IGI Logo

Mirae Asset Mutual Fund has filed offer document with SEBI to launch an open-ended fund of fund scheme named ‘Mirae Asset Artificial Intelligence & Technology ETF Fund of Fund'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers growth option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by Indxx Artificial Intelligence & Big Data Index (TRI)(INR). The minimum application amount is Rs 5000 and Re 1 thereafter.

The investment objective of the scheme to provide long-term capital appreciation from a portfolio investing in units of units of Global X Artificial Intelligence & Technology ETF.