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Mirae Asset Mutual Fund Introduces Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund

Leveraging Alpha and Momentum Strategies for Optimal Investment(An open-ended fund of fund scheme investing in units of Mirae Asset Nifty200 Alpha 30 ETF)

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Mumbai, July 05, 2024:

Mirae Asset Investment Managers (India) Pvt. Ltd. on Friday announced the launch of Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund (An open-ended fund of fund scheme investing in units of Mirae Asset Nifty200 Alpha 30 ETF).


The New Fund Offer for the scheme opens on Monday, July 8, 2024, and closes on Monday, July 22, 2024. The fund managers are Ms. Ekta Gala and Mr. Vishal Singh. Minimum investment should be Rs 5,000 and in multiples of Re 1 thereafter. Systematic Investment Plan can be set up with an investment of Rs 500 and in multiplies of Re 1 thereafter.


Mr. Siddharth Srivastava, Head-ETF Products, Mirae Asset Investment Managers (India) Pvt. Ltd., said, “Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund is a strategic addition to our existing product portfolio, which seeks to provide a valuable opportunity for investors who wish to invest in the Mirae Asset Nifty200 Alpha 30 ETF without requiring a broking or a demat account. This product is designed to capture the alpha and momentum strategy, focusing on 30 large and mid-cap stocks* selected and weighted based on their ‘alpha score’ rather than free float market cap. The portfolio is reviewed on a quarterly basis and has exhibited dynamic rotation between sectors and large and midcap stocks by capturing latest market trends.”


Alpha is simply a ‘persistence’ factor i.e. which seeks to benefit from continued latest trends in the market. By selecting and weighing stocks purely based on “Alpha score”, index remains unbiased towards large or midcap stock and seeks to capture the alpha and momentum strategy in a true to label manner. This index seeks to generate returns by capturing latest market trends and hence has historically exhibited higher portfolio churns in order to capture in-favour segments and stocks. However, investors should be aware of the higher drawdowns and increased volatility associated with this index, and consider it from a long-term investment perspective. Investors may consider this product if they aim to capitalize on the momentum and alpha strategy after evaluating their risk profile.

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 58 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.

Source for all data: ACE MF, NSE; Data as on April 30, 2024

*Pursuant to Clause 2.6 of SEBI Master Circular dated June 27, 2024, Categories of Schemes, Scheme Characteristics and Type of Scheme

Note: Investors may note that they will be bearing the recurring expenses of the underlying Scheme in which Fund of Fund Scheme makes investment in addition to the expenses of the Fund of Fund Scheme.

Please consult your financial advisor or mutual fund distributor before investing.
The Product Labelling assigned during the NFO is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.

RISKOMETER
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund

Disclaimers & Footer

NSE Indices Ltd Disclaimer: NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the Nifty200 Alpha 30 Index or any data included there in 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 Nifty200Alpha30 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

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.

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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