Mirae Asset Mutual Fund files offer document for MSCI India Capital Markets Select ETF FOF
Mirae Asset Mutual Fund has filed offer document with SEBI to launch an open-ended fund of fund scheme named ‘Mirae Asset MSCI India Capital Markets Select ETF FOF'. The New Fund Offer price will be Rs 10 during the NFO. Entry load will be nil. 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 for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance will be benchmarked against MSCI India Capital Markets Select TRI. The minimum application amount will be Rs 5000 and in multiples of Re 1 thereof.
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset MSCI India Capital Markets Select ETF.
