Mirae Asset MF launches Nifty500 Multicap 50:25:25 ETF NFO

Mirae Asset Nifty500 Multicap 50:25:25 ETF: Complete Overview

Mirae Asset Mutual Fund launches “Mirae Asset Nifty500 Multicap 50:25:25 ETF”. It is an open-ended equity scheme that replicates the Nifty500 Multicap 50:25:25 ETF. The New Fund Offer (NFO) date is from August 12 to August 26, 2024, with an NFO price of Rs.5000 and in multiples of Rs.1 thereafter. To learn about the Fund's asset allocation, and other financial characteristics that influence decision-making, carefully read this blog.

Mirae Asset Nifty500 Multicap 50:25:25 ETF NFO Details

The scheme is suitable for investors who want to achieve returns that correspond to the Nifty500 Multicap 50:25:25 Total Return Index's performance, subject to long-term tracking error and investments in equities securities included in the index. The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met. The scheme will invest 95-100% of its units in Equity underlying the Nifty500 Multicap 50:25:25 Total Return Index and 0-5% in money market instruments including debt securities, instruments of the domestic mutual fund industry, or units of debt or liquid schemes.

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Fund Overview

The minimum subscription amount is set at Rs.5000 and in multiples of Rs.1 thereof.

How To Invest In The NFO After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then on 2 September 2024, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “Mirae Asset Nifty500 Multicap 50:25:25 ETF” or directly with the AMC or simply click the ‘Banner’ below

The Objective of The Fund

The Scheme intends to achieve returns that, before costs, correspond to the Nifty500 Multicap 50:25:25 Total Return Index's performance, subject to tracking error. Nevertheless, there can be no assurance or guarantee that the scheme's investment goals will be met.

Asset allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

Peers of Mirae Asset Nifty500 Multicap 50:25:25 ETF

Since this scheme is a new scheme, hence no comparable data on its past performance against its peers is available.

Risk Factors In Such Funds

• The Scheme's NAV will change in response to stock market fluctuations. The Investor could lose capital over a short or long period due to fluctuations in the Scheme's NAV as a result of variables such as company performance.

• Although closely tracking the index is the scheme's goal, performance may not always match the underlying Index's performance on a given day or over a particular length of time.

• Using derivatives carries risks that are distinct from, or possibly higher than, those of making direct investments in stocks and other conventional instruments.

• The investment in the scheme could increase or decrease based on a variety of variables and pressures affecting the debt and capital markets, as well as changes in the interest rate, price, and value of the securities in which the scheme invests.

Past Performance of Index Funds

Mirae Asset Nifty500 Multicap 50:25:25 ETF NFO-Who Can Invest?

This Fund is ideal for those who want to achieve returns that correspond to the Nifty500 Multicap 50:25:25 Total Return Index's performance, subject to long-term tracking error and investments in equities securities included in the index.

Mirae Asset Nifty500 Multicap 50:25:25 ETF NFO-Growth Fund Managers

• Ms. Ekta Gala 

• Mr. Vishal Singh

Conclusion

The new Mirae Asset Nifty500 Multicap 50:25:25 ETF is appropriate for investors aiming for returns corresponding to the Nifty500 Multicap 50:25:25 Total Return Index's performance, subject to long-term tracking error and investments in equities securities included in the index. Always assess your Financial Goals, Risk tolerance, time horizons, etc. before making an investment decision. 

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.