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Mirae Asset Nifty 1D Rate Liquid ETF NFO: Key details you need to know

26 Jul 2023 , 09:44 AM

Mirae Asset Mutual Fund is launching NFO under its “ETF category”, named as Mirae Asset Nifty 1D Rate Liquid ETF. This open-ended fund aims to provide current income, commensurate with low risk while providing a high level of liquidity through a portfolio of Tri-Party Repo on Gsec or T-bills / Repo & Reverse Repo.

Investment strategy: The AMC uses a ‘‘passive’’ approach to try and achieve Scheme’s investment objective. Unlike other Fund, the Scheme does not try to ‘‘beat’’ the markets. The AMC does not make any judgments about the investment merit of a particular instrument or a particular industry segment nor will it attempt to apply any economic, financial or market analysis.

Asset allocation: The Scheme will invest in debt and money market instruments with a relatively low interest rate risk and relatively low credit risk.

Who should invest?

Investors with low risk appetite and want to invest for short term in a mutual fund for regular income should invest in Mirae Asset Nifty 1D Rate Liquid ETF. 

Risk associated: Low level of risk.

Benchmark: g Nifty 1D Rate Index

Fund Managers: Mr. Amit Modani.

The NFO is available for subscription from July 24 to July 26. 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 1D Rate Liquid ETF.

Mirae Asset Nifty 1D Rate Liquid ETF

Related Tags

  • ETF
  • mirae asset mf
  • Mirae Asset mf schemes
  • Mirae Asset Mutual Fund
  • Mirae Asset Nifty 1D Rate Liquid ETF
  • Mirae Asset Nifty 1D Rate Liquid ETF NFO
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