Mirae Asset Nifty India New Age Consumption ETF NFO:
New Fund Offer (NFO) opens on: Dec 12, 2024
New Fund Offer (NFO) closes on: Dec 20, 2024
Scheme re-opens for continuous Sale and Repurchase: Dec 27, 2024
Investment Objective:
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty India New Age Consumption Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme would be achieved.
Investment Framework:
- The Scheme would invest in stocks constituting the Nifty India New Age Consumption Index in the similar proportion (weightage) as in the Index and endeavour to track the benchmark index.
- Scheme may also invest in money market instruments, in compliance with Regulations. Money Market Instruments will include only treasury bills and government securities having a residual maturity up to one year, Tri-party Repo on government securities or T-bills and any other like instruments as specified by the Reserve Bank of India from time to time.
Scheme Information:
Offer for Sale of Units at 1/1000th value of the Nifty India New Age Consumption closing Index as on the date of allotment for applications received during the New Fund Offer period and at approximately indicative NAV based prices (along with applicable charges and execution variations) during the Ongoing Offer for applications directly received at AMC.
(source : https://www.miraeassetmf.co.in/)
Mirae Asset Nifty India New Age Consumption ETF Details:
| Mutual Fund | Mirae Asset Mutual Fund |
| Scheme Name | Mirae Asset Nifty India New Age Consumption ETF |
| Objective of Scheme | The Mirae Asset Nifty India New Age Consumption ETF will be managed passively with investments in stocks in the same proportion as in the Nifty India New Age Consumption Index. The investment strategy of the Scheme will be to invest in a basket of securities forming part of Nifty India New Age Consumption Index in similar weight proportion. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – Other ETFs |
| New Fund Launch Date | 12-Dec-2024 |
| New Fund Earliest Closure Date | |
| New Fund Offer Closure Date | 20-Dec-2024 |
| Indicate Load Seperately | |
| Minimum Subscription Amount | Rs. 5,000 and in multiples of Re. 1/- thereafter. |
(source:https://www.amfiindia.com/)
Mirae Asset Nifty India New Age Consumption ETF NFO
Application Form
