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Mirae Asset Mutual Fund (MF) has launched the Mirae Asset Nifty Midcap 150 ETF, an open-ended scheme replicating/tracking Nifty Midcap 150 Total Return Index. The NFO opens for subscription on February 24, 2022 and closes on March 04, 2022. The Entry load and the Exit load is not applicable 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 Midcap 150 TRI 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 Midcap 150 Total Return Index, subject to tracking error.