
Lithium Index
39 U.S.
Global X China
Electric Vehicle and Battery ETF
16-01-2020 0.68% $ 763.42 Mn
Solactive China Electric
Vehicle and Battery
Index
19 Hong Kong
Underlying ETF Inception Date TER Net Asset Underlying Index No. of holdings Listing
Global X Autonomous &
Electric Vehicles UCITS ETF 16-11-2021 0.50% $ 2.65 Mn
Solactive Autonomous &
Electric Vehicles v2 Index. 73 London
Global X Lithium & Battery
Tech UCITS ETF 07-12-2021 0.60% $ 15.79 Mn
Solactive Global Lithium
v2 Index 39 London
Details of the underlying Exchange Traded Funds (ETFs)
Source: Data as on July 29, 2022. Global X Europe, Global X US and Global X Hong Kong
Periodic performance comparison
Particular Since Apr’19 3 Year 2 Year 1 Year YTD 2022
Solactive Autonomous & Electric Vehicles Index (INR) (A) 25.2% 28.7% 29.6% -9.3% -15.3%
Solactive Global Lithium Index (INR) (B) 39.7% 49.8% 49.0% -3.5% -6.0%
Solactive China Electric Vehicle and Battery Index (INR) (C) 49.3% 64.5% 44.6% -9.2% -12.7%
Weighted Average Return (INR) * (Ratio A:B:C) 32.4% 38.4% 36.3% -7.1% -12.8%
NASDAQ-100 Index (INR) 24.0% 25.0% 13.2% -6.9% -14.8%
S&P 500 Index (INR) 18.3% 18.9% 17.6% 1.8% -6.6%
Nifty 50 Index (INR) 13.7% 17.0% 26.2% 10.3% -0.2%
INR/USD 4.2% 4.9% 3.1% 6.8% 6.9%
Source: Bloomberg data as on July 29, 2022; Exchange rate of FBIL are used for conversion of index value from USD to INR. Past performance may or may not sustain in future. The index return are in Total Return Variant.
The data shown above pertains to the index and does not in manner indicate performance of any scheme of the Fund. * Weighted Average Return is based on allocation to underlying three indices of 70% : 15% : 15% to
(A) Solactive Autonomous & Electric Vehicle Index, (B)Solactive Global Lithium Index and (C)) Solactive China Electric Vehicle & Battery Index respectively, reset on a daily basis. Since April 1, 2019. IF INR appreciates
against the currency in which investments are made then the value of foreign asset declines as a result of which the fund investing in such foreign asset will also bear the impact of it
Particular Since Apr’19 3 Year 2 Year 1 Year YTD 2022
Solactive Autonomous & Electric Vehicles Index (INR) (A) 28.4% 29.3% 25.5% 28.8% 34.2%
Solactive Global Lithium Index (INR) (B) 30.4% 31.7% 28.6% 28.5% 30.4%
Solactive China Electric Vehicle and Battery Index (INR) (C) 39.2% 40.2% 41.3% 40.4% 41.8%
Weighted Average Volatility (INR) * (Ratio A:B:C) 26.0% 26.8% 23.9% 25.8% 30.0%
NASDAQ-100 Index (INR) 27.6% 28.7% 25.3% 28.2% 34.4%
S&P 500 Index (INR) 23.4% 24.5% 18.0% 20.6% 24.8%
Nifty 50 Index (INR) 21.9% 22.7% 16.9% 17.5% 20.2%
INR/USD 4.8% 4.9% 4.4% 4.4% 4.6%
Periodicvolatilitycomparison
Lower correlationamong the three underlying indices aids diversification at portfolio level resulting
in relatively lower aggregate portfolio volatility
Source: Bloomberg data as on July 29, 2022; Exchange rate of FBIL are used for conversion of index value from USD to INR. Past performance may or may not sustain in future. The index return are in Total Return
Variant. The data shown above pertains to the index and does not in manner indicate performance of any scheme of the Fund. * Weighted Average RISK is based on allocation to underlying three indices of 70% :
15% : 15% to (A) Solactive Autonomous & Electric Vehicle Index, (B)Solactive Global Lithium Index and (C)) Solactive China Electric Vehicle & Battery Index respectively, reset on a daily basis. Since April 1, 2019.
Relativevaluationandearningpotential
Companies engaged in electric vehicle & related components are trading at relatively attractive valuations with
reasonable earning potential in the future.
Particular
3 Year Bloomberg
EPS Estimate
(CAGR)*
Best P/E
Ratio
3 Yr. Avg Best
P/E Ratio
(Historical)
Premium/
(Discount)
Solactive Autonomous & Electric Vehicles Index 41.9% 17.9x 32.4x -44.8%
Solactive China Electric Vehicle and Battery Index 37.3% 27.3x 50.4x -46.0%
Solactive Global Lithium Index 25.8% 19.8x 34.5x -42.6%
NASDAQ-100 Index 14.4% 23.6x 27.1x -12.8%
S&P 500 Index 9.7% 18.2x 21.3x -14.7%
Nifty 50 Index 10.4% 20.0x 21.7x -7.7%
Source: Bloomberg data as on July 29, 2022; *Above/Below past 3 years average (Red and green color denotes the said security is expensive or cheap relative to its historical valuation respectively).. Past performance
may or may not sustain in future. The data shown above pertains to the index and does not in manner indicate performance of any scheme of the Fund. PE stands for Price to Earning Ratio, EPS is Earning Per Share, Best
P/E is 12 month forward price to earning ratio. *Bloomberg EPS estimate is Consensus estimate which may or may not come true and should not be constructed as expectation of earning in any manner.
Exposure to entire spectrum of Electric Vehicle supply chain
GICS
Sub-Industry
Solactive Autonomous &
Electric Vehicles Index
Solactive Global Lithium
Index
Solactive China Electric
Vehicle and Battery Index
Weighted Avg. Industry Exposure*
(70%-15%-15%)
Automobiles 22.6% 10.0% 10.1% 18.9%
Chemicals 9.0% 37.0% 32.6% 16.7%
Electrical Equipment 5.9% 17.8% 36.0% 12.2%
Semiconductors 15.7% 3.6% - 11.5%
Metals & Mining 9.9% 13.8% 8.8% 10.4%
Auto Components 11.0% 1.3% 0.9% 8.1%
Machinery 4.4% 0.7% 11.6% 4.9%
Electronic Equipment 4.4% 11.5% - 4.8%
Interactive Media 4.9% - - 3.4%
Software 4.3% - - 3.0%
Technology Hardware 3.7% - - 2.6%
Industrial Conglomerates 3.0% - - 2.1%
Household Durables 1.1% 4.4% - 1.5%
Source: Bloomberg data as on July 29, 2022. Past performance may or may not sustain in future. The index return are in Total Return Variant. The data shown above pertains to the index and does not in manner indicate
performance of any scheme of the Fund. * Weighted Average Industry Exposure is based on allocation to underlying three indices of 70% : 15% : 15% to Solactive Autonomous & Electric Vehicle Index,. Solactive Global
Lithium Index and C. Solactive China Electric Vehicle & Battery Index respectively. The sector(s )/stock(s)/issuer(s) mentioned in this presentation do not constitute any research report/recommendation of the same and
the Fund may or may not have any future position in these sector(s/) stock(s)/issuer. GICS stands for Global Industry Classification Standard
Diversified country exposure
Geographically diversified exposureto relevant companiesbelonging to EVand AVecosystem
Country
Solactive Autonomous &
Electric Vehicles Index
Solactive Global Lithium
Index
Solactive China Electric
Vehicle and Battery Index
Proposed Weighted Average
Exposure * (70%-15%-15%)
UNITED STATES 58.4% 20.5% - 43.8%
CHINA 4.8% 42.3% 100.0% 24.7%
JAPAN 9.5% 9.5% - 8.4%
SOUTH KOREA 2.7% 11.6% - 3.7%
GERMANY 4.7% 0.6% - 3.3%
CANADA 3.6% 1.4% - 2.8%
NETHERLANDS 4.1% 0.4% - 2.7%
AUSTRALIA 2.7% 6.8% - 2.6%
CHILE 2.4% 5.9% - 2.4%
FRANCE 1.7% - - 1.3%
HONG KONG 1.1% - - 1.1%
BRITAIN 1.3% - - 0.9%
ISRAEL 1.1% - - 0.8%
IRELAND 1.2% - - 0.8%
LUXEMBOURG 0.7% - - 0.5%
TAIWAN - 0.6% - 0.1%
NORWAY - 0.4% - 0.0%
Source: Bloomberg data as on July 29, 2022. Past performance may or may not sustain in future. The index return are in Total Return Variant. The data shown above pertains to the index and does not in manner indicate
performance of any scheme of the Fund. *Weighted Average exposure of the fund is based on allocation to underlying three indices of 70% : 15% : 15% to Solactive Autonomous & Electric Vehicle Index, Solactive Global
Lithium Index and Solactive China Electric Vehicle & Battery Index respectively.
