Posted in: Legal/Finance in Uttar Pradesh | Posted: |
Mirae Asset Mutual Fund has launched the Mirae Asset Nifty500 Multicap 50:25:25 ETF, an open-ended equity scheme replicating the Nifty500 Multicap 50:25:25 Index. The New Fund Offer NFO is available from August 12 to August 26, 2024, with a starting price of Rs.5000, and investments can be made in multiples of Rs.1 thereafter. This blog provides a detailed overview of the Mirae Asset Nifty500 Multicap 50:25:25 ETF NFO, including asset allocation and other financial details that are crucial for decision-making.
Mirae Asset Nifty500 Multicap 50:25:25 ETF NFO Details
This ETF is designed for investors seeking returns that align with the performance of the Nifty500 Multicap 50:25:25 Total Return Index, subject to long-term tracking error and investments in equities included in the index. It is a high-risk scheme, and there is no guarantee that the investment objectives will be met. The scheme will allocate 95-100% of its assets to equity securities underlying the Nifty500 Multicap 50:25:25 Index, with 0-5% in money market instruments, debt securities, or units of debt or liquid schemes.
Key Details of the NFO:
Start Date: August 12, 2024
End Date: August 26, 2024
Minimum Investment: Rs.5000 (in multiples of Rs.1)
Benchmark: Nifty500 Multicap 50:25:25 Total Return Index
Risk: Very High
Expense Ratio: Nil
Exit Load: Nil
Objective of the Fund
The primary objective of the Mirae Asset Nifty500 Multicap 50:25:25 ETF is to deliver returns that closely correspond to the performance of the Nifty500 Multicap 50:25:25 Total Return Index, subject to tracking error.
Who Should Invest?
This ETF is ideal for investors looking to achieve returns in line with the Nifty500 Multicap 50:25:25 Total Return Index, with a focus on long-term investments in equities. It's a suitable option for those with a high-risk appetite and a long-term investment horizon.
Conclusion
The Mirae Asset Nifty500 Multicap 50:25:25 ETF offers an attractive opportunity for investors seeking to capitalize on the diverse sectors represented in the Nifty500 Multicap Index. As always, consider your financial goals, risk tolerance, and investment horizon before making an investment decision.
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