Mirae Asset Mutual Fund files offer document for BSE Select IPO ETF
Mirae Asset Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Mirae Asset BSE Select IPO ETF ‘. The New Fund Offer price will be 1/100th value of the BSE Select IPO closing Index as on the date of allotment for applications received during NFO. Entry load and Exit load will be nil. The Scheme does not offer any Plans/Options for Investment and seeks to collect a Minimum Target Amount of Rs 5 crore.
The performance of the scheme will be benchmarked against BSE Select IPO TRI. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the BSE Select IPO Index, subject to tracking error. The Scheme does not guarantee or assure any returns.
