Mirae Asset Equity Allocator Fund of Fund Subscription Period From 8th September To 15th September 2020:
Mirae Asset Mutual Fund to launch its new fund offer, namely, Mirae Asset Equity Allocator Fund of Fund. So then, this fund comes as an open-ended scheme. Also, it would invest in units of domestic equity ETFs. Besides, the NFO subscription period started on 8th September 2020 and it will be close on 15th September 2020.
|Fund Name||Mirae Asset Equity Allocator Fund of Fund|
|Fund House||Mirae Asset Mutual Fund|
|NFO Period||8th September To 15th September 2020|
|Benchmark||NIFTY 200 Index (TRI)|
The Mirae Asset MF NFO offered the initial price of Rs. 10 per unit in the subscription period. Moreover, the offer of units of the mutual fund is Rs. 10 per each unit. The benchmark of this NFO is the NIFTY 200 Index (TRI).
Exit Load and Exit Load:
There was nil entry load for this new fund offer. Similarly, nil exit loads applicable to all investors from the date of allotment.
Mirae Asset Equity Allocator Fund of Fund Minimum Investment Amount:
Significantly, as per the draft prospectus, the minimum investment for the initial purchase stood as Rs. 5,000 and in multiples of ₹ 1 thereafter. Also, for additional purchases, the minimum amount would remain Rs. 1,000 and in multiples of ₹ 1 thereafter. Furthermore, the minimum target amount of the scheme is Rs. 10 Cr.
Objects of the NFO:
The investment objective of the scheme plans to generate long term capital appreciation through predominantly in units of domestic equity ETFs. As well as, the investor needs to know the fund has introduced with the moderately high-risk principle. It schemes available in both direct and regular plans.
|Instruments||Allocation (% of total assets)||Risk Profile|
|Units of domestic Equity ETFs||95% to 100%||High|
|Money markets instruments/debt securities||0% to 5%||Low to Medium|
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 investing.