Mirae Asset MF introduces CRISIL-IBX Financial Services 9-12 Months Debt Index Fund
Mirae Asset Mutual Fund has launched Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund, an open-ended constant maturity index fund tracking CRISIL-IBX Financial Services 9-12 Months Debt Index with relatively low-interest rate risk and relatively low credit risk. The NFO opens for subscription on June 17, 2025 and closes on June 23, 2025. The Entry Load is not applicable and Exit Load is nil for the scheme. The minimum subscription amount is 5,000 per application and in multiples of Rs 1 thereafter.
The performance of the scheme will be benchmarked to the CRISIL-IBX Financial Services 9-12 Months Debt Index and its fund manager is Amit Modani
The investment objective of the scheme is to track the CRISIL-IBX Financial Services 9-12 Months Debt Index by investing in Commercial Papers (CPs), Certificates of Deposit (CDs) and Corporate Bond Securities, maturing in 9-12 months and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index, subject to tracking error.
