Mirae Asset MF introduces Nifty India Manufacturing ETF FoF
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Mirae Asset Mutual Fund (MF) has launched the Mirae Asset Nifty India Manufacturing ETF Fund of Fund (FoF), an open-ended fund of fund scheme predominantly investing in Mirae Asset Nifty India Manufacturing ETF. The NFO opens for subscription on January 10, 2022 and closes on January 24, 2022. The Entry load is not applicable for the scheme. The Exit load will be 0.50%, If redeemed within 3 months from the date of allotment and nil, if redeemed after 3 months from the date of allotment. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked to the performance of the Nifty India Manufacturing TRI (Total Return Index) and its fund manager is Ekta Gala.
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF.
