Mirae Asset Nifty 8-13 yr G-Sec ETF NFO: All details you need to know

29 Mar 2023 , 10:04 AM

Mirae Asset Mutual Fund is launching NFO under its “ETF category”, named as Mirae Asset Nifty 8-13 yr G-Sec ETF. This open-ended fund generate before expenses that correspond to the returns of Nifty 8-13 yr G-Sec Index, subject to tracking errors.

Investment strategy: The investment objective of the Scheme is to provide returns before expenses that correspond to the returns of Nifty 8-13 yr G-Sec Index. Based on the availability of issuances, it is expected that the portfolio allocation could be different than that of underlying index allocation and could result in tracking error.

Asset allocation: Mirae Asset Nifty 8-13 yr G-Sec ETF will invest in the securities lying under Nifty 8-13 yr G-Sec Index which has Relatively High interest rate risk and Relatively Low Credit Risk.

Who should invest?

Investors with moderate risk appetite and need income over long-term by investing in Relatively High interest rate risk and Relatively Low Credit Risk debt and money market instruments.

Risk associated: Moderate level of risk.

Benchmark: Nifty 8-13 yr G-Sec Index.

Fund Managers: Mr. Amit Modani.

The NFO is available for subscription on March 29. 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 8-13 yr G-Sec ETF.