Mirae Asset Mutual Fund launches Mirae Asset Ultra Short Duration Fund

NFO period: 28^th September – 06^th October, 2020

Highlights of the NFO:

• Scheme type – An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months


• Investment objective – The investment objective of the scheme is to generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be realized.


• Product suitability – This product is suitable for investors who are seeking income over a short term investment horizon by investing in debt & money market securities with portfolio Macaulay duration between 3 month & 6 months.


• 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 (with Dividend Reinvestment and Payout Facility).


• Fund Manager – Mr. Mahendra Kumar Jajoo


• Benchmark – NIFTY Ultra Short Duration Debt Index