Mirae Asset MF introduces Nifty Smallcap 250 Momentum Quality 100 ETF FoF
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Mirae Asset Mutual Fund has launched Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund, an open-ended fund of fund scheme investing in units of Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF. The NFO opens for subscription on February 15, 2024 and closes on February 28, 2024. Entry load is not applicable for the scheme. Exit load will be 0.50% if redeemed within 3 months from the date of allotment and nil if redeemed after 3 months from the date of allotment. The minimum subscription amount is 5,000 and in multiples of Re 1 thereafter.
The performance of the Scheme is measured against Nifty Smallcap 250 Momentum Quality 100 TRI (Total Return Index) and its fund managers are Ekta Gala and Vishal Singh.
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF.
