Mirae Asset AMC announces change in risk-o-meter
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Mirae Asset has announced addendum to the Scheme Information Documents (SIDs)/ Key Information Memorandums (KIMs) cum Common Application Form of all Scheme(s) of Mirae Asset Mutual Fund (MAMF) as amended from time to time.
Mirae Asset Investment Managers (India) has informed that in accordance with SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated October 05, 2020, risk-o-meter of Mirae Asset Short Term Fund stands revised from ‘Low to Moderate’ to ‘Moderate’, based on the evaluation of risk levels as on May 31, 2023. Mirae Asset Short Term Fund is an open-ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years. A relatively high interest rate risk and moderate credit risk.
All other terms and conditions of the scheme remain unchanged. This addendum forms an integral part of the Scheme Information Documents/ Key Information Memorandums of the Scheme(s) of the Fund as amended from time to time.
