Mirae Asset Arbitrage Fund NFO period from June 3 to June 12, 2020:
Mirae Asset Mutual Fund launched a new fund offer. The NFO is Mirae Asset Arbitrage Fund. It was an open-ended hybrid scheme investigation in Arbitrage Fund . The subscription period will start on 2nd March and it will end on 16th March.
|Fund Name||Mirae Asset Arbitrage Fund|
|Fund House||Mirae Asset Mutual Fund|
|NFO Period||June 3 to June 12, 2020|
|Benchmark||NIFTY 50 Arbitrage Index|
The Mirae Asset Mutual Fund NFO offered the initial price of Rs 10 per unit in the subscription period. The benchmark of this NFO is the NIFTY 50 Arbitrage Index.
Entry Load and Exit Load:
There was nil entry load for this NFO. Similarly, the exit load, for redeemed or switched out within 30 days- 0.25% of the NAV applicable. For redeemed or switched out after 30 days- nil
Mirae Asset Arbitrage Fund Minimum investment amount:
As per the draft prospectus, the minimum amount of investment is Rs 5,000 and in multiples of Re 1 thereafter for growth option. Also, for the additional application with the minimum amount of Rs 1,000 in multiples of Re 1 thereafter.
Objects of the NFO:
The investment objective of the scheme is to generate long term capital appreciation and by investing predominantly in arbitrage opportunities.
|Instruments||Allocation (% of total assets)||Risk Profile|
|Equities and Equity Linked Instruments||65% to 90%||Medium-High|
|Derivatives including Index Futures, Stock Futures, Index Options, and Stock Options||65% to 90%||Medium-High|
|Debt Securities and Money Market instruments||10% to 25%||Low-Medium|
|Units issued by REITs and InvITs||0% to 10%||Medium-High|
Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before invest.