Mirae Asset Mutual Fund files offer document for Gold Silver Passive FoF
Mirae Asset Mutual Fund has filed offer document with SEBI to launch open ended fund of fund scheme named ‘Mirae Asset Gold Silver Passive FoF'. The New Fund Offer price for units would be at Rs 10 per unit during the NFO period. Exit load- If redeemed or switched out within 15 days from the date of allotment will be 0.05%, and nil if redeemed or switched out after 15 days from date of allotment. 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 as against domestic Price of Physical Gold. The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Gold ETF and Mirae Asset Silver ETF.
