October 31, 2024
mayank
Mirae Asset Nifty 1D Rate Liquid ETF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Past Performance & Review of NFO Benchmark Index
- Should You Invest in this NFO?
- Invest Online
What is the Mirae Asset Nifty 1D Rate Liquid ETF Open Date, Close Date?
NFO opens on November 04, 2024
NFO will close on November 06, 2024
Invest Stratege for this NFO?
The scheme seeks to seek to provide current income, commensurate with low risk while providing a high level of liquidity through a portfolio of Tri-Party Repo on Government Securities or T-bills / Repo & Reverse Repo. The Scheme endeavors to provide returns that before expenses, closely correspond to the returns of Nifty 1D Rate Index subject to tracking errors.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 04 November 2024 |
| Issue Close | 06 November 2024 |
| Type | Open-ended |
| Category | Debt: Liquid |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Low |
| Benchmark | NIFTY 1D Rate Index |
About Benchmark Index for this NFO?
The overnight market in India is one of the most active components of the money market. The objective of Nifty 1D Rate index is to measure the returns generated by market participants lending in the overnight market.
The index uses the overnight rate provided through “Triparty Repo Dealing System (TREPS)” for computation of index values.
Portfolio Characteristics
| Launch Date | June 23, 2016 |
| Base Date | January 03, 2011 |
| Base Value | 1000 |
| Calculation Frequency | End of day |
Fund Managers of Mirae Asset Nifty 1D Rate Liquid Exchange Traded Fund
1) Amit Modani
Education: Mr. Modani is Chartered Accountant
Experience: Prior to joining Mirae Asset Mutual Fund, he has worked with BOI AXA Mutual Fund, Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
AMC
Mirae Asset Investment Managers (India) Pvt. Ltd.
Address: Unit No.606 – 6th Floor, Windsor Building – Off. CST Road, Kalina, Santacruz (East), Mumbai – 400098
Website: http://www.miraeassetmf.co.in
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Mirae Asset Nifty 1D Rate Liquid Exchange Traded Fund NFO?
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks
https://sahifund.com/review-of-mirae-asset-nifty-1d-rate-liquid-etf-nfo/