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Mirae Asset Mutual Fund Announces Launch of Mirae Asset Nifty500 Multicap 50:25:25 ETF

Balanced and Diversified Investment for Growth and Stability
(An open-ended scheme replicating/tracking Nifty500 Multicap 50:25:25 Total Return Index)

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Key Highlights of the Nifty500 Multicap 50:25:25 Index:

  • Broad Coverage: The index covers 92.1% of the free-float market cap of listed companies on the NSE, providing extensive market exposure.
  • Balanced Exposure: The index comprises of 100 large-cap stocks, 150 mid-cap stocks and 250 small-cap stocks with 50% weightage towards large cap and 25% each towards midcap and small cap stocks offering a well-rounded investment approach.
  • Diversification: By including companies across different market capitalizations, the index offers diversified exposure to various sectors and industries.
  • Risk Diversification: The mix of large, mid, and small-cap stocks combines growth potential with portfolio stability, making it suitable for a balanced investment strategy.

*Note: For detailed Index Methodology refer SID


Mumbai, August 08, 2024:

Mirae Asset Investment Managers (India) Pvt. Ltd. announces India’s first Multicap Exchange Traded Fund, ‘Mirae Asset Nifty500 Multicap 50:25:25 ETF’, an open-ended scheme replicating/tracking Nifty500 Multicap 50:25:25 Total Return Index. As of June 30, 2024 (Latest available), 25 actively managed mutual fund schemes with an AUM of Rs. 1,54,024.9 Cr. are benchmarked against Nifty500 Multicap 50:25:25 Index.

This new fund aims to generate returns that closely mirror the Nifty500 Multicap 50:25:25 Total Return index. With this new fund, Mirae Asset Mutual Fund aims to provide investors with a diversified investment approach with balanced exposure across various market capitalizations.

Rs. 1,54,024.9 Cr. are benchmarked against Nifty500 Multicap 50:25:25 Index.

 

The New Fund Offer for the scheme opens on Monday, August 12, 2024, and closes on Monday, August 26, 2024. The fund managers are Ms. Ekta Gala and Mr. Vishal Singh. The minimum investment during NFO should be Rs 5,000 and in multiples of Re 1 thereafter.

Speaking on the NFO Launch, Siddharth Srivastava, Head – ETF Products and Fund Manager, Mirae Asset Investment Managers (India) Pvt. Ltd., 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. Hence, the fund is designed to capture the growth potential of a broad market spectrum while aiming to minimize the risk. We believe this ETF could be an excellent addition for investors seeking a well-rounded investment strategy.”

This new fund provides investors a transparent, low cost (compared to actively managed schemes) and method driven approach for multi cap investing which aims for effective allocation across market cap segments, which will be targeted by this index via quarterly rebalancing in order to provide the specified exposure. This disciplined approach aims to deliver consistent performance over the long term.

Source for all data: ACE MF, AMFI Monthly Report NSE; Data as on July 31, 2024

About Mirae Asset Investment Managers (India) Pvt. Ltd.

Established in 2008, Mirae Asset Mutual Fund is one of India’s fastest-growing fund houses. Mirae Asset Investment Managers (India) Pvt. Ltd. is the Asset Management Company (“AMC”) of Mirae Asset Mutual Fund.

As a pivotal player within Mirae Asset Global Investments, operating across 19 countries, Mirae Asset Investment Managers (India) Pvt. Ltd. is dedicated to collaborative management, offering a fully diversified investment platform. The AMC has 60 schemes available for investors spread across Equity funds, Debt funds, Hybrid Funds, and ETF funds. With expertise drawn from our global professionals, Mirae Asset Mutual Fund caters to clients’ evolving needs with innovative solutions across various asset classes, striving to align portfolios with investment objectives for sustainable growth and success.

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Disclaimers & Footer

NSE Indices Ltd Disclaimer: : NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the Nifty500 Multicap 50:25:25 Index or any data included therein and NSE INDICES LIMITED shall have not have any responsibility or liability for any errors, omissions, or interruptions therein. NSE INDICES LIMITED does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the Nifty500 Multicap 50:25:25 Index or any data included therein. NSE INDICES LIMITED makes no express or implied warranties, and expressly disclaims all warranties of merchant ability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, NSE INDICES LIMITED expressly disclaim any and all liability for any claims, damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages

Statutory Details:Trustee: Mirae Asset Trustee Company Private Limited; Investment Manager: Mirae Asset Investment Managers (India) Private Limited (AMC); Sponsor: Mirae Asset Global Investments Company Limited

The information contained in this document is compiled from third party and publically available sources and is included for general information purposes only. There can be no assurance and guarantee on the yields. Views expressed by the Fund Manager cannot be construed to be a decision to invest. The statements contained herein are based on current views and involve known and unknown risks and uncertainties. Whilst Mirae Asset Investment Managers (India) Private Limited (the AMC) shall have no responsibility/liability whatsoever for the accuracy or any use or reliance thereof of such information. The AMC, its associate or sponsors or group companies, Its Directors or employees accepts no liability for any loss or damage of any kind resulting out of the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible/liable for any decision taken on the basis of information contained herein. Any reliance on the accuracy or use of such information shall be done only after consultation to the financial consultant to understand the specific legal, tax or financial implications.

For further information about other schemes (Type of scheme, product labelling and performance of the fund) please visit the website of the AMC: www.miraeassetmf.co.in

Please consult your financial advisor or mutual fund distributor before investing

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

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