Mirae Asset Mutual Fund (MF) has launched the Mirae Asset Nifty Financial Services ETF, an open-ended scheme replicating/tracking Nifty Financial Services Total Return Index. The NFO opens for subscription on July 22, 2021, and closes on July 29, 2021. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked with Nifty Financial Services TRI (Total Return Index) and its fund manager is Ekta Gala.
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Financial Services Total Return Index, subject to tracking error.