Mon Jul 08 09:56:13 IST 2024

Mirae Asset Mutual Fund launches Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund

NFO period: 08th july ? 22nd July, 2024

Highlights of the NFO:

  • Scheme type ? An open-ended fund of fund scheme investing in units of Mirae Asset Nifty200 Alpha 30 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 Nifty200 Alpha 30 ETF. 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 by investing predominantly in units of Mirae Asset Nifty200 Alpha 30 ETF. 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 ? Nifty200 Alpha 30 TRI (Total Return Index)

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