6 May 2024 , 04:10 PM
Mirae Asset Mutual Fund is launching NFO under its “ETF scheme”, named as Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF. The open ended fund aims to generate returns, before expenses, that are commensurate with the performance of the Nifty MidSmallcap400 Momentum Quality 100 Total Return Index, subject to tracking error.
Investment strategy: The investment strategy of the Scheme will be to invest in a basket of securities forming part of Nifty MidSmallcap400 Momentum Quality 100 Index in similar weight proportion.
Asset allocation: The Scheme will invest in the stocks falling under the Nifty MidSmallcap400 Momentum Quality 100 Index and debt and money market instruments.
Who should invest?
Investors with a very high-risk appetite should invest in the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF for 5 or more years.
Risk associated: Very high level of risk.
Benchmark: Nifty MidSmallcap400 Momentum Quality 100 Index
Fund Managers: Mr. Rakesh Sethia, Mr. Dhruv Muchhal
The NFO is available for subscription from May 06 to May 17. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is ₹50 00/- and in multiples of any amount thereafter.
It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF.
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