Mirae Asset MF introduces Nifty India New Age Consumption ETF
Mirae Asset Mutual Fund has launched Mirae Asset Nifty India New Age Consumption ETF, an open-ended scheme replicating/tracking Nifty India New Age Consumption Total Return Index. The NFO opens for subscription on December 12, 2024 and closes on December 20, 2024. 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 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 generate returns, before expenses, that are commensurate with the performance of the Nifty India New Age Consumption Total Return Index, subject to tracking error.
