Mirae Asset Mutual Fund launches Mirae Asset Nifty PSU Bank ETF

NFO period: 24^th September – 30^th September, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking Nifty PSU 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 PSU Bank 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 are commensurate with the performance of Nifty PSU Bank Total Return Index, subject to tracking error over ling term by investing in equity securities covered by Nifty PSU 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 and Mr. Akshay Udeshi(Co- Fund Manager)


• Benchmark – Nifty PSU Bank TRI (Total Return Index)