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Mirae Asset Mutual Fund launches Mirae Asset Gold ETF Fund of Fund

by News Team | Mutual Fund

NFO period: 16th October - 22nd October, 2024

Highlights of the NFO:

  • Scheme type - An open-ended fund of fund scheme investing in units of Mirae Asset Gold ETF.

  • Investment objective - The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Gold ETF. There is no assurance that the investment objective of the Scheme will be achieved.

  • Product suitability - This product is suitable for investors who are seeking investments predominantly in units of Mirae Asset Gold ETF. To generate long-term capital appreciation/income.

  • Minimum Application Amount - Rs. 5000/- and in multiples of Re. 1/- thereafter.

  • Plan/ Options available - Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (with IDCW Payout and IDCW Reinvestment).

  • Fund Managers - Ms. Ritesh Patel and Mr. Akshay Udeshi

  • Benchmark - Domestic price of physical gold.

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