Why you may consider investing in the fund ?
Source: Bloomberg data as on July 29, 2022; Exchange rate of FBIL are used for conversion of index value from USD to INR. Past performance may or may not sustain in future. The index return are in Total Return
Variant. The data shown above pertains to the index and does not in manner indicate performance of any scheme of the Fund. * Weighted average return is based on allocation to underlying three indices of 70% :
15% : 15% to Solactive Autonomous & Electric Vehicle Index, Solactive Global Lithium Index and Solactive China Electric Vehicle & Battery Index respectively. ~Investors may note that they will bear recurring
expenses of the underlying scheme in addition to the expenses of this scheme.
Endeavours to provide exposure to the entire ecosystem of Electric and Autonomous Vehicles, from
Mining to Vehicle Manufactures.
Seeks to have a diversified portfolio with exposure to companies from multiple countries catering to the
theme.
Comparatively lower cost due investments in Exchange traded funds. Also ensures higher portfolio
transparency and lower active risk ~
An allocation of 70%:15%:15% to the three underlying indices has generated return of 38.4% v/s 25.0% by
NASDAQ 100 in last 3 years.(Slide 29)
Thematic investments may seek to provide exposure to upcoming segments with high potential but are
also associated with higher risk/Volatility.
Scheme Details
NFO Period
16th
August 2022 to
30th
August 2022
Fund Manager
Mr. Siddharth
Srivastava
Minimum
Investment in
NFO
Rs. 5000/- (in
multiples of Re. 1/-
thereafter)
Minimum Additional
Application Amount
post NFO
Rs. 1000/- and in
multiples of Re.
1/- thereafter.
Taxation
Debt
Benchmark
Solactive Autonomous &
Electric Vehicles Index
(TRI) (INR)
Plan & Options
Regular Plan and Direct
Plan with Growth Option
Facility Offered *
SIP, STP & SWP
(transaction through
electronic mode), GRIP
Exit Load
If redeemed within 1 year
(365 days) from the date
of allotment: 1%
If redeemed after 1 year
(365 days) from the date
of allotment: NIL
*SIP: Systematic Investment Plan; STP: Systematic Transfer Plan; SWP: Systematic Withdrawal Plan; GRIP: Group Investment Plan
Type of Scheme
An open-ended fund of fund scheme investing in overseas equity
Exchange Traded Funds which are based on companies involved in
development of Electric & Autonomous Vehicles and related technology,
components and materials
Source: Bloomberg data as on July 29, 2022. Past performance may or may not sustain in future. *The Proposed Weighted Average Holdings is based on allocation to underlying three indices of 70% : 15% : 15% to Solactive
Autonomous & Electric Vehicle Index, Solactive Global Lithium Index and Solactive China Electric Vehicle & Battery Index respectively.
Constituent from underlying ETFs forming part of the fund (Part 1)*
Sr.No Company Name Weight* Sr.No Company Name Weight*
1 ALBEMARLE CORP 2.98% 26 BAIDU INC - SPON ADR 1.15%
2 TESLA INC 2.88% 27 MICROVISION INC 1.12%
3 QUIMICA Y MINERA CHIL-SP ADR 2.60% 28 SHANGHAI PUTAILAI NEW ENER-A 1.11%
4 APPLE INC 2.56% 29 FORD MOTOR CO 1.10%
5 EVE ENERGY CO LTD-A 2.37% 30 HONDA MOTOR CO LTD 1.10%
6 ALPHABET INC-CL A 2.28% 31 WABTEC CORP 1.08%
7 CONTEMPORARY AMPEREX TECHN-A 2.28% 32 GENERAL MOTORS CO 1.02%
8 TOYOTA MOTOR CORP 2.16% 33 VISTEON CORP 1.02%
9 QUALCOMM INC 2.15% 34 PILBARA MINERALS LTD 0.98%
10 HONEYWELL INTERNATIONAL INC 2.09% 35 BLOOM ENERGY CORP- A 0.97%
11 GANFENG LITHIUM CO LTD-A 2.06% 36 SUNWODA ELECTRONIC CO LTD-A 0.96%
12 INTEL CORP 1.80% 37 HYUNDAI MOTOR CO 0.96%
13 NVIDIA CORP 1.79% 38 HARLEY-DAVIDSON INC 0.94%
14 MICROSOFT CORP 1.63% 39 ENERSYS 0.93%
15 SHENZHEN INOVANCE TECHNOLO-A 1.62% 40 KIA CORP 0.93%
16 GUANGZHOU TINCI MATERIALS -A 1.55% 41 JOHNSON MATTHEY PLC 0.91%
17 BYD CO LTD -A 1.52% 42 STELLANTIS NV 0.90%
18 PANASONIC HOLDINGS CORP 1.46% 43 CARPENTER TECHNOLOGY 0.90%
19 TIANQI LITHIUM CORP-A 1.25% 44 INFINEON TECHNOLOGIES AG 0.89%
20 NXP SEMICONDUCTORS NV 1.20% 45 PLUG POWER INC 0.88%
21 ALLKEM LTD 1.19% 46 VITESCO TECHNOLOGIES GROUP A 0.87%
22 ATI INC 1.19% 47 APTIV PLC 0.86%
23 ON SEMICONDUCTOR 1.18% 48 BYD CO LTD-H 0.85%
24 CABOT CORP 1.17% 49 AMERICAN AXLE & MFG HOLDINGS 0.84%
25 LIVENT CORP 1.17% 50 VOLKSWAGEN AG-PREF 0.83%
Constituent from underlying ETFs forming part of the fund (Part 2)*
Source: Bloomberg data as on July 29, 2022. Past performance may or may not sustain in future. *The Proposed Weighted Average Holdings is based on allocation to underlying three indices of 70% : 15% : 15% to Solactive
Autonomous & Electric Vehicle Index, Solactive Global Lithium Index and Solactive China Electric Vehicle & Battery Index respectively.
