Mirae Asset Mutual Fund launches Mirae Asset Nifty Total Market Index Fund

NFO period: 08^th October – 22^nd October, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating / tracking Nifty Total Market Total Return Index


• Investment objective – The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of Nifty Total Market 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 are commensurate with the performance of Nifty Total Market Total Return Index, subject to tracking error over long term by investing in securities constituting Nifty Total Market Total Return index.


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


• Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of Income Distribution cum capital withdrawal option and Reinvestment of Income Distribution cum capital withdrawal option).


• Fund Manager – Ms. Ekta Gala and Mr. Vishal Singh


• Benchmark – Nifty Total Market Total Return Index