Mirae Asset Mutual Fund’s latest new fund offer (NFO) is a fund of fund that invests in units of domestic equity ETFs. These constituent ETFs are composed of large-cap and/or midcap equity shares. The NFO opens on 8 September 2020, and closes on 15 September 2020.
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ETF Nifty200 Index |
Click here to invest in Mirae Asset Equity Allocator Fund of Fund
Key features of this fund:
- Passive and comparatively low cost* exposure
- Asset allocation with rebalancing predominantly in the units of large and midcap segment
- Possibility of long-term returns marginally exceeding the benchmark
- Equity taxation benefits
*The scheme would have a low cost as compared to active equity mutual funds since it would be investing in exchange-traded funds, which usually have a lower expense ratio.
Investment objective
The scheme is designed to deliver long-term capital appreciation from a portfolio predominantly comprising units of domestic equity ETFs. The underlying ETFs will be selected based on their market capitalisation range, sector, theme, strategy, or a combination of these factors.
Asset allocation
A major portion of the fund’s investments will be invested in domestic ETFs. Here’s the break-up of the asset classes that the fund will be exposed to.
| Instruments | Indicative allocation (% of net assets) | Risk profile: High/medium/low | |
| Minimum | Maximum | ||
| Units of domestic equity exchange traded funds (ETFs) | 95 | 100 | High |
| Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic mutual funds | 0 | 5 | Low to Medium |
Scheme details
| Name | Mirae Asset Equity Allocator Fund of Fund |
| Type | Open-ended fund of fund |
| Category | Equity ETF-based mutual fund |
| Investment objective | Provide long-term capital appreciation from a portfolio investing predominantly in units of domestic equity ETFs |
| Benchmark | NIFTY 200 Index (TRI) |
| Entry/Exit load | Nil |
| Fund manager | Ms. Bharti Sawant |
| Options | Growth and dividend |
| Plans | Regular and Direct |
| Minimum application amount (during NFO) | Rs. 5,000, and in multiples of Re. 1 thereafter. |
| Minimum Additional Application: | Rs. 1,000 and in multiples of 1 thereafter. |
| Mirae Asset Equity Allocator Fund of Fund is suitable for investors who are seeking* | Riskometer |
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Investors recognise that their principal will be at moderately high risk. |
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by Mirae Asset Investment Managers (India) Private Limited. To read the entire document, click here.
Disclaimer: RKSV Securities India Private Limited (ARN/Distributor – 107930; brand name Upstox) is the distributor of the mutual fund. Please consult your investment advisor before investing. Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully.
