Mirae Asset Mutual Fund launches Mirae Asset Banking and PSU Debt Fund

NFO period: 08^th July – 20^th July, 2020

Highlights of the NFO:

• Scheme type – An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds


• Investment objective – The investment objective of the scheme is to generate income / capital appreciation through predominantly investing in debt and money market instruments issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) and Municipal Bonds.


• Product suitability – This product is suitable for investors who are seeking income over short to medium term. To generate income / capital appreciation through predominantly investing in debt and money market instruments issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds.


• 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 Dividend Option (Payout & Reinvestment Facility).


• Fund Manager – Mr. Mahendra Kumar Jajoo


• Benchmark – NIFTY Banking and PSU Debt Index