MUTUAL FUNDS
Mirae Asset MF introduces Mirae Asset Arbitrage Fund
Jun-03-2020

Mirae Asset Mutual Fund (MF) has launched the Mirae Asset Arbitrage Fund (MAAF), an open ended scheme investing in arbitrage opportunities. The NFO opens for subscription on June 03, 2020 and closes on June 12, 2020. Entry load will not be applicable for the scheme. Exit load will be 0.25%, if units Redeemed or Switched out within 30 days from the date of allotment and if units Redeemed or Switched out after 30 Days the exit load will be nil. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.

The scheme’s performance will be benchmarked against its performance to NIFTY 50 Arbitrage Index and its fund managers are Jignesh Rao, Jigar Shethia and Mahendra Kumar Jajoo