Mirae Asset MF introduces CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Mirae Asset Mutual Fund (MF) has launched Mirae Asset CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, an open-ended constant maturity index fund tracking CRISIL-IBX Financial Services 3-6 Months Debt Index with relatively low interest rate risk and relatively low credit risk. The NFO opens for subscription on November 12, 2025 and closes on November 18, 2025. The Entry Load is not applicable and the Exit load is nil for the scheme. The minimum subscription amount is Rs. 5,000 per application and in multiples of Re. 1 thereafter.
The performance of the scheme will be benchmarked to the CRISIL-IBX Financial Services 3-6 Months Debt Index and its fund manager is Basant Bafna.
The investment objective of the scheme is to track the CRISIL-IBX Financial Services 3-6 Months Debt Index by investing in Commercial Papers (CPs), Certificates of Deposit (CDs) and Corporate Bond Securities, maturing in 3-6 months and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index, subject to tracking error.
