Mirae Asset Mutual Fund launches Mirae Asset Long Duration Fund

NFO period: 21^st November - 02^nd December, 2024

Highlights of the NFO:

• Scheme type - An open-ended debt scheme investing in instruments such that the Macaulay Duration of the portfolio is greater than 7 years. A relatively high interest rate risk and relatively low credit risk


• Investment objective - The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments such that the Macaulay duration of the portfolio is greater than 7 years. However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns.


• Product suitability - This product is suitable for investors who are seeking optimal returns over the long term by investing in an actively managed diversified portfolio of debt and money market investments.


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


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


• Fund Manager - Ms. Kruti Chheta


• Benchmark - CRISIL Long Duration Debt AIII Index