Mirae Asset Mutual Fund launches Mirae Asset Nifty Midcap 150 ETF

NFO period: 24^th February – 04^th March, 2022

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking Nifty Midcap 150 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 Midcap 150 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 Midcap 150 Index, subject to tracking errors over the long-term by investing in equity securities covered by the NIFTY Midcap 150 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


• Benchmark – Nifty Midcap 150 TRI (Total Return Index)