Mirae Asset Nifty50 Equal Weight ETF NFO Opens April 30th. Invest from ₹5,000; Subscription Open Until May 6th, 2025. This is an open-ended equity scheme.
NFO: If you're considering mutual fund investments, this could be a good opportunity. Mirae Asset Mutual Fund has launched a new open-ended equity scheme, the Mirae Asset Nifty50 Equal Weight ETF. This scheme tracks the NIFTY 50 Equal Weight TRI Index.
This New Fund Offer (NFO) opened today, April 30th, and will remain open for subscription until May 6th, 2025.
Start with ₹5,000, No Lock-in Period
You can start investing in this NFO with just ₹5,000. Subsequent investments can be made in multiples of ₹1. The scheme has no lock-in period or exit load, offering greater investment flexibility. Akshay Udeshi and Ekta Gala are managing this fund.
Where Will the Fund Invest?
This scheme will allocate 95% to 100% of its assets in stocks of companies included in the NIFTY 50 Equal Weight TRI Index. Additionally, 0% to 5% may be invested in debt and money market instruments.
Investment Strategy
This fund is based entirely on a passive investment strategy. This means it will invest in all companies included in the index with equal weightings. The fund will be rebalanced periodically to adjust to changes in the index.
Who is This Scheme For?
If you seek long-term capital growth and prefer index-based investing, this fund might be suitable. However, this scheme has a high riskometer, so be sure to assess your risk tolerance before investing.