Sr. No. Company Name Weight* Sr. No. Company Name Weight*
51 BEIJING EASPRING MATERIAL-A 0.82% 81 XPENG INC - ADR 0.60%
52 LEAR CORP 0.82% 82 NINGBO RONBAY NEW ENERGY T-A 0.58%
53 NIO INC - ADR 0.82% 83 NIKOLA CORP 0.55%
54 CEVA INC 0.81% 84 NAURA TECHNOLOGY GROUP CO-A 0.53%
55 LG CHEM LTD 0.80% 85 AMBARELLA INC 0.51%
56 PIEDMONT LITHIUM INC 0.80% 86 APERAM 0.48%
57 GS YUASA CORP 0.80% 87 NINGBO SHANSHAN CO LTD-A 0.45%
58 GEELY AUTOMOBILE HOLDINGS LT 0.80% 88 SHENZHEN CAPCHEM TECHNOLOG-A 0.44%
59 GANFENG LITHIUM CO LTD-H 0.77% 89 FAURECIA 0.40%
60 DENSO CORP 0.77% 90 TANAKA CHEMICAL CORP 0.39%
61 TOMTOM NV 0.77% 91 LUMINAR TECHNOLOGIES INC 0.39%
62 INNOVIZ TECHNOLOGIES LTD 0.77% 92 MINERAL RESOURCES LTD 0.39%
63 YUNNAN ENERGY NEW MATERIAL-A 0.76% 93 CNGR ADVANCED MATERIAL CO -A 0.28%
64 RENAULT SA 0.76% 94 NOVONIX LTD 0.26%
65 ITT INC 0.73% 95 L&F CO LTD 0.25%
66 HYSTER-YALE MATERIALS 0.72% 96 ZHEJIANG YONGTAI TECH-A 0.25%
67 II-VI INC 0.71% 97 VELODYNE LIDAR INC 0.22%
68 STANDARD LITHIUM LTD 0.70% 98 SHENZHEN YINGHE TECHNOLOGY-A 0.20%
69 NISSAN MOTOR CO LTD 0.69% 99 LITHIUM AMERICAS CORP 0.16%
70 TDK CORP 0.69% 100 ROMEO POWER INC 0.15%
71 CONTINENTAL AG 0.66% 101 NINGBO XUSHENG AUTO TECHNO-A 0.13%
72 BALLARD POWER SYSTEMS INC 0.66% 102 VARTA AG 0.09%
73 GOTION HIGH-TECH CO LTD-A 0.66% 103 SIMPLO TECHNOLOGY CO LTD 0.09%
74 BLACKBERRY LTD 0.63% 104 ILJIN MATERIALS CO LTD 0.07%
75 QUANTUMSCAPE CORP 0.63% 105 FREYR BATTERY SA 0.06%
76 SAMSUNG SDI CO LTD 0.62% 106 AMG ADVANCED METALLURGICAL 0.05%
77 GENTHERM INC 0.62% 107 TIANNENG POWER INTL LTD 0.05%
78 INDIE SEMICONDUCTOR INC-A 0.62% 108 IONEER LTD 0.04%
79 SHENZHEN DYNANONIC CO LTD-A 0.61% 109 VULCAN ENERGY RESOURCES LTD 0.03%
80 LUNDIN MINING CORP 0.61% 110 MICROVAST HOLDINGS INC 0.02%
Disclaimers
Solactive Disclaimer: Solactive AG ("Solactive") is the licensor of (the "Index"). The financial instruments that are based on the Index are not sponsored, endorsed,
promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing
in the financial instruments; (b) the quality, accuracy and/or completeness of the Index; and/or (c) the results obtained or to be obtained by any person or entity from the use
of the Index. Solactive reserves the right to change the methods of calculation or publication with respect to the Index. Solactive shall not be liable for any damages suffered
or incurred as a result of the use (or inability to use) of the Index."
Statutory Details: Trustee: Mirae Asset Trustee Company Private Limited; Investment Manager: Mirae Asset Investment Managers (India) Private Limited (AMC); Sponsor:
Mirae Asset Global Investments Company Limited.
The information contained in this document is compiled from third party and publically available sources and is included for general information purposes only. There can be
no assurance and guarantee on the yields. Views expressed by the Fund Manager cannot be construed to be a decision to invest. The statements contained herein are
based on current views and involve known and unknown risks and uncertainties. Whilst Mirae Asset Investment Managers (India) Private Limited (the AMC) shall have no
responsibility/liability whatsoever for the accuracy or any use or reliance thereof of such information. The AMC, its associate or sponsors or group companies, its Directors or
employees accepts no liability for any loss or damage of any kind resulting out of the use of this document. The recipient(s) before acting on any information herein should
make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information
contained herein. Any reliance on the accuracy or use of such information shall be done only after consultation to the financial consultant to understand the specific legal, tax
or financial implications.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
For further information about other schemes (product labelling and performance of the fund) please visit the website of the AMC: www.miraeassetmf.co.in
Please consult your financial advisor before investing
THANK YOU
Follow us on:
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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Mirae-asset-global-electric-autonomous-vehicles-etfs-fof_nfo-presentation.pdf

  • 1. (An open-ended fund of fund scheme investing in overseas equity Exchange Traded Funds which are based on companies involved in development of Electric & Autonomous Vehicles and related technology, components and materials) New Fund Offer (NFO) starts on: 16th August 2022 | New Fund Offer (NFO) closes on: 30th August 2022 Allotment Date: 07th September 2022 Scheme re-opens for continuous Sale and Repurchase : 08th September 2022 Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund
  • 2. Current Status of Electric Vehicle Market
  • 3. The Future is Electric Lifetime Fuel Consumption~ 30,000 litres of fuel burned per car (₹ 30L) v/s 70 MWh of Electricity charged per car (₹ 4.2L). Rising Fuel Prices Payback period of shifting to an EV could shorten to 3 years if crude oil prices increases to $120/bbl. Environmental Impact 30 tons of CO2 v/s 70 tons of CO2 is released into the atmosphere. Government Incentives Subsidies and tax credits for electric vehicles and infrastructure increases rate of adoption. Enhanced Road Safety Full Self Driving (FSD) autonomous vehicle technology is involved in accidents 10 times less than human drivers. Falling Prices Declining Battery Cost is further expected to lower the cost of EV and boost its demand in the coming future. Source: Goldman Sachs Investment Research EV Report 2022, Tesla Impact Report 2021; ~ Global Petrol Prices.com 2021 Data: 1 KwH =6.01 INR ; Cost of Fuel is assumed 100 INR; FSD analysis is as per Tesla Report 2021.
