Thu Feb 09 11:17:00 IST 2023

Mirae Asset Mutual Fund launches Mirae Asset Gold ETF

NFO period: 09th February - 15th February, 2023

Highlights of the NFO:

  • Scheme type - An open-ended scheme replicating/tracking Domestic Price of Gold

  • Investment objective - To generate returns that are in line with the performance of physical gold in domestic prices, subject to tracking error. The Scheme does not guarantee or assure any returns.

  • Product suitability - This product is suitable for investors who are seeking returns in-line with physical gold over medium to long-term, subject to tracking errors by investing in physical gold of 99.5% purity (fineness).

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

  • Plan/ Options available - The scheme does not offer any Plans/Options for investment.

  • Fund Manager - Mr. Ritesh Patel

  • Benchmark - Domestic Price of Physical Gold

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