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Mirae Asset Equity Allocator Fund of Fund: NFO closes on 15 September 2020

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.

Good to know

ETF
Exchange-traded funds (ETFs) are mutual funds that are traded like equities on an exchange. ETF units are traded at market-determined prices and are bought and sold during market hours through demat accounts.

Nifty200 Index
The NIFTY 200 Index reflects the behaviour and performance of large and mid-market capitalization companies. NIFTY 200 includes all companies forming part of NIFTY 100 and NIFTY Full Midcap 100 index.

Click here to invest in Mirae Asset Equity Allocator Fund of Fund

Key features of this fund:

*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
  • To  generate long term capital appreciation/income
  • Investments predominantly in units of equity Exchange Traded Fund
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.

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