Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Floats On

4 Aug 2022 , 11:49 AM

Mirae Asset Mutual Fund has launched a new fund named as Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.

Category of Scheme: Fund of Fund (FOF) (Overseas)

The scheme has two plans: regular plan and direct plan, each plan offers growth option.

The minimum application amount is Rs 5000 and in multiples of Re. 1/- thereafter.

The additional application amount is Rs 1000 and in multiples of Re. 1/- thereafter.

Load structure: Entry Load – NIL. Exit Load – If redeemed within 1 year (365 days) from the date of allotment: 1%. If redeemed after 1 year (365 days) from the date of allotment: NIL.

Benchmark Index for the scheme is Solactive Autonomous & Electric Vehicles Index (TRI) (INR)

The fund manager of the scheme is Siddharth Srivastava – Head – ETF Products.

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