Mirae Asset MF introduces Nifty Bank ETF
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Mirae Asset Mutual Fund (MF) has launched Mirae Asset Nifty Bank ETF, an open-ended scheme replicating/tracking Nifty Bank Total Return Index. The NFO opens for subscription on July 12, 2023 and closes on July 18, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against Nifty Bank 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 Bank Total Return Index, subject to tracking error.
