Mirae Asset Mutual Fund launches Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF

NFO period: 06^th May – 17^th May, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking Nifty MidSmallcap400 Momentum Quality 100 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 Nifty MidSmallcap400 Momentum Quality 100 Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme would be achieved.


• Product suitability – This product is suitable for investors who are seeking returns that commensurate with performance of Nifty MidSmallcap400 Momentum, Quality 100 Total Return Index, subject to tracking error over long term by investing in equity securities covered by Nifty MidSmallcap400 Momentum Quality 100 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 – Ms. Ekta Gala and Mr. Vishal Singh


• Benchmark – Nifty MidSmallcap400 Momentum Quality 100 TRI (Total Return Index)