Mirae Asset Mutual Fund files offers document for Multi Asset Fund
Mirae Asset Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Mirae Asset Multi Asset Fund ‘. The New Fund Offer price for Rs 10. Entry load will be nil and exit load if redeemed within 1 year (365 days) from the date of allotment will be 1%, If redeemed after 1 year (365 days) from the date of allotment will be NIL. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and minimum target subscription amount for the Scheme to be raised is Rs 10 Crore.
The performance of the scheme is benchmarked by 65% S&P BSE200 TRI + 20% NIFTY Short Duration Debt Index+ 10% Domestic Price of Gold + 5% Domestic Price of Silver. The minimum application amount is Rs 5000 and in multiples of Re 1.
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in equity and equity related securities, Debt and money market instruments, Commodity ETFs and Exchange Traded Commodity Derivatives.
