Mirae Asset Mutual Fund launches Mirae Asset Nifty Next 50 ETF (MANXT50ETF)

NFO period: 13^th January – 21^st January, 2020

Highlights of the NFO:

• Scheme type – An open ended scheme replicating/tracking Nifty Next 50 Total Return Index


• Investment objective – The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Next 50 Total Return Index, 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 that are commensurate with the performance of the NIFTY Next 50, subject to tracking errors over long term by investing in equity securities covered by the NIFTY Next 50.


• 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 – Ms. Bharti Sawant


• Benchmark – Nifty Next 50 TRI (Total Return Index)