Mirae Asset Nifty 100 Low Volatility 30 ETF NFO: All you need to know

21 Mar 2023 , 10:11 AM

Mirae Asset Mutual Fund is launching NFO under its “ETF category”, named as Mirae Asset Nifty 100 Low Volatility 30 ETF. This open-ended fund of fund seeks to generate returns that commensurate with the performance of Nifty 100 Low Volatility 30 ETF.

Investment strategy: The investment strategy of the Scheme will be to invest in a basket of securities forming part of Nifty 100 Low Volatility 30 Index in similar weight proportion. The fund will be managed passively.

Asset allocation: The Scheme would invest in stocks constituting the Nifty 100 Low Volatility 30 Index in the similar proportion (weightage) as in the Index and endeavor to track the benchmark index..

Who should invest?

Investors with very high risk appetite and want to invest for 7 to 10 years in a mutual fund should invest in Mirae Asset Nifty 100 Low Volatility 30 ETF. 

Risk associated: Very high level of risk.

Benchmark: Nifty 100 Low Volatility 30 ETF.

Fund Managers: Ms. Ekta Gala.

The NFO is available for subscription from March 13 to March 21. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Mirae Asset Nifty 100 Low Volatility 30 ETF.