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Mirae Asset MF introduces Money Market Fund
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Mirae Asset (MF) has launched the Mirae Asset Money Market Fund, an open-ended debt scheme investing in money market instruments. The NFO opens for subscription on August 04, 2021, and closes on August 10, 2021. The Entry load and Exit load is nil 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 to the performance of the NIFTY Money Market Index and its fund manager is Mahendra Kumar Jajoo.
The investment objective of the scheme is to generate reasonable returns with low risk and provide liquidity by investing in money market instruments.
