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Mirae Asset Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named 'Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF'. The offer rate will be at 1/1000th value of the Nifty Mid Small cap 400 Momentum Quality 100 Index. Entry load and Exit load will be nil. The Scheme does not offer any Plans/Options for investment and minimum target subscription amount for the Scheme to be raised is Rs 5 crore.

The performance of the scheme will be benchmarked by Nifty Mid Small cap 400 Momentum Quality 100TRI (Total Return Index). The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty MidSmallcap 400 Momentum Quality 100 Total Return Index.