Mirae Asset Mutual Fund launches Mirae Asset Nifty SDL June 2028 Index Fund

Mar 20, 2023 by Advisorkhoj Team | NFO | 7 Downloaded

NFO period: 20th March – 27th March, 2023

Highlights of the NFO:

  • Scheme type – An open-ended target maturity Index Fund investing in the constituents of Nifty SDL June 2028 Index. A scheme with relatively high interest rate risk and relatively low credit risk

  • Investment objective – The investment objective of the scheme is to track the Nifty SDL June 2028 Index by investing in State Development Loans (SDL), maturing on or before June 30, 2028, subject to tracking errors. However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns.

  • Product suitability – This product is suitable for investors who are seeking income over long term by investing in securities in line with Nifty SDL June 2028 Index to generate comparable returns subject to tracking errors.

  • 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 Income Distribution cum capital withdrawal (“IDCW”) Option with Reinvestment and Payout Sub-options.

  • Fund Manager – Mr. Mahendra Kumar Jajoo

  • Benchmark – Nifty SDL June 2028 Index

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

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