Mirae Asset Mutual Fund launches Mirae Asset NYSE FANG+ ETF

Mutual Fund
Apr 19, 2021 by Advisorkhoj Team | Mutual Fund | 8 Downloaded

NFO period: 19th April – 30th April, 2021

Highlights of the NFO:

  • Scheme type – An open ended scheme replicating/tracking NYSE FANG+ Total Return Index

  • Investment objective – The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the NYSE FANG+ Total Return Index, subject to tracking error and forex movement. The scheme does not guarantee or assure any returns.

  • Product suitability – This product is suitable for investors who are seeking returns that are commensurate with the performance of NYSE FANG+ total return index, subject to tracking error and foreign exchange movement by investing in equity securities covered by NYSE FANG+ total return index.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – The scheme does not offer any plans/options for investment.

  • Fund Manager – Mr. Siddharth Srivastava

  • Benchmark – NYSE FANG+ TRI (Total Return Index) (INR)

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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