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An open-ended fund of fund scheme predominantly investing in Mirae Asset Nifty India Manufacturing ETF.
The Scheme will invest in the units of Mirae Asset Nifty India Manufacturing ETF managed by Mirae Asset Mutual Fund as per the stated asset allocation in SID. The cumulative gross exposure through Units of Mirae Asset Nifty India Manufacturing ETF, Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds shall not exceed 100% of the net assets of the Scheme.
Following provisions of Income Tax Act 1961, may be applicable on this scheme. As per the Section 112A of the Act, this scheme (which invest at least 90% in domestic equity ETF, where such ETF invest at least 90% in domestic equity shares) falls under the category of “equity oriented fund”, however, as per the newly introduced Section 50AA by Finance Act, 2023, any “specified mutual fund”, by whatever name called, where not more than 35 percent of its total proceeds is invested in the equity shares of domestic companies, any gains on transfer / redemption of units if such specified mutual funds acquired on or after 1 April 2023 shall be deemed to be short-term capital gains. A view may be adopted that sale of this scheme may be classified as "specified mutual fund" under the Act and should be taxable at the rate of 15% (plus applicable surcharge and cess). For further details, clarification and action, please consult your tax advisor for further details
An open-ended fund of fund scheme predominantly investing in Mirae Asset Nifty India Manufacturing ETF
Ms. Ekta Gala
Mr. Vishal Singh (Since 28th August 2023)
Rs. 10
Nifty India Manufacturing TRI (Total Return Index)
Rs.500 & in multiples of Re. 1 thereafter
Rs. 5000/-and in multiples of Rs. 1/-thereafter.
Regular Plan & Direct Plan with Growth and IDCW Option
Monthly and Quarterly: Rs. 1000/-(and in multiples of Re. 1/-)
Rs. 1000/-
1st February 2022
Recommended Investment Horizon
3+ Years
The scheme will predominantly invest in units of Mirae Asset Nifty India Manufacturing ETF, the portfolio of which shall mostly be based on stocks forming part of Nifty India Manufacturing Index.
Provides the advantage of investing in Exchange Traded Funds through Mutual Fund route
For Historic NAV Click here
Name | Allocation | |
1 | Mirae Asset Mutual Fund | 103.61% |
*Data as on 31st March, 2022.
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If Inflation rate is selected then
futureValue = Future value considering the inflation rate
else
Calculate on current value.
SIPAmount = parseInt(-((Rate of interest / 12) * (-futureValue + (interest amount on loan * 0))) / ((-1 + interest amount on loan) * (1 + (rate of interest / 12))));
Annual Return = (Last NAV of the year - Last NAV of the previous year) / Last NAV of the previous year
For more details, please visit the AMFI website
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