Mirae Asset Mutual Fund launches Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund

NFO period: 10^th May – 24^th May, 2024

Highlights of the NFO:

• Scheme type – An open-ended fund of fund scheme investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 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 MidSmallcap400 Momentum Quality 100 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 by investing predominantly in units of Mirae Asset Nifty Midsmallcap400 momentum quality 100ETF. 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 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 and Mr. Vishal Singh


• Benchmark – Nifty MidSmallcap400 Momentum Quality 100 TRI (Total Return Index)