Mirae Asset Mutual Fund launches Mirae Asset Banking and PSU Debt Fund

Mutual Fund
Jul 11, 2020 by Advisorkhoj Team | Mutual Fund | 5 Downloaded

NFO period: 08th July – 20th July, 2020

Highlights of the NFO:

  • Scheme type – An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds

  • 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.

  • Product suitability – This product is suitable for investors who are seeking income over short to medium term. To generate income / capital appreciation through predominantly investing in debt and money market instruments issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds.

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

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Option (Payout & Reinvestment Facility).

  • Fund Manager – Mr. Mahendra Kumar Jajoo

  • Benchmark – NIFTY Banking and PSU Debt Index

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

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