Mirae Asset Mutual Fund launches Mirae Asset Nifty EV and New Age Automotive ETF

NFO period: 24^th June – 05^th July, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking Nifty EV and New Age Automotive 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 EV and New Age Automotive Total Return Index, subject to tracking error. The scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the scheme will be achieved.


• Product suitability – This product is suitable for investors who are seeking returns that commensurate with performance of Nifty EV and New Age Automotive Total Return Index, subject to tracking error over long term by investing in equity securities covered by Nifty EV and New age Automotive 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 – Ms. Ekta Gala and Mr. Akshay Udeshi


• Benchmark – Nifty EV and New Age Automotive TRI (Total Return Index)