Mirae Asset Investment Managers (India) Pvt. Ltd. announces launch of two New Fund Offer (NFOs), India’s 1st first Hybrid ETF i.e. Mirae Asset Nifty200 Momentum 30 Plus 8-13 yr G-Sec 50:50 ETF (An open-ended exchange traded fund replicating/tracking Nifty200 Momentum 30 Plus 8-13 yr G-Sec 50:50 Total Return Index), which is a smart beta balanced hybrid ETF and India’s first smart beta Hybrid Index fund i.e. Mirae Asset Nifty 200 Momentum 30 Plus 8-13 yr G-Sec 75:25 Index Fund (An open-ended index fund replicating/tracking Nifty200 Momentum 30 Plus 8-13 yr G-Sec 75:25 Index), which is an equity-oriented hybrid index fund.
Both funds are based on same equity and debt underlying. The Hybrid ETF targets balanced allocation by investing equally in equity and debt, whereas Hybrid index fund targets aggressive allocation by investing 75% in equity and remaining in debt. Equity component will replicate Nifty200 Momentum 30 Index, a smart beta equity strategy which seeks to generate returns by capturing stocks which have delivered relatively better risk adjusted returns recently. The debt component is based on Nifty 8 - 13 yr G-Sec Index, which seeks to provide drawdown protection without any credit risk*, though it carries higher duration. The NFO for both funds will open for subscription on July 10, 2026 and will close on July 22, 2026 . The ETF re-opens on July 28, 2026 whereas Index Fund re-opens on July 29, 2026.
“Blend of equity and debt aims to provides growth with stability. With Momentum as equity component, these hybrid funds seek to capture the equity market upside in an aggressive manner, whereas the debt component seeks to mitigate risk and higher volatility” said Siddharth Srivastava, Head - ETF Product and Fund Manager, Mirae Asset Investment Managers (India) Pvt. Ltd. “Both funds carry different level of exposure to equity and debt, ETF targets balanced approach whereas Index fund target aggressive hybrid approach. The investors may choose the hybrid fund which suits their risk profile in a better manner.”
The weight to equity and debt component will be reset on a monthly basis, whereas underlying equity index portfolio will be reconstituted on a semi-annual basis. As the underlying indices follows a defined methodology for equity and debt selection, weighting, and rebalancing, allocation outcomes may be more predictable than those of discretionarily managed hybrid funds. As the Hybrid ETF will be listed on the stock exchange, units held for more than one year may qualify for long-term capital gains tax treatment, subject to the prevailing tax laws. In addition, investors will have the flexibility to buy and sell units during market hours at real-time, intraday prices.
The minimum initial investment during NFO will be Rs 5,000/- (Rupees Five Thousand) with subsequent investments in multiples of Re. 1 thereafter.
The ETF and Index Fund will be managed by Ms. Ekta Gala & Ms. Pranavi Kulkarni.
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