MUTUAL FUNDS
Mirae Asset MF introduces Long Duration Fund
Nov-21-2024

Mirae Asset Mutual Fund has launched Mirae Asset Long Duration Fund, an open ended debt scheme investing in instruments such that the Macaulay duration of the portfolio is greater than 7 years with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on November 21, 2024 and closes on December 02, 2024. The Entry load is not applicable and Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000/- and in multiples of Rs 1/- thereafter.

The performance of the scheme will be benchmarked at CRISIL Long Duration Debt A-III Index and its fund manager is Kruti Chheta.

The investment objective of the scheme is to generate returns through an actively managed diversified portfolio of debt and money market instruments such that the Macaulay duration of the portfolio is greater than 7 years.


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