Mirae Asset Nifty 1D Rate Liquid ETF – Growth

(An open-ended listed liquid scheme in the form of an Exchange Traded Fund tracking Nifty 1D Rate Index, with growth option. A relatively low interest rate risk and relatively low credit risk)

NFO opens on: 4th November 2024

NFO closes on: 6th November 2024

Scheme re-opens for continuous Sale and Repurchase on November 08, 2024

Investment objective

The investment objective is to seek to provide current income, commensurate with low risk while providing a high level of liquidity through a portfolio of Tri-Party Repo on Government Securities or T-bills / Repo & Reverse Repo. The Scheme endeavors to provide returns that before expenses, closely correspond to the returns of Nifty 1D Rate Index subject to tracking errors. However, the Scheme does not assure or guarantee any returns. There is no assurance that the investment objective of the Scheme will be achieved.

How is it different from Nifty 1D Rate Liquid ETF – IDCW:

	Liquid ETF ‒ IDCW Option	Liquid ETF - Growth Option
Interest Earned from TREPS	Paid out as dividend	Forms part of the NAV
Dividend Payout	Weekly	No Payout
NAV	Fixed at Rs.1,000	Returns are reflected in daily price movement
Taxation	Applicable on dividend payout	Applicable only when units are sold

*IDCW = Income Distribution cum Capital Withdrawal

Why invest in Mirae Asset Nifty 1D Rate Liquid ETF – Growth?

Park your idle cash with an objective to earn returns*
Better tax efficiency ~
No dividend pay-outs
Interest income is reflected in NAV growth
Higher tax efficiency.

*Interest eared from TREPS (Tri-Party Repo), NAV = Net Asset Value | ~ Tax disclaimer added below

Fund Facts

Name of the scheme:

Mirae Asset Nifty 1D Rate Liquid ETF - Growth

Scheme type:

An open-ended listed liquid scheme in the form of an Exchange Traded Fund tracking Nifty 1D Rate Index, with growth option. A relatively low interest rate risk and relatively low credit risk

Fund Manager:

Mr. Amit Modani

Benchmark Index:

Nifty 1D Rate Index

Market Maker:

Mirae Asset Capital Markets (India) Private Limited

Kanjolachana Finserve Private Limited

East India Securities Limited

Parwati Capital Markets Private Limited

Cholamandalam Securities Limited

Minimum Application Amount/switch in

During NFO Period: Rs. 5,000 per application and in multiples of Re. 1 thereafter. Units will be allotted in whole figures and the balance amount will be refunded.

On Continuous Basis:

Market Maker: Application for subscription of Units directly with the Fund in Creation Unit Size at NAV based prices in exchange of Portfolio Deposit and Cash Component.
Large Investors: Minimum amount of Rs. 25 crores for transacting directly with the AMC.
Other investors (including Market Maker, Large Investors and Regulated Entities): Units of the Scheme can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and BSE on which the Units are listed.

Creation Unit Size

2,500

Exit Load

NIL

How to trade in ETF

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fund managers fund manager

Mr. Amit Modani fund manager

RISKOMETER

The above 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.
Mirae Asset ETF is a part of Mirae Asset Mutual Fund and is used for Exchange Traded Funds managed by Mirae Asset Investment Managers (India) Private Limited.

Potential Risk Class Matrix