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Mirae Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Mirae Asset Nifty Midcap 150 ETF ‘. The New Fund Offer price is for  Sale  of  Units  at  1/1000th  value  of  the Nifty Midcap  150closing  Index  as  on  the  date  of  allotment  for applications received during the New  Fund Offer (‘NFO’) period and at approximately indicative NAV based prices (along with applicable charges and execution variations) during the Ongoing Offer for applications directly received at AMC. Entry load and Exit load will be nil. The Scheme does not offer any Plans//Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by Nifty Midcap 150TRI (Total Return Index). The minimum application amount is Rs 5000 and Re 1 thereafter.

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Midcap 150Total Return Index, subject to tracking error.