Mirae Asset Nifty LargeMidcap 250 Index Fund NFO: Date & NAV

Mirae Asset Nifty LargeMidcap 250 Index Fund: Complete Overview

Mirae Asset Mutual Fund launches Mirae Asset Nifty LargeMidcap 250 Index Fund under Mirae Asset AMC. The NFO dates are 10 October 2024 to 18 October 2024 and the mutual fund scheme shall reopen for continuous Sales and repurchases from October 25, 2024, and carries a very high risk.

It will track the performance of the Nifty LargeMidcap 250 Index providing exposure to both Midcap and Largecap companies. Every quarter, the combined weight of large-cap stocks and mid-cap companies is reset to 50% each.

Capturing the performance of 250 stocks from the Nifty Midcap 150 and Nifty 100 indexes is the goal of the Nifty LargeMidcap 250 Index.

The Scheme’s assets allocation shall be 95 to 100% in Securities covered by the Nifty LargeMidcap 250 Index TRI and 0 to 5% in debt and money market instruments, instruments, and debt or liquid schemes of domestic mutual funds.

Fund Objective

to provide returns that, before expenses, roughly correspond to the performance of the Nifty LargeMidcap 250 Index, accounting for tracking errors.

Scheme Plan: 

Mirae Asset Nifty LargeMidcap 250 Index Fund-Direct Plan

Mirae Asset Nifty LargeMidcap 250 Index Fund-Regular Plan

Mirae Asset Mutual Fund Details

• AUM of over Rs.161740.88 crore.

• 38 Schemes in India currently.

Index Methodology

Periodic Capped Free Float.

Nifty LargeMidcap 250 Index Returns 

The index returns have been for 1 year and 5 years are 43.54% and 25.53%.

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Fund Overview

How to Invest in the Scheme After the Closure of the NFO?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then on or before 25 October 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 Nifty LargeMidcap 250 Index Fund” or directly with the AMC or simply click the ‘Banner’ below.

 

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

 

Peers of Mirae Asset Nifty LargeMidcap 250 Index Fund

Risk Factors In Such Funds

• Securities linked to equities are prone to daily price swings and are therefore volatile. Trading volumes and settlement times may limit the liquidity of investments made in the Scheme. Unexpected events may result in a large extension of settlement times.

• There is some risk associated with investing in equities and equity-related instruments, thus prospective buyers should only purchase equity schemes if they can afford to assume the possibility of losing their money.

• In contrast to securities that are listed on the markets or provide investors with additional exit alternatives, such as put options, securities that are not quoted on stock exchanges are by their very nature illiquid and pose a higher liquidity risk.

 

Past Performance of Nifty LargeMidcap 250 Index Funds

 

Mirae Asset Nifty LargeMidcap 250 Index Fund-Fund Managers

• Ms. Ekta Gala.

• Mr. Vishal Singh.

Conclusion

Mirae Asset Nifty LargeMidcap 250 Index Fund provides diversification of large and mid-cap stocks with a view to replicate the performance of the Nifty LargeMidcap 250 Index. Suitable for high-risk tolerant investors with a long-term view. This fund holds very high risk. Investors can capture broad-market exposure along with the potential for growth from these two segments. In this case, it is important to ascertain personal risk thresholds before investing.

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