February 25, 2022
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NFO of Mirae Asset Nifty Midcap 150 ETF
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Midcap 150 Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns.
NFO opens on February 24 ,2022
NFO will close on March 04,2022
(Our Guidance & Invest Online button are given at the bottom of the Page)
Investment Strategy
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Midcap 150 Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns.
Basic Details
Fund House: Mirae Asset Mutual Fund
Issue Open: 24 Feb 2022
Issue Close: 04 Mar 2022
Category: Equity: Mid Cap
Type: Open-ended
Min. Investment Rs 5,000
Plans: Growth
Lock-in Period Not Applicable
Exit Load (%): 0
Riskometer: Very High
Benchmark: NIFTY Midcap 150 TRI
Fund Manager
Ekta Gala
Education: Ms. Gala is a B.Com & Inter CA (IPCC)
Experience: Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.
AMC:
Mirae Asset Investment Managers (India) Pvt. Ltd.
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 Pvt Ltd.
303, Vamsee Estates, Opp. Big Bazaar,
Ameerpet,
Hyderabad – 500016
Website: www.karvymfs.com
Chanakya’s Mutual Fund Guidance :
The Mirae Asset Nifty Midcap 150 ETF will be managed passively with investments in stocks in the same proportion as in the Nifty Midcap 150 Index.
The investment strategy would revolve around reducing the tracking error to the least possible through regular rebalancing of the portfolio, considering the change in weights of stocks in the Index as well as the incremental collections/redemptions in the Scheme.
A part of the funds may be invested in debt and money market instruments, to meet the liquidity requirements.
Subject to the Regulations and the applicable guidelines the Scheme may invest in the schemes of Mutual Funds.
What is an index fund?
An index fund is a type of mutual fund that seeks to track the returns of a market index. The fund is a portfolio of stocks/bonds designed to mimic the composition and performance of a financial market index.
What is NIFTY Midcap 150 Index?
*Opportunity to participate in entire midcap segment of the market.
*Portfolio of companies with robust business models and the potential to become tomorrow’s large caps.
*The average mid cap’s earnings tend to grow at a faster rate than both large cap and average small-cap while doing so with less volatility and risk compared to small caps.
*Relatively low-cost option to participate in Midcap segment of market.
Who should invest in this NFO ??
This product is suitable for investors who are seeking:
1)Capital appreciation over the long term.
2)Equity and equity related securities covered by the Nifty Midcap 150 Index.
3)Return that corresponds to the performance of Nifty Midcap 150 Index, subject to tracking error.
So We recomment this NFO & Suggest …>>>> APPLY
Mutual fund investments are subject to market risks, read all scheme related documents carefully.