07-06-2024 02:48 PM | Source: Accord Fintech
Mirae Asset AMC announces change in risk-o-meter of certain schemes

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Mirae Asset AMC has announced addendum to the Scheme Information Documents (SIDs)/ Key Information Memorandums (KIMs) of certain Scheme(s) of Mirae Asset Mutual Fund (MAMF). 

In accordance with Clause 17.4 of SEBI Master Circular dated May 19, 2023, risk-o-meter of ‘Mirae Asset Overnight Fund’ has been revised from ‘Low’ to ‘Low to moderate’. Risk-o-meter of ‘Mirae Asset Money Market Fund’ has been revised from ‘Low to moderate’ to ‘Moderate’, while Risk-o-meter of ‘Mirae Asset Equity Savings Fund’ has been revised from ‘Moderately high’ to ‘Moderate’.

All other terms and conditions of the scheme remain unchanged. This addendum forms an integral part of the Scheme Information Document(s)/ Key Information Memorandum(s) of the Scheme(s), as applicable, of the Fund as amended from time to time.