Mirae Asset Banking and PSU Debt Fund scheduling from July 8, 2020 – July 20, 2020 An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
Debt Scheme – Banking and PSU Fund
Summary Of Issue:
| Issue | Mirae Asset Banking and PSU Debt Fund |
| Issue Open | July 8, 2020 – July 20, 2020 |
| Scheme Type |
Debt Scheme – Banking and PSU Fund |
| Investment Objective | The investment objective of the scheme is to generate income / capital appreciation through predominantly investing in debt and money market instruments issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) and Municipal Bonds. |
| Liquidity | The Scheme will offer units for purchases/switch-ins and redemptions/switchouts at NAV based prices on all business days on an ongoing basis. Repurchase of Units will be at the NAV prevailing on the date the units are tendered for repurchase. |
| Benchmark | NIFTY Banking and PSU Debt Index |
| Loads | a) Entry Load: Not Applicable, b) Exit Load:NIL |
| New Fund Offer Price |
Rs. 10 per Unit |
| Minimum Target Amount | The Fund seeks to raise a minimum subscription amount of Rs. 20 Crores under the scheme during its New Fund Offer (NFO) period. In the event the aforesaid minimum subscription cannot be raised by the scheme during the NFO, the subscriptions so collected will be refunded to the applicants within 5 business days from the closure of the NFO |
Standard Risk Factors:
- Investment in Mutual Fund units involves investment risks such as trading volumes, settlement risk,
liquidity risk, default risk including the possible loss of principal. - As the price / value / interest rate of the securities in which the Scheme invests fluctuates, the value
of your investment in the scheme can go up or down depending on various factors and forces affecting capital markets and money markets. - Past performance of the Sponsor/ AMC/ Mutual Fund does not guarantee the future performance of
the Scheme. - The name of the Scheme does not in any manner indicate its quality or its future prospects and
returns. - The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme
beyond the initial contribution of Rs. 1 lakh made by it towards setting up the Fund. - The present scheme is not a guaranteed or assured return scheme. In addition, the scheme does not
guarantee or assure any dividend and also does not guarantee or assure that it will make any
dividend distribution, though it has every intention to make the same in the dividend option. All
dividend distributions will be subjected to the investment performance of the Scheme
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Mirae Asset Banking and PSU Debt Fund NFO (Asset Allocation Pattern)
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NFO Application Form
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