Mirae Asset Nifty500 Multicap 50:25:25 ETF is an open-ended scheme offered by Mirae Asset Mutual Fund. Aiming to match the Nifty500 Multicap 50:25:25 Total Return Index’s performance, this Other Scheme – Other ETFs category fund launched on August 12, 2024, with a New Fund Offer ending on August 26, 2024. Requiring a minimum investment of ₹5,000, it offers no load and seeks to generate returns in line with its benchmark index, without promising any specific returns.
Mirae Asset Nifty500 Multicap 50:25:25 ETF – NFO
The investment objective of the Mirae Asset Nifty500 Multicap 50:25:25 ETF is to generate returns, before expenses, that are commensurate with the performance of the Nifty500 Multicap 50:25:25 Total Return Index, subject to tracking error. The scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the scheme will be achieved.
Risk-o-meter:
Funds Allocation
Source: Scheme Information Document
Who should invest in this fund?
This NFO of the Mirae Asset Nifty500 Multicap 50:25:25 ETF is suitable for investors who are seeking returns that are commensurate with the performance of the Nifty500 Multicap 50:25:25 Total Return Index, subject to tracking error over the long term and investments in equity securities covered by Nifty500 Multicap 50:25:25 Total Return Index.
Benchmark
The performance of the Mirae Asset Nifty500 Multicap 50:25:25 ETF will be benchmarked to the performance of the Nifty500 Multicap 50:25:25 Total Return Index.
Peer Fund Schemes
Data As of August 05, 2024, there is no exact peer as this is a first rule-based Multi-cap ETF
Who Manages the Scheme?
Ekta Gala, 31 years old, holds a B. Com degree and is an Inter CA (IPCC) by qualification. She has accumulated over 6 years of experience as a dealer in the financial industry. Before taking on her current role, Gala was associated with ICICI Prudential Asset Management Company Ltd. Her background in commerce and accounting, coupled with her extensive industry experience, positions her as a co-fund manager.
Vishal Singh, 29 years old, holds a B. Com degree and completed CA, CFA, FRM. He has over 5 years of experience in the field of financial services. Before this assignment, Singh was associated with NSE Indices Limited.
Conclusion
Mirae Asset’s NFO offers a unique opportunity to invest in a rule-based Multicap ETF mirroring the Nifty500 Multicap 50:25:25 Index. With a minimum investment of ₹5,000, it’s ideal for long-term equity exposure.