Mirae Asset Mutual Fund files offer document for BSE India Defence ETF FOF
Mirae Asset Mutual Fund has filed offer document with SEBI to launch an open ended fund of fund scheme named ‘Mirae Asset BSE India Defence ETF FOF’. The New Fund Offer price for units would be Rs 10 each during the New Fund Offer Period. Entry load will be nil and Exit load -if redeemed or switched out within 15 days from the date of allotment will be 0.05%, if redeemed or switched out after 15 days from date of allotment will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked against BSE India Defence TRI. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset BSE India Defence ETF.
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