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Mirae Asset Mutual Fund launches Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund

by News Team | Mutual Fund

NFO period: 16th August - 30th August, 2022

Highlights of the NFO:

  • Scheme type - 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

  • Investment objective - 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.

  • Product suitability - This product is suitable for investors who are seeking to generate long-term capital appreciation/income by investing in units of equity ETFs which are based on companies involved in development of Electric & Autonomous Vahicles and related technology, components and materials.

  • Minimum Application Amount - First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available - Regular Plan and Direct Plan having Growth Option only.

  • Fund Manager - Mr. Siddharth Srivastava

  • Benchmark - Solactive Autonomous & Electric Vehicles Index (TRI) (INR)

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)