Mirae Asset Mutual Fund launches Mirae Asset Nifty India New Age Consumption ETF Fund of Fund

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

Highlights of the NFO:

• Scheme type – An open-ended fund of fund scheme investing in units of Mirae Asset Nifty India New Age Consumption ETF


• Investment objective – The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty India New Age Consumption ETF. 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 investments predominantly in units of Mirae Asset Nifty India New Age Consumption ETF. To generate long term capital appreciation/income.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan & Direct Plan having Growth option and Income Distribution cum Capital Withdrawal (IDCW) option with Payout of Income Distribution cum Capital Withdrawal sub-option, Reinvestment of Income Distribution cum Capital Withdrawal sub-option.


• Fund Manager – Ms. Ekta Gala and Mr. Akshay Udeshi


• Benchmark – Nifty India New Age Consumption TRI(Total Return Index)