Mirae Asset Mutual Fund launches Mirae Asset Nifty500 Multicap 50:25:25 ETF

NFO period: 12^th August – 26^th August, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking Nifty500 Multicap 50:25:25 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 Nifty500 Multicap 50:25:25 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 Nifty500 Multicap 50:25:25 Total return index, subject to tracking error over long term by investing in equity securities covered by Nifty500 Multicap 50:25:25 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. Vishal Singh


• Benchmark – Nifty500 Multicap 50:25:25 TRI (Total Return Index)