HDFC Mutual Fund, Mirae Asset MF make key filings and product updates. Check here

HDFC Mutual Fund and Mirae Asset Mutual Fund have announced important developments, including the filing of offer documents with SEBI for new passive equity schemes and operational enhancements for investors.

While HDFC Mutual Fund has proposed a new index fund tracking India’s consumption theme, Mirae Asset Mutual Fund has both filed an offer document for a sectoral healthcare ETF and introduced a daily SIP facility through UPI AutoPay across its eligible schemes.

HDFC Mutual Fund files offer document for Nifty India Consumption Index Fund

The New Fund Offer price for units would be ₹10 during the NFO. Entry load and Exit load will be nil. The Scheme offers growth option only for investment and seeks to collect a Minimum Target Amount of ₹5 crore.

The performance will be benchmarked against the Nifty India Consumption Index (TRI). The minimum application amount is ₹100 and any amount thereafter.

The investment objective of the scheme is that passive investment in equity and equity related securities replicating the composition of the Nifty India Consumption Index (TRI).

Mirae Asset AMC announces introduction of daily SIP through UPI auto pay mode

Mirae Asset AMC has announced an addendum to the Scheme Information Documents (SIDs)/ Key Information Memorandums (KIMs) of certain Scheme(s) of Mirae Asset Mutual Fund (MAMF).

All other terms and conditions of the scheme remain unchanged. This addendum forms an integral part of the Scheme Information Document(s)/ Key Information Memorandum(s) of the Scheme(s), as applicable, of the Fund as amended from time to time.

Mirae Asset Mutual Fund files offer document for Nifty 500 Healthcare ETF

Mirae Asset Mutual Fund has filed an offer document with SEBI to launch an open-ended equity scheme named ‘Mirae Asset Nifty 500 Healthcare ETF ‘. The New Fund Offer price for units would be 1/1000th of the value of the Nifty 500 Healthcare Index. Entry load and Exit load will be nil. The Scheme does not offer any plan or options for investment and seeks to collect a Minimum Target Amount of ₹5 crore.

The performance will be benchmarked against NIFTY 500 Healthcare TRI (Total Return Index). The minimum application amount is ₹5,000 and in multiples of ₹1 thereafter.

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty 500 Healthcare Total Return Index.