Mirae Asset Mutual Fund launches Mirae Asset Nifty 1D Rate Liquid ETF Growth

NFO period: 04^th November - 06^th November, 2024

Highlights of the NFO:

• Scheme type - An open-ended listed liquid scheme in the form of an Exchange Traded Fund tracking Nifty 1D Rate Index, with growth option. A relatively low interest rate risk and relatively low credit risk


• Investment objective - The investment objective is to seek to provide current income, commensurate with low risk while providing a high level of liquidity through a portfolio of Tri-Party Repo on Government Securities or T-bills / Repo & Reverse Repo. The scheme endeavors to provide returns that before expenses, closely correspond to the returns of Nifty 1D Rate Index subject to tracking errors. However, the scheme does not assure or guarantee any returns. 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 a liquid exchange traded fund that aims to provide returns commensurate with low risk and providing high level of liquidity short term saving solution.


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


• Plan/ Options available - There are no plans under the scheme. The scheme will offer only growth option.


• Fund Manager - Mr. Amit Modani


• Benchmark - Nifty 1D Rate Index