Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoF NFO: Key details you need to know

26 Feb 2024 , 10:28 AM

Mirae Asset Mutual Fund is launching NFO under its “ETF FoF domestic category”, named as Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoF. The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF.

Investment strategy: Investments made from the net assets of the Scheme would be in accordance with the investment objective of the Scheme and the provisions of the SEBI (MF) Regulations.

Asset allocation: As per investment objective, the scheme will invest in units of Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in Nifty Smallcap 250 Momentum Quality 100 Index should invest in Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF. 

Risk associated: Very high level of risk.

Benchmark: Nifty Smallcap 250 Momentum Quality 100 TRI.

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

The NFO is available for subscription from February 15 to February 28. 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 ₹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 Smallcap 250 Momentum Quality 100 ETF FoF.