  • 4. Global stock of Electric Vehicles stood at 17.7 million Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021, The global stock consist of electric car, electric van, electric buses and electric truck. The stock of electric vehicle consist of Batter Electric Vehicle (BEV) and Plug in Hybrid Vehicle (PHEV). Stock of Electric Vehicles (in thousand) 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 - 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 China Europe USA Others China accounts for 50% of total global Electric Vehicles stock followed by Europe (32%) and USA (12%) as of 2021
  • 5. 6.5 million Electric Vehicles were sold in 2021 Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. The stock of electric vehicle consist of Batter Electric Vehicle (BEV) and Plug in Hybrid Vehicle (PHEV). Electric Vehicle sales has increased from 120,000 units in 2012 to 6.5 million units in 2021. Sale of EV accounted for 8.6% of total car sales across the globe. Sales of Electric Vehicles (in thousand) 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 49 120 205 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Electric Car Electric Car sales share 328 552 754 1,177 2,015 2,123 2,993 6,572 0.1% 0.2% 0.3% 0.4% 0.7% 0.9% 1.3% 2.2% 2.5% 4.0% 8.6% 0.0% 2010 8
  • 6. Electric Vehicles share is rapidly growing across the globe Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. The stock of electric vehicle consist of Batter Electric Vehicle (BEV) and Plug in Hybrid Vehicle (PHEV). Country Electric Car Sales Share China 16.0% Belgium 18.4% France 18.9% United Kingdom 19.0% Portugal 19.9% Country Electric Car Sales Share Australia 2.9% USA 4.6% Korea 6.2% Canada 6.6% Italy 9.5% Country Electric Car Sales Share Switzerland 22.4% Germany 26.0% Netherlands 29.7% Finland 30.8% Denmark 35.4% Country Electric Car Sales Share Sweden 43.3% Iceland 71.7% Norway 86.2% Europe 16.6% World 8.9% ADOPTERS HEAVY USERS HEAVY USERS TESTERS
  • 7. Electric Vehicle rapidly shifting from being a “push” to “pull” product Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. Government spending is the sum of direct central government spending through purchase incentives and foregone revenue due to taxes waived specifically for electric cars. Only central government purchase support policies for electric cars are taken into account. Consumer spending is the total expenditure based on model price, minus government incentives. Incentives provided for company cars are not included. Government share of total spending on electric car has reduced from 22% in 2015 to 10% in 2021. This reflects that EV is rapidly moving from being a “push” to “pull” product for consumers. 5 7 9 13 11 14 30 2015 2016 2017 2018 2019 2020 2021 Government Spending (in USD Bn) 41 62 81 125 2017 2018 2019 2020 2021 Consumer Spending (in USD Bn) 250
  • 9. Autonomous Vehicle (AV): Visualizing the market opportunity! Source: Global X Thematic Report April 2022; Global X ETFs: Charting Disruption Report Dec 2021; IHS Automotive Survey : Car of the Future; California Department of Motor Vehicles; Disengagement Analysis is as per Waymo & Cruise Projections; Crash Test Results is as per Tesla. The companies mentioned above form part of the portfolio mentioned in 36 and 37 It is expected by 2030, ~ 2 in 3 vehicles sold globally may feature an automated driving system (L2+) Autonomous Vehicles have driven more than 4 Million miles in 2021 It is projected that 350 million vehicles on the road globally will have over-the-air updates capabilities in 2025 It is projected by 2030, AVs could drive roughly 300,000 miles before triggering a disengagement event 0.23 Crashes/ Mn miles driven by AVs v/s 2.03 Crashes/ Mn driven miles by Human Drivers Cameras provide a 360-degree view of surroundings Lidar bounces laser light off objects to detect shape and Ideation High-speed processors crunch data from sensors to direct the cars movements Vehicle location High-definition maps are created using lidar scans of roads Short-range radar detects objects, pedestrians, vehicles near the car Long-range radar detects and measures velocity of traffic down the road Electric motor Battery power drives the wheels Articulating radars scan a wide field to detect vehicles, pedestrians, objects Tesla BYD General Motors Volkswagen Hyundai Honda Bosch Toyota Auto Makers & Auto Components Google Apple Intel NVIDIA Mobileye (Intel) AutoLiv Technology & Service Providers
  • 10. Autonomous Vehicles landscape Level 4 High Automation Level 1 Driver Assistance Level 3 Conditional Automation Level 2 Partial Automation Level 5 Full Automation 47 39 12 17 1 23 2020 2030F Vehicles by autonomous driving features, % of total sales L2 Entry 2025F L2 Enhanced L3 L4 Level 2 feature will be the main driver of the market until 2025 Level 3 automation has started but scale may only be visible around middle of this decade Level 4 automation is being lead by companies like Baidu, Google and GM * Source: Mckinsey, Data as Dec 31, 2020. The companies mentioned above form part of the index portfolio that the underlying ETF may invest in. 4 4 3
  • 11. Estimate and forecast of Electric Vehicles (EV) market
  • 12. Major automakers accelerate electrification plans and aim for a fully electric future Source: Global EV Outlook 2021, International Energy Agency, Data in the table above is as on December 31, 2020. It includes only announcements related to electric light-duty vehicles (PHEVs and BEVs) and it excludes announcements related to hybrid vehicles and those that do not provide a clear indication of the EV share* The companies shown above form part of the index portfolio that the fund may invest in. Automaker 2021 2022 2023 2024 2025 2026 2030 Volvo - Geely Group 1 1 1 1 50% - 100% Toyota Motor Corp - - - - 15 - > 1 Million Ford Motor Co - 40 - - - 100% - Honda Motor Ltd - - - - - - 40% Volkswagen AG - - - - 20% - 70% Hyundai Motor Co - - - - - 10 - General Motors Co - - 22 - 30 - > 1 Million Nissan Motors - 20 - - - - - # New EV Models % of Sales Electric Annual EV Sales Toyota expected to roll-out of 30 Electric Vehicles with a goal of reaching 3.5 million annual sales of EV by 2030 Volkswagen expects EV’s would exceed 70% of European and 50% of Chinese and US sales by 2030 GM and Ford has announced a $27 billion and $29 billion investment respectively in electric and autonomous vehicles BYD became the biggest EV producer in 2022, by selling about 6.41 Lakh EV in first 6 months of 2022. Tesla’s Model 3 was the best selling EV in 2021. Tesla aims to reach a market share of 18% by 2030
  • 13. Governments are boosting policies to promote EV deployment Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. Zero emissions vehicles include BEVs, PHEVs and fuel cell electric vehicles Zero Emission Vehicle (ZEV) targets and ambitions are expanding in major car markets In United States, government announced its initial targets that include 50% EV sales by 2030. Canada target for achieving 100% zero emissions Light Duty Vehicles (LDV) sales by 2035. European Union brought forward a host of policy and stimulus measures to accelerate Zero Emission Vehicle (ZEV) transitions to 100% by 2035. India, in 2021, extended its EV demand stimulating FAME II policy to 2024. It also increased subsidies for electric two-wheelers and made budgetary commitments for development of EV manufacturing and battery supply capacity. China, the leading EV market announced an ambition to develop sufficient charging infrastructure to meet the needs of 20 million New Electric Vehicles (NEVs) by 2025.
