12/07/2023 2:08:27 PM | Source: Accord Fintech
Mirae Asset MF introduces Nifty Bank ETF
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.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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