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Mirae Asset Mutual Fund (MF) has launched Mirae Asset Nifty IT ETF, an open-ended scheme replicating/tracking Nifty IT Total Return Index. The NFO opens for subscription on October 13, 2023 and closes on October 18, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against Nifty IT TRI (Total Return Index) and its fund managers are Ekta Gala and Vishal Singh. 

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty IT Total Return Index, subject to tracking error.