  • 14. Global stock of Electric Vehicles is expected to jump ~ 12x from current level Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. Sales of electric two/three-wheelers are not included in this figure. Aggressive estimate is based on Announced Pledged Scenario whereas conservative forecast is based on stated policies scenario whereas conservative forecast is based on stated policies scenario. E stands for Estimate/forecast that may or may not come true. Stock of Electric Vehicles is expected to jump ~ 8% to 11% of total road vehicle by 2030 from current 1.4% 10 10 16 16 87 72 198 2020 2021 2025 2 0 3 0 E Stock of Electric Vehicle (in millions) 272 4.6% 11.0% 0.8% 0.8% 1.4% 1.4% 3.3% 8.0% 2020 2021 2025 2030 E % of EV stock to total auto stock Aggressive Conservative Conservative Aggressive
  • 15. China is expected to continue dominating Electric Vehicle market share Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. Sales of electric two/three-wheelers are not included in this figure. Aggressive estimate is based on Announced Pledged Scenario whereas conservative forecast is based on stated policies scenario. China is expected to continue to maintain its lead being the largest market for Electric Vehicle Aggressive market share by 2030 Conservative market share by 2030
  • 16. EV across the globe is expected to account for 20% of overall sale of automobiles Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. Sales of electric two/three-wheelers are not included in this figure. Aggressive estimate is based on Announced Pledged Scenario whereas conservative forecast is based on stated policies scenario. Figures are in Lakh. Electric Car Vehicle (EV) sales share across the globe is expected to increase from 6.5 million in 2021 to ~ 30 million with China leading the pack UnitsofEVSold (in lakh) 2021 2030 China 35.2 133.2 Europe 23.5 111.5 India 0.12 64.7 Rest of the world 3.45 96.1 USA 6.3 78.4 World 65.7 483.8 EV sale mix 2021 2030 China 12.2% 44.0% Europe 6.4% 43.8% India 0.4% 22.5% Rest of the world 0.8% 13.5% USA 4.6% 35.5% World 8.6% 26.8% Aggressive Estimate UnitsofEVSold (in lakh) 2021 2030 China 35.2 129.7 Europe 23.5 84.5 India 0.12 27.2 Rest of the world 3.45 40.6 USA 6.3 34.7 World 65.7 316.7 EV sale mix 2021 2030 China 12.2% 38.8% Europe 6.4% 33.0% India 0.4% 7.3% Rest of the world 0.8% 5.5% USA 4.6% 21.0% World 8.6% 17.8% Conservative Estimate
  • 17. Autonomous driving feature will continue to evolve significantly Source: Poised for disruption: Cost per mile for mobility in 2030 (Jan 2022) and Private autonomous vehicles: The other side of the robo-taxi story, McKinsey (December 2020) 23% 47% 39% 1% 16% 25% 2020 2025E 2030E Vehicle with Autonomous Driving Feature, % of total vehicle sale Level 2 Entry > Level 2 Entry End customer cost (USD), per mile relative basis Lower range - Upper range Pooled ride hailing Personal ride- hailing Taxi Private Car 2.5 3 1 3.4 5.8 4.3 1.5 6.3 Public Transit 0.4 0.9 Robo Shuttles (pooled) 0.6 1 Robo taxi (Not pooled) 1.2 2.5
  • 19. Cost Dynamics of a Battery-powered Electric Vehicle Source:An-Overview-of-Costs-for-Vehicle-Components-Fuels-Greenhouse-Gas-Emissions-and-Total-Cost-of-Ownership-Update, University of California.; Bloomberg NEF Cathode Manufacturing Electrolyte Separators Anode 3% 4% 7% 12% 24% 51% Cost of an EV Battery Cell 9-15% 7-19% 8-20% 4-9% 35-50% 11-27% Battery Pack Equipment Others Vehicle Body Drivetrain Chassis Cost Structure of a Electric Vehicle Battery Housings
  • 20. Understanding Electric Vehicle Supply Chain Source: Data as on December 30, 2020, Global X. Benchmark Market Intelligence, Li = Lithium UPSTREAM MIDSTREAM DOWNSTREAM 4. Lithium-lon Cell Manufacturing Cell assembly as well as electrolyte filling and formation for the final lithium-ion battery product. LEADING COUNTRY: China | 77% market share 5. Electric Vehicles Rechargeable lithium-ion batteries power electric vehicles (EVs). LEADING COUNTRY: China | ~54% market share 6. Other Battery-Powered Electric Mobility From bicycles, motorcycles, hoverboards, scooters, and other forms of personal transportation, battery powered vehicles are taking many forms. 1. Raw Material Extraction Main sources of raw lithium are underground deposits of brine and spodumene, a hard rock mineral. LEADING COUNTRY: Australia | ~45% market share of Lithium production 2. Chemical Processing To prepare lithium for battery use, careful chemical processing must take place to produce lithium carbonate or lithium hydroxide with as few contaminates as possible. LEADING COUNTRY: China | 59% market share 3. Cathode and Anode Production Lithium carbonate or hydroxide is inserted into the cathode of a battery, determining the capacity and voltage of it. LEADING COUNTRY: China | 61% market share
  • 21. Declining Battery cost is expected to drive up the demand of EV & lithium Source: Data as on Dec 31, 2021; Bloomberg: Prices shown are volume weighted Average Lithium Ion Battery Pack Prices. Continuous fall in the battery cost has made Electric Vehicle (EV) cheaper and is expected that that battery costs could be cut in half by 2030. 1,400 1,200 1,000 800 600 400 200 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 YEAR 1,220 946 744 684 606 393 302 226 185 165 140 132 Average Lithium Ion Battery Pack Price($/ kWh)
  • 22. China dominates the EV supply chain China dominates production at every stage of the EV supply chain. Three-quarters of battery cell production capacity is in China Source: Global EV Outlook 2022, International Energy Agency, Data as on December 31, 2021. Li = lithium; Ni = nickel; Co = cobalt; Gr = graphite; DRC = Democratic Republic of Congo. 100% 75% 50% 25% 0% Li Ni Co Gr China Europe Li United States Ni Co Gr Cathode Anode Battery production EV production Japan Korea DRC Australia Indonesia Russia Other Geographical distribution of the global EV battery supply chain Mining Material processing Cell components Battery Cells EVs
  • 23. Exploring the Future Mobility Landscape * The companies shown above form part of the index portfolio that the fund may invest in. The weights shown are based on a proposed allocation of 70% : 15% : 15% to Solactive Autonomous & Electric Vehicle Index, Solactive Global Lithium Index and Solactive China Electric Vehicle & Battery Index respectively. The proposed portfolio and their respective weights are shown in slide 36, 37. Battery Producers Pureplay EV Players Traditional Auto OEMs Tech Providers Autonomous Vehicles Raw Material Extraction Albemarle Corp Ganfeng Lithium Livent SQM Chile SA BYD Samsung SDI Panasonic CATL Intel Corp Honeywell Auto NVIDIA Corp Qualcomm Inc Tesla NIO Lucid Group XPeng Inc Volkswagen Toyota Motors Kia Corp General Motors Tesla Baidu Geely Automotive Alphabet
  • 24. Albemarle Ganfeng Lithium Baidu Toyota Intel NIKOLA Tesla XPeng Volkswagen Google Portfolio that captures entire ecosystem of Electric & Autonomous Vehicles space* Source: Bloomberg data as on 29th Jully, 2022, Company annual reports, Global X Charting Disruption Report; Fortune 500. * The companies shown above form part of the index portfolio that the fund may invest in. The weights shown are based on a proposed allocation of 70% : 15% : 15% to Solactive Autonomous & Electric Vehicle Index, Solactive Global Lithium Index and Solactive China Electric Vehicle & Battery Index respectively. The proposed portfolio and their respective weights are shown in slide 36, 37 Controls 25% of the lithium market 14% Market Share in Global EV Sales Leading Player in terms of Auto Technology Patents 2nd Largest EV Player in the World Google’s Wyamo leads the race for L4 automation China’s largest Lithium Compound Producer Achieved Level 4 in Autonomous Driving 30 EV Models by 2025 Industry Leader in PLD Tech used by Automotive Sector Uses Hydrogen Fuel Cell Tech for Commercial EVs
  • 25. Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund
  • 26. About the scheme :Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Fund Objective : Investor may get exposure into - Manufacturer of electric and Software Provider Chemicals and Raw Materials autonomous vehicles and components (batteries, fuel cells, car components, communication equipment, Electronic Components, semiconductor, electrical and power equipment’s) (communication, sensors, mapping, artificial intelligence, Advanced Driver Assistance Systems, ride-share platforms and network-connected services for transportation) (metal mining and products for example lithium, cobalt etc. Scheme may invest in - Benchmark of theScheme? Global X Electric and Autonomous Vehicles ETF/UCITS Global X Lithium & Battery Tech ETF/UCITS Global X China Electric Vehicle and Battery ETF Solactive Autonomous & Electric Vehicles Index (TRI) (INR) ● ● ● The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of overseas equity ETFs which are based on companies involved in development of Electric & Autonomous Vehicles and related technology, components and materials. There is no assurance that the investment objective of the Scheme will be realized. Source: Global X and Solactive Benchmark as on 29 July 2022; The above mentioned allocation is the proposed framework for the Scheme within the provisions of the Scheme Information Document and may or may not change in future without any prior notice.
