MUTUAL FUNDS
Mirae Asset Mutual Fund files offer document for BSE 200 Equal Weight ETF
Oct-31-2024
Mirae Asset Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Mirae Asset BSE 200 Equal Weight ETF ‘. The New Fund Offer price will be 1/1000th value of the BSE 200 Equal Weight closing Index as on the date of allotment. Entry load and Exit load will be nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance of the scheme will be benchmarked against BSE 200 Equal Weight TRI (Total Return Index). The minimum application amount is Rs 5000 and in multiple of Re 1 thereafter.

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the BSE 200 Equal Weight Total Return Index, subject to tracking error.

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