search
Call at 1800-2090-777 Call at 1800-2090-777
wishToInvest wishToInvest

PRESS RELEASE: Mirae Asset Mutual Fund launches New Fund Offer!

DOWNLOAD THE FULL ARTICLE

Mirae Asset Nifty India Manufacturing ETF

(An open-ended scheme replicating/tracking Nifty India Manufacturing Total Return Index)

Mirae Asset Nifty India Manufacturing ETF FOF

(An open-ended fund of fund scheme predominantly investing in Mirae Asset Nifty India Manufacturing ETF)

Mumbai, January 10, 2022:

Mirae Asset Mutual Fund, one of the fastest growing fund houses in India which invests in the equities and debt segments, today announced the launch of ‘Mirae Asset Nifty India Manufacturing ETF’, an open-ended scheme replicating/tracking Nifty India Manufacturing Total Return Index and the ‘Mirae Asset Nifty India Manufacturing ETF FOF’, an open-ended fund of fund scheme predominantly investing in Mirae Asset Nifty India Manufacturing ETF.

The NFO for both the funds will open for subscription on January 10, 2022. While the Mirae Asset Nifty India Manufacturing ETF will close on January 20, 2022, the Mirae Asset Nifty India Manufacturing ETF FOF will close on January 24, 2022. Both the schemes will be managed by Ms. Ekta Gala.

The minimum initial investment in both the schemes will be Rs 5,000 and multiples of Re 1 thereafter.

Key Highlights:

  • Allows investors the opportunity to participate in potential emerging segments like Electric Vehicles, Electronics, Battery Tech, Defense etc.
  • Investors can achieve diversification against funds which are tilted towards services and consumption sector
  • The Nifty India Manufacturing Index aims to track the performance of stocks that represent manufacturing sectors in India
  • Nifty India Manufacturing Index has outperformed Nifty 500 Index during period of economy recovery & make in India push ^
  • Nifty India Manufacturing Index has outperformed NIFTY 50 Index, in last 6 out of 8 calendar years (including 2021 YTD) ^
  • Portfolio covers majority of sectors where government aims to provide around Rs 2Tn incentive for capacity expansion which may contribute to significant growth.

“While services and consumption have been focus areas for investors, manufacturing has seemingly been underrated despite a strong performance over the last few years. Going forward, the Manufacturing segment has the potential to become the next growth driver for India, backed by strong government initiatives like Production Linked Incentive schemes and the Make in India push. Over the past few years, India-based manufacturing companies have been increasingly incorporating digital and Industry 4.0 into their processes becoming more efficient, productive and competitive, with improvements in quality as well. This could potentially open up a larger domestic market for them as well as provide increased export opportunities, and that augurs well for the sector,” said Mr. Swarup Mohanty, Director & CEO, Mirae Asset Investment Managers (India) Pvt. Ltd.

Offer for Sale of Units of the Mirae Asset Nifty India Manufacturing ETF will be at 1/100th value of the Nifty India Manufacturing closing Index as on the date of allotment for applications received during the New Fund Offer (“NFO”) period and at approximately indicative NAV based prices (along with applicable charges and execution variations) during the Ongoing Offer for applications directly received at AMC.

Offer for units of Mirae Asset Nifty India Manufacturing ETF FOF will be Rs. 10/- each during the New Fund Offer and continuous offer for units at NAV based prices.

For further information, contact:

Rajesh Joshi
The Good Edge
rajesh@thegoodedge.com
M: +91-9833171525

fixed

MIRAE ASSET NIFTY INDIA MANUFACTURING ETF

(An open-ended scheme replicating/tracking Nifty India Manufacturing Total Return Index)

New Fund Offer opens on: 10/01/2022 & closes on: 20/01/2022 | Scheme re-opens for continuous Sale and

Repurchase from 31/01/2022

RISKOMETER
Mirae Asset Riskometer

MIRAE ASSET NIFTY INDIA MANUFACTURING ETF FUND OF FUND

(An open-ended fund of fund scheme predominantly investing in Mirae Asset Nifty India Manufacturing ETF.)

New Fund Offer opens on: 10/01/2022 & closes on: 24/01/2022 | Scheme re-opens for continuous Sale and

Repurchase from 01/02/2022.

RISKOMETER
Mirae Asset Riskometer


fixed

Mutual fund investments are subject to market risks, read all scheme related documents carefully.

Request a Callback

Close
Please Enter Name
Please Enter Email ID
Please Enter Mobile Number
Please Enter City
Please Select Fund Name
 
Please enter Captcha
Please enter all required fields

By entering your personal details, you hereby authorize Mirae Asset Mutual Fund and/or its authorized service provider(s) to contact you and this will override any NDNC registration made by you.