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Mirae Asset Mutual Fund launches Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund

by News Team | Mutual Fund

NFO period: 10th May – 24th May, 2024

Highlights of the NFO:

  • Scheme type – An open-ended fund of fund scheme investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 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 Nifty MidSmallcap400 Momentum Quality 100 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 by investing predominantly in units of Mirae Asset Nifty Midsmallcap400 momentum quality 100ETF. To generate long-term capital appreciation/income.

  • 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 and Mr. Vishal Singh

  • Benchmark – Nifty MidSmallcap400 Momentum Quality 100 TRI (Total Return Index)

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