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Mirae Asset Mutual Fund launches Mirae Asset Nifty Midcap 150 ETF

(An open-ended scheme replicating/tracking Nifty Midcap 150 Total Return Index)

Mumbai, February 24, 2022:

Mirae Asset Mutual Fund, is one of the fastest growing fund houses in India. Today, the fund house has announced the launch of ‘Mirae Asset Nifty Midcap 150 ETF’, an open-ended scheme replicating/tracking Nifty Midcap 150 Total Return Index.

The NFO will open for subscription on February 24, 2022, and close on March 4, 2022. Mirae Asset Nifty Midcap 150 ETF will be managed by Ms. Ekta Gala. The minimum initial investment in the scheme during the NFO will be Rs 5,000 and multiples of Re 1 thereafter.

Key Highlights:

  • The Nifty Midcap 150 Index aims to track the performance of 150 mid-market capitalization companies
  • Opportunity to participate in entire midcap segment of the market.
  • Relatively low Total Expense Ratio (TER) proposed to be charged by the Scheme. The scheme proposed to charge 5 basis point as the TER ^
  • The Nifty Midcap 150 Total Return Index has given better returns than Nifty 50 and Nifty 100 in the last 1, 3, 5, 7, 10 and 15 years
Periodic Performance
Arbitrage llustration
Data as on Jan 31, 2022. National Stock Exchange (NSE), Past performance may or may not sustain in future. The index return is in Total Return Variant. The data shown above pertains to the Index and does not in manner indicate performance of any scheme of the Fund. Returns greater than one year are CAGR returns.

The Midcap segment is a group of emerging companies in Indian industry*. We at Mirae Asset Mutual Fund are constantly working towards providing cost effective products like these to our partners & investors which can help them enhance their portfolio in this Midcap ETF space.,” said Mr. Swarup Mohanty, Director & CEO, Mirae Asset Investment Managers (India) Pvt. Ltd.

For further information, contact:

Rajesh Joshi
The Good Edge

| M: +91-9833171525

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