  • 27. Description of investments in underlying Exchange Traded Funds (ETFs) The Fund of Fund will usually invest around the above mentioned range with some deviation based on parameters like momentum adjusted for volatility (Risk adjusted returns). The Fund of Fund may choose to invest in other ETFs and alter the allocation in accordance with the scheme Information Document. Source: Global X and Solactive Benchmark as on 29th July 2022; The above mentioned allocation is the proposed framework for the Scheme within the provisions of the Scheme Information Document and may or may not change in future without any prior notice. ETF Description Proposed Exposure by Fund of Fund (Approx. range) Global X Lithium & Battery Tech ETF 〇 The ETF seeks to invest in companies that are active in lithium mining, exploration or a closely related activity, and/or production of lithium batteries. 〇 The minimum number of constituents is 20 and the maximum number of constituents is 40. 10%-15% Global X Autonomous & Electric Vehicles ETF 〇 The ETF seeks to invest in companies that have or are expected to have significant exposure to Electric Vehicles and Autonomous Driving segments. 〇 The companies are classified into three type namely Electric Vehicle (EV) Company, Electric Vehicle Component (EVC) Company and Autonomous Vehicle Technology (AVT). 15, 30 and 30 company on maximum are selected for EV, EVC and AVT segment each respectively. 70%-80% Global X China Electric Vehicle and Battery ETF 〇 The ETF seeks to invest in 20 Chinese companies positioned to benefit from increasing penetration of electric vehicles, including companies that produce electric vehicles (“EVs”), EV components such as lithium batteries, equipment for battery production, and critical battery materials such as lithium and cobalt. 〇 The company must be headquartered in mainland China or Hong Kong. The security can be listed in Hong Kong, China or U.S. 10%-15%
  • 28. Theschememaychooseto invest in the UCITSETFwhereavailable dueto lower cost.Thedetailsof UCITS listedETFareasfollows: Underlying ETF Inception Date TER Net Asset Underlying Index No. of holdings Listing Global X Autonomous & Electric Vehicles ETF 13-04-2018 0.68% $ 983.82 Mn Solactive Autonomous & Electric Vehicles Index. 73 U.S. Global X Lithium & Battery Tech ETF 22-07-2010 0.75% $ 4.52 Bn Solactive Global Lithium Index 39 U.S. Global X China Electric Vehicle and Battery ETF 16-01-2020 0.68% $ 763.42 Mn Solactive China Electric Vehicle and Battery Index 19 Hong Kong Underlying ETF Inception Date TER Net Asset Underlying Index No. of holdings Listing Global X Autonomous & Electric Vehicles UCITS ETF 16-11-2021 0.50% $ 2.65 Mn Solactive Autonomous & Electric Vehicles v2 Index. 73 London Global X Lithium & Battery Tech UCITS ETF 07-12-2021 0.60% $ 15.79 Mn Solactive Global Lithium v2 Index 39 London Details of the underlying Exchange Traded Funds (ETFs) Source: Data as on July 29, 2022. Global X Europe, Global X US and Global X Hong Kong
  • 29. Periodic performance comparison Particular Since Apr’19 3 Year 2 Year 1 Year YTD 2022 Solactive Autonomous & Electric Vehicles Index (INR) (A) 25.2% 28.7% 29.6% -9.3% -15.3% Solactive Global Lithium Index (INR) (B) 39.7% 49.8% 49.0% -3.5% -6.0% Solactive China Electric Vehicle and Battery Index (INR) (C) 49.3% 64.5% 44.6% -9.2% -12.7% Weighted Average Return (INR) * (Ratio A:B:C) 32.4% 38.4% 36.3% -7.1% -12.8% NASDAQ-100 Index (INR) 24.0% 25.0% 13.2% -6.9% -14.8% S&P 500 Index (INR) 18.3% 18.9% 17.6% 1.8% -6.6% Nifty 50 Index (INR) 13.7% 17.0% 26.2% 10.3% -0.2% INR/USD 4.2% 4.9% 3.1% 6.8% 6.9% Source: Bloomberg data as on July 29, 2022; Exchange rate of FBIL are used for conversion of index value from USD to INR. Past performance may or may not sustain in future. The index return are in Total Return Variant. The data shown above pertains to the index and does not in manner indicate performance of any scheme of the Fund. * Weighted Average Return is based on allocation to underlying three indices of 70% : 15% : 15% to (A) Solactive Autonomous & Electric Vehicle Index, (B)Solactive Global Lithium Index and (C)) Solactive China Electric Vehicle & Battery Index respectively, reset on a daily basis. Since April 1, 2019. IF INR appreciates against the currency in which investments are made then the value of foreign asset declines as a result of which the fund investing in such foreign asset will also bear the impact of it
  • 30. Particular Since Apr’19 3 Year 2 Year 1 Year YTD 2022 Solactive Autonomous & Electric Vehicles Index (INR) (A) 28.4% 29.3% 25.5% 28.8% 34.2% Solactive Global Lithium Index (INR) (B) 30.4% 31.7% 28.6% 28.5% 30.4% Solactive China Electric Vehicle and Battery Index (INR) (C) 39.2% 40.2% 41.3% 40.4% 41.8% Weighted Average Volatility (INR) * (Ratio A:B:C) 26.0% 26.8% 23.9% 25.8% 30.0% NASDAQ-100 Index (INR) 27.6% 28.7% 25.3% 28.2% 34.4% S&P 500 Index (INR) 23.4% 24.5% 18.0% 20.6% 24.8% Nifty 50 Index (INR) 21.9% 22.7% 16.9% 17.5% 20.2% INR/USD 4.8% 4.9% 4.4% 4.4% 4.6% Periodicvolatilitycomparison Lower correlationamong the three underlying indices aids diversification at portfolio level resulting in relatively lower aggregate portfolio volatility Source: Bloomberg data as on July 29, 2022; Exchange rate of FBIL are used for conversion of index value from USD to INR. Past performance may or may not sustain in future. The index return are in Total Return Variant. The data shown above pertains to the index and does not in manner indicate performance of any scheme of the Fund. * Weighted Average RISK is based on allocation to underlying three indices of 70% : 15% : 15% to (A) Solactive Autonomous & Electric Vehicle Index, (B)Solactive Global Lithium Index and (C)) Solactive China Electric Vehicle & Battery Index respectively, reset on a daily basis. Since April 1, 2019.
  • 31. Relativevaluationandearningpotential Companies engaged in electric vehicle & related components are trading at relatively attractive valuations with reasonable earning potential in the future. Particular 3 Year Bloomberg EPS Estimate (CAGR)* Best P/E Ratio 3 Yr. Avg Best P/E Ratio (Historical) Premium/ (Discount) Solactive Autonomous & Electric Vehicles Index 41.9% 17.9x 32.4x -44.8% Solactive China Electric Vehicle and Battery Index 37.3% 27.3x 50.4x -46.0% Solactive Global Lithium Index 25.8% 19.8x 34.5x -42.6% NASDAQ-100 Index 14.4% 23.6x 27.1x -12.8% S&P 500 Index 9.7% 18.2x 21.3x -14.7% Nifty 50 Index 10.4% 20.0x 21.7x -7.7% Source: Bloomberg data as on July 29, 2022; *Above/Below past 3 years average (Red and green color denotes the said security is expensive or cheap relative to its historical valuation respectively).. Past performance may or may not sustain in future. The data shown above pertains to the index and does not in manner indicate performance of any scheme of the Fund. PE stands for Price to Earning Ratio, EPS is Earning Per Share, Best P/E is 12 month forward price to earning ratio. *Bloomberg EPS estimate is Consensus estimate which may or may not come true and should not be constructed as expectation of earning in any manner.
  • 32. Exposure to entire spectrum of Electric Vehicle supply chain GICS Sub-Industry Solactive Autonomous & Electric Vehicles Index Solactive Global Lithium Index Solactive China Electric Vehicle and Battery Index Weighted Avg. Industry Exposure* (70%-15%-15%) Automobiles 22.6% 10.0% 10.1% 18.9% Chemicals 9.0% 37.0% 32.6% 16.7% Electrical Equipment 5.9% 17.8% 36.0% 12.2% Semiconductors 15.7% 3.6% - 11.5% Metals & Mining 9.9% 13.8% 8.8% 10.4% Auto Components 11.0% 1.3% 0.9% 8.1% Machinery 4.4% 0.7% 11.6% 4.9% Electronic Equipment 4.4% 11.5% - 4.8% Interactive Media 4.9% - - 3.4% Software 4.3% - - 3.0% Technology Hardware 3.7% - - 2.6% Industrial Conglomerates 3.0% - - 2.1% Household Durables 1.1% 4.4% - 1.5% Source: Bloomberg data as on July 29, 2022. Past performance may or may not sustain in future. The index return are in Total Return Variant. The data shown above pertains to the index and does not in manner indicate performance of any scheme of the Fund. * Weighted Average Industry Exposure is based on allocation to underlying three indices of 70% : 15% : 15% to Solactive Autonomous & Electric Vehicle Index,. Solactive Global Lithium Index and C. Solactive China Electric Vehicle & Battery Index respectively. The sector(s )/stock(s)/issuer(s) mentioned in this presentation do not constitute any research report/recommendation of the same and the Fund may or may not have any future position in these sector(s/) stock(s)/issuer. GICS stands for Global Industry Classification Standard
  • 33. Diversified country exposure Geographically diversified exposureto relevant companiesbelonging to EVand AVecosystem Country Solactive Autonomous & Electric Vehicles Index Solactive Global Lithium Index Solactive China Electric Vehicle and Battery Index Proposed Weighted Average Exposure * (70%-15%-15%) UNITED STATES 58.4% 20.5% - 43.8% CHINA 4.8% 42.3% 100.0% 24.7% JAPAN 9.5% 9.5% - 8.4% SOUTH KOREA 2.7% 11.6% - 3.7% GERMANY 4.7% 0.6% - 3.3% CANADA 3.6% 1.4% - 2.8% NETHERLANDS 4.1% 0.4% - 2.7% AUSTRALIA 2.7% 6.8% - 2.6% CHILE 2.4% 5.9% - 2.4% FRANCE 1.7% - - 1.3% HONG KONG 1.1% - - 1.1% BRITAIN 1.3% - - 0.9% ISRAEL 1.1% - - 0.8% IRELAND 1.2% - - 0.8% LUXEMBOURG 0.7% - - 0.5% TAIWAN - 0.6% - 0.1% NORWAY - 0.4% - 0.0% Source: Bloomberg data as on July 29, 2022. Past performance may or may not sustain in future. The index return are in Total Return Variant. The data shown above pertains to the index and does not in manner indicate performance of any scheme of the Fund. *Weighted Average exposure of the fund is based on allocation to underlying three indices of 70% : 15% : 15% to Solactive Autonomous & Electric Vehicle Index, Solactive Global Lithium Index and Solactive China Electric Vehicle & Battery Index respectively.
  • 34. Why you may consider investing in the fund ? Source: Bloomberg data as on July 29, 2022; Exchange rate of FBIL are used for conversion of index value from USD to INR. Past performance may or may not sustain in future. The index return are in Total Return Variant. The data shown above pertains to the index and does not in manner indicate performance of any scheme of the Fund. * Weighted average return is based on allocation to underlying three indices of 70% : 15% : 15% to Solactive Autonomous & Electric Vehicle Index, Solactive Global Lithium Index and Solactive China Electric Vehicle & Battery Index respectively. ~Investors may note that they will bear recurring expenses of the underlying scheme in addition to the expenses of this scheme. Endeavours to provide exposure to the entire ecosystem of Electric and Autonomous Vehicles, from Mining to Vehicle Manufactures. Seeks to have a diversified portfolio with exposure to companies from multiple countries catering to the theme. Comparatively lower cost due investments in Exchange traded funds. Also ensures higher portfolio transparency and lower active risk ~ An allocation of 70%:15%:15% to the three underlying indices has generated return of 38.4% v/s 25.0% by NASDAQ 100 in last 3 years.(Slide 29) Thematic investments may seek to provide exposure to upcoming segments with high potential but are also associated with higher risk/Volatility.
