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Mirae Asset Mutual Fund launches Mirae Asset Nifty India Manufacturing ETF Fund of Fund

by News Team | Mutual Fund

NFO period: 10th January - 24th January, 2022

Highlights of the NFO:

  • Scheme type - An open-ended fund of fund scheme predominantly investing in Mirae Asset Nifty India Manufacturing ETF

  • Investment objective - The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF. 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 predominantly in unit of Mirae Aset Nifty India Manufacturing ETF.

  • 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 and Income Distribution cum Capital Withdrawal (IDCW) Option. The IDCW Option shall have only Reinvestment of IDCW and Payout of IDCW Option.

  • Fund Manager - Ms. Ekta Gala

  • Benchmark - Nifty India Manufacturing TRI (Total Return Index)

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