Mirae Asset Mutual Fund launches Mirae Asset Nifty Bank ETF

NFO period: 12^th July – 18^th July, 2023

Highlights of the NFO:

• Scheme type – An open ended scheme replicating/tracking Nifty Bank 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 Bank Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme would be achieved.


• Product suitability – This product is suitable for investors who are seeking returns that commensurate with performance of Nifty Bank Total Return Index, subject to tracking error over long term by investing in equity securities covered by Nifty Bank 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


• Benchmark – Nifty Bank TRI (Total Return Index)