Mirae Asset Mutual Fund launches Mirae Asset Nifty India Manufacturing ETF Fund of Fund

NFO period: 10^th January – 24^th January, 2022

Highlights of the NFO:

• Scheme type – An open-ended fund of fund scheme predominantly investing in Mirae Asset Nifty India Manufacturing ETF


• Investment objective – The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF. There is no assurance that the investment objective of the scheme will be realized.


• Product suitability – This product is suitable for investors who are seeking to generate long-term capital appreciation/ income by investing predominantly in unit of Mirae Aset Nifty India Manufacturing ETF.


• 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 Income Distribution cum Capital Withdrawal (IDCW) Option. The IDCW Option shall have only Reinvestment of IDCW and Payout of IDCW Option.


• Fund Manager – Ms. Ekta Gala


• Benchmark – Nifty India Manufacturing TRI (Total Return Index)