Mirae Asset Mutual Fund launches Mirae Asset Ultra Short Duration Fund

Mutual Fund
Sep 30, 2020 by Advisorkhoj Team | Mutual Fund | 7 Downloaded

NFO period: 28th September – 06th October, 2020

Highlights of the NFO:

  • Scheme type – An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months

  • Investment objective – The investment objective of the scheme is to generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be realized.

  • Product suitability – This product is suitable for investors who are seeking income over a short term investment horizon by investing in debt & money market securities with portfolio Macaulay duration between 3 month & 6 months.

  • 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 (with Dividend Reinvestment and Payout Facility).

  • Fund Manager – Mr. Mahendra Kumar Jajoo

  • Benchmark – NIFTY Ultra Short Duration Debt Index

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

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