MUTUAL FUNDS
Mirae Asset Mutual Fund files offer document for BSE India Defence ETF
Oct-15-2025

Mirae Asset Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Mirae Asset BSE India Defence ETF’. The New Fund Offer price for units would be 1/ 100 th value of the BSE India defence 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 Nifty BSE India Defence TRI. The minimum application amount is Rs 5000 and in multiples 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 India Defence Index, subject to tracking error. 

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