Mirae Asset Mutual Fund launches Mirae Asset S&P 500 Top 50 ETF

NFO period: 01^st September – 14^th September, 2021

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking S&P 500 Top 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 S&P 500 Top 50 Total Return Index, subject to tracking error and forex movement. 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 S&P 500 Top 50 Total Return Index, subject to tracking error and foreign exchange movement by investing in equity securities covered by S&P 500 Top 50 Total Return Index.


• 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 – Mr. Siddharth Srivastava


• Benchmark – S&P 500 TOP 50 TRI (Total Return Index) (INR)