Mirae Asset Nifty India Manufacturing ETF Fund of Fund

(An open-ended fund of fund scheme predominantly investing in Mirae Asset Nifty India Manufacturing ETF)

Invest Now

ABOUT THE FUND

An open-ended fund of fund scheme predominantly investing in Mirae Asset Nifty India Manufacturing ETF.

INVESTMENT FRAMEWORK

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.

WHY INVEST IN THE FUND

Manufacturing segment has potential to become next growth driver for India, backed by strong government initiatives like PLI and Make in India
Participate in potential emerging segments like Electric vehicles, Electronics, Battery Tech, Defense etc.
Achieve diversification against funds which are tilted towards services and consumption sector

Fund Facts

TYPE:

An open-ended fund of fund scheme predominantly investing in Mirae Asset Nifty India Manufacturing ETF

Fund Manager:

Ms. Ekta Gala

Mr. Vishal Singh (Since 28th August 2023)

ALLOTMENT PRICE:

Rs. 10

Benchmark:

Nifty India Manufacturing TRI (Total Return Index)

Minimum SIP Installment Amount:

Rs. 99 & in multiples of Re. 1 thereafter

Minimum Investment During NFO:

Rs. 5000/-and in multiples of Rs. 1/-thereafter.

Plan & Options:

Regular Plan & Direct Plan with Growth and IDCW Option

Systematic Investment Plan Amount:

Monthly and Quarterly: Rs. 1000/-(and in multiples of Re. 1/-)

Minimum Additional Purchase Amount:

Rs. 1000/-

First NAV Date / Scheme Reopening date:

1st February 2022

Taxation

Click here

Exit Load:

if redeemed or switched out within 15 days from the date of allotment: 0.05%
if redeemed or switched out after 15 days from date of allotment: Nil

Ideal Investment Horizon

Investment Horizon

Recommended Investment Horizon
3+ Years

Nature of investment:

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.

Suitable Investment: