Mirae Asset MF introduces Nifty India New Age Consumption ETF Fund of Fund
Mirae Asset Mutual Fund has launched Mirae Asset Nifty India New Age Consumption ETF Fund of Fund, an open-ended fund of fund scheme investing in units of Mirae Asset Nifty India New Age Consumption ETF. The NFO opens for subscription on December 12, 2024 and closes on December 26, 2024. The Entry Load is not applicable for the scheme. The Exit Load will be 0.05% - if redeemed or switched out within 15 days from the date of allotment and nil - if redeemed or switched out after 15 days from date of allotment. 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 at Nifty India New Age Consumption TRI (Total Return Index) and its fund managers are Ekta Gala and Akshay Udeshi.
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty India New Age Consumption ETF.
