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Mirae Asset Mutual Fund has launched Mirae Asset Income plus Arbitrage Active FOF, an open ended fund of funds scheme investing in units of actively managed debt oriented and arbitrage mutual fund schemes. The NFO opens for subscription on June 16, 2025 and closes on June 30, 2025. Exit Load will be 0.25% if redeemed or switched out within 15 days from date of allotment, and Nil if redeemed or switched out after 15 days from date of allotment. The minimum subscription amount is 5,000 and in multiples of Rs 1 thereafter.

The performance of the Scheme will be benchmarked with Nifty short duration Debt Index (60%) + Nifty 50 Arbitrage Index (TRI) (40%) and its fund manager is Mahendra Jajoo.

The investment objective of the Scheme is to provide long-term capital appreciation from a portfolio investing in a unit of actively managed debt oriented and Arbitrage mutual fund schemes. The Scheme does not guarantee or assure any returns.