Mirae Asset Nifty IT ETF NFO: Everything you need to know

16 Oct 2023 , 02:37 PM

Mirae Asset Mutual Fund is launching NFO under its “ETF category”, named as Mirae Asset Nifty IT ETF. The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty IT Total Return Index, subject to tracking error. 

Investment strategy: The investment strategy of the Scheme will be to invest in a basket of securities forming part of Nifty IT Total Return Index in similar weight proportion.

Asset allocation: The scheme will invest in Securities included in the Nifty IT Total Return Index and money market instruments.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in ETF should invest in Mirae Asset Nifty IT ETF. 

Risk associated: Very high level of risk.

Benchmark: Nifty IT Total Return Index.

Fund Managers: Ms. Ekta Gala and Mr. Vishal Singh.

The NFO is available for subscription from October 13 to October 18. 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 IT ETF.