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Mirae Asset MF introduces Nifty SDL Jun 2027 Index Fund
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Mirae Asset Mutual Fund (MF) has launched Mirae Asset Nifty SDL Jun 2027 Index Fund, an open-ended target maturity Index Fund investing in the constituents of Nifty SDL Jun 2027 Index with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on March 25, 2022 and closes on March 29, 2022. The Entry load and Exit load is nil 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 SDL Jun 2027 Index and its fund manager is Mahendra Kumar Jajoo.
The investment objective of the scheme is to track the Nifty SDL Jun 2027 Index by investing in State Development Loans (SDL), maturing on or before June 15, 2027, subject to tracking errors.
