iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Mirae Asset Nifty EV and New Age Automotive ETF NFO: Key details you need to know

24 Jun 2024 , 12:21 PM

Mirae Asset Mutual Fund is launching NFO under its “Other Fund”, named as Mirae Asset Nifty EV and New Age Automotive ETF. The open ended fund aims to generate returns, before expenses, that are commensurate with the performance of the Nifty EV and New Age Automotive 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 EV and New Age Automotive Index in similar weight proportion.

Asset allocation: The Scheme will invest predominantly in equity and equity related instrument, debt instrument and money market securities.

Who should invest?

Investors with very high risk appetite and want to invest in special situations theme should invest in the Mirae Asset Nifty EV and New Age Automotive ETF for 5 or more years.

Risk associated: Very high level of risk.

Benchmark: Nifty EV and New Age Automotive Total Return Index

Fund Managers: Ekta Gala,

The NFO is available for subscription from June 24 to July 05. 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 EV and New Age Automotive ETF.

Related Tags

  • Mirae Asset nfo
  • Mirae Asset Nifty EV and New Age Automotive ETF
  • Mirae Asset Nifty EV and New Age Automotive ETF nfo
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

ONGC Shares hit All time High
16 Jul 2024|01:47 PM
Sensex and Nifty in green
16 Jul 2024|01:47 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.