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Mirae Asset Mutual Fund has launched Mirae Asset Nifty50 Equal Weight ETF, an open-ended scheme replicating/tracking Nifty50 Equal Weight Total Return Index. The NFO opens for subscription on April 30, 2025 and closes on May 06, 2025. No Entry Load is charged and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000 per application and in multiples of Re. 1 thereafter.

The performance of the scheme will be benchmarked at Nifty50 Equal Weight TRI (Total Return Index) and its fund managers are Ekta Gala and Akshay Udeshi.

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty50 Equal Weight Total Return Index, subject to tracking error.