  • 35. Scheme Details NFO Period 16th August 2022 to 30th August 2022 Fund Manager Mr. Siddharth Srivastava Minimum Investment in NFO Rs. 5000/- (in multiples of Re. 1/- thereafter) Minimum Additional Application Amount post NFO Rs. 1000/- and in multiples of Re. 1/- thereafter. Taxation Debt Benchmark Solactive Autonomous & Electric Vehicles Index (TRI) (INR) Plan & Options Regular Plan and Direct Plan with Growth Option Facility Offered * SIP, STP & SWP (transaction through electronic mode), GRIP Exit Load If redeemed within 1 year (365 days) from the date of allotment: 1% If redeemed after 1 year (365 days) from the date of allotment: NIL *SIP: Systematic Investment Plan; STP: Systematic Transfer Plan; SWP: Systematic Withdrawal Plan; GRIP: Group Investment Plan Type of Scheme An open-ended fund of fund scheme investing in overseas equity Exchange Traded Funds which are based on companies involved in development of Electric & Autonomous Vehicles and related technology, components and materials
  • 36. Source: Bloomberg data as on July 29, 2022. Past performance may or may not sustain in future. *The Proposed Weighted Average Holdings is based on allocation to underlying three indices of 70% : 15% : 15% to Solactive Autonomous & Electric Vehicle Index, Solactive Global Lithium Index and Solactive China Electric Vehicle & Battery Index respectively. Constituent from underlying ETFs forming part of the fund (Part 1)* Sr.No Company Name Weight* Sr.No Company Name Weight* 1 ALBEMARLE CORP 2.98% 26 BAIDU INC - SPON ADR 1.15% 2 TESLA INC 2.88% 27 MICROVISION INC 1.12% 3 QUIMICA Y MINERA CHIL-SP ADR 2.60% 28 SHANGHAI PUTAILAI NEW ENER-A 1.11% 4 APPLE INC 2.56% 29 FORD MOTOR CO 1.10% 5 EVE ENERGY CO LTD-A 2.37% 30 HONDA MOTOR CO LTD 1.10% 6 ALPHABET INC-CL A 2.28% 31 WABTEC CORP 1.08% 7 CONTEMPORARY AMPEREX TECHN-A 2.28% 32 GENERAL MOTORS CO 1.02% 8 TOYOTA MOTOR CORP 2.16% 33 VISTEON CORP 1.02% 9 QUALCOMM INC 2.15% 34 PILBARA MINERALS LTD 0.98% 10 HONEYWELL INTERNATIONAL INC 2.09% 35 BLOOM ENERGY CORP- A 0.97% 11 GANFENG LITHIUM CO LTD-A 2.06% 36 SUNWODA ELECTRONIC CO LTD-A 0.96% 12 INTEL CORP 1.80% 37 HYUNDAI MOTOR CO 0.96% 13 NVIDIA CORP 1.79% 38 HARLEY-DAVIDSON INC 0.94% 14 MICROSOFT CORP 1.63% 39 ENERSYS 0.93% 15 SHENZHEN INOVANCE TECHNOLO-A 1.62% 40 KIA CORP 0.93% 16 GUANGZHOU TINCI MATERIALS -A 1.55% 41 JOHNSON MATTHEY PLC 0.91% 17 BYD CO LTD -A 1.52% 42 STELLANTIS NV 0.90% 18 PANASONIC HOLDINGS CORP 1.46% 43 CARPENTER TECHNOLOGY 0.90% 19 TIANQI LITHIUM CORP-A 1.25% 44 INFINEON TECHNOLOGIES AG 0.89% 20 NXP SEMICONDUCTORS NV 1.20% 45 PLUG POWER INC 0.88% 21 ALLKEM LTD 1.19% 46 VITESCO TECHNOLOGIES GROUP A 0.87% 22 ATI INC 1.19% 47 APTIV PLC 0.86% 23 ON SEMICONDUCTOR 1.18% 48 BYD CO LTD-H 0.85% 24 CABOT CORP 1.17% 49 AMERICAN AXLE & MFG HOLDINGS 0.84% 25 LIVENT CORP 1.17% 50 VOLKSWAGEN AG-PREF 0.83%
  • 37. Constituent from underlying ETFs forming part of the fund (Part 2)* Source: Bloomberg data as on July 29, 2022. Past performance may or may not sustain in future. *The Proposed Weighted Average Holdings is based on allocation to underlying three indices of 70% : 15% : 15% to Solactive Autonomous & Electric Vehicle Index, Solactive Global Lithium Index and Solactive China Electric Vehicle & Battery Index respectively. Sr. No. Company Name Weight* Sr. No. Company Name Weight* 51 BEIJING EASPRING MATERIAL-A 0.82% 81 XPENG INC - ADR 0.60% 52 LEAR CORP 0.82% 82 NINGBO RONBAY NEW ENERGY T-A 0.58% 53 NIO INC - ADR 0.82% 83 NIKOLA CORP 0.55% 54 CEVA INC 0.81% 84 NAURA TECHNOLOGY GROUP CO-A 0.53% 55 LG CHEM LTD 0.80% 85 AMBARELLA INC 0.51% 56 PIEDMONT LITHIUM INC 0.80% 86 APERAM 0.48% 57 GS YUASA CORP 0.80% 87 NINGBO SHANSHAN CO LTD-A 0.45% 58 GEELY AUTOMOBILE HOLDINGS LT 0.80% 88 SHENZHEN CAPCHEM TECHNOLOG-A 0.44% 59 GANFENG LITHIUM CO LTD-H 0.77% 89 FAURECIA 0.40% 60 DENSO CORP 0.77% 90 TANAKA CHEMICAL CORP 0.39% 61 TOMTOM NV 0.77% 91 LUMINAR TECHNOLOGIES INC 0.39% 62 INNOVIZ TECHNOLOGIES LTD 0.77% 92 MINERAL RESOURCES LTD 0.39% 63 YUNNAN ENERGY NEW MATERIAL-A 0.76% 93 CNGR ADVANCED MATERIAL CO -A 0.28% 64 RENAULT SA 0.76% 94 NOVONIX LTD 0.26% 65 ITT INC 0.73% 95 L&F CO LTD 0.25% 66 HYSTER-YALE MATERIALS 0.72% 96 ZHEJIANG YONGTAI TECH-A 0.25% 67 II-VI INC 0.71% 97 VELODYNE LIDAR INC 0.22% 68 STANDARD LITHIUM LTD 0.70% 98 SHENZHEN YINGHE TECHNOLOGY-A 0.20% 69 NISSAN MOTOR CO LTD 0.69% 99 LITHIUM AMERICAS CORP 0.16% 70 TDK CORP 0.69% 100 ROMEO POWER INC 0.15% 71 CONTINENTAL AG 0.66% 101 NINGBO XUSHENG AUTO TECHNO-A 0.13% 72 BALLARD POWER SYSTEMS INC 0.66% 102 VARTA AG 0.09% 73 GOTION HIGH-TECH CO LTD-A 0.66% 103 SIMPLO TECHNOLOGY CO LTD 0.09% 74 BLACKBERRY LTD 0.63% 104 ILJIN MATERIALS CO LTD 0.07% 75 QUANTUMSCAPE CORP 0.63% 105 FREYR BATTERY SA 0.06% 76 SAMSUNG SDI CO LTD 0.62% 106 AMG ADVANCED METALLURGICAL 0.05% 77 GENTHERM INC 0.62% 107 TIANNENG POWER INTL LTD 0.05% 78 INDIE SEMICONDUCTOR INC-A 0.62% 108 IONEER LTD 0.04% 79 SHENZHEN DYNANONIC CO LTD-A 0.61% 109 VULCAN ENERGY RESOURCES LTD 0.03% 80 LUNDIN MINING CORP 0.61% 110 MICROVAST HOLDINGS INC 0.02%
  • 38. Disclaimers Solactive Disclaimer: Solactive AG ("Solactive") is the licensor of (the "Index"). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or completeness of the Index; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index. Solactive reserves the right to change the methods of calculation or publication with respect to the Index. Solactive shall not be liable for any damages suffered or incurred as a result of the use (or inability to use) of the Index." Statutory Details: Trustee: Mirae Asset Trustee Company Private Limited; Investment Manager: Mirae Asset Investment Managers (India) Private Limited (AMC); Sponsor: Mirae Asset Global Investments Company Limited. The information contained in this document is compiled from third party and publically available sources and is included for general information purposes only. There can be no assurance and guarantee on the yields. Views expressed by the Fund Manager cannot be construed to be a decision to invest. The statements contained herein are based on current views and involve known and unknown risks and uncertainties. Whilst Mirae Asset Investment Managers (India) Private Limited (the AMC) shall have no responsibility/liability whatsoever for the accuracy or any use or reliance thereof of such information. The AMC, its associate or sponsors or group companies, its Directors or employees accepts no liability for any loss or damage of any kind resulting out of the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information contained herein. Any reliance on the accuracy or use of such information shall be done only after consultation to the financial consultant to understand the specific legal, tax or financial implications. Mutual fund investments are subject to market risks, read all scheme related documents carefully. For further information about other schemes (product labelling and performance of the fund) please visit the website of the AMC: www.miraeassetmf.co.in Please consult your financial advisor before investing
  • 39. THANK YOU Follow us on: Mutual Fund investments are subject to market risks, read all scheme related documents carefully.