NFO Alert: Mirae Asset Mutual Fund’s New Nifty500 Multicap 50:25:25 ETF; Check Dates, Minimum Investment Amount

Mirae Asset Mutual Fund offer has unique feature for investors, check how the fund is designed for better returns.

Mirae Asset Investment Managers (India) launched the country’s first Multicap Exchange Traded Fund, ‘Mirae Asset Nifty500 Multicap 50:25:25 ETF’ today, August 8. This is an open-ended scheme. The 50:25:25 ratio means it has 50 percent weightage towards the large cap and 25 per cent each towards midcap and small-cap stocks.

Nifty500 Multicap Opening & Closing Dates

The NFO for the scheme has already opened on Monday, August 12, 2024, and closing date of NFO is on Monday, August 26, 2024. 

Nifty500 Multicap 50:25:25 ETF: Minimum investment

The minimum investment during NFO can be Rs 5,000 and in multiples of Rs 1 after that. 

Who Are The Fund managers?

Ekta Gala and Vishal Singh are the fund managers of the new fund.

Aim Of The NFO

Mirae Asset Mutual Fund through new funds aim to provide investors with a diversified investment approach & balanced exposure across various market capitalisations. 

Risk Factor In NFO

The mix of large, mid, and small-cap stocks combines growth potential with portfolio stability, making it suitable for a balanced investment strategy.

Mirae Asset On New Fund

Siddharth Srivastava, Head – ETF Products and Fund Manager, Mirae Asset Investment Managers, said, “The Mirae Asset Nifty500 Multicap 50:25:25 ETF is a strategic addition to our existing product portfolio. This scheme offers a unique investment opportunity by providing balanced exposure to the entire universe of large, mid, and small-cap stocks where portfolio weight towards each market segment is predefined in a manner to provide investors the stability of large-cap along with growth opportunities with reasonable exposure towards mid and small caps.’’

He added, ‘’Hence, the fund is designed to capture the growth potential of a broad market spectrum while aiming to minimise the risk. We believe this ETF could be an excellent addition for investors seeking a well-rounded investment strategy.’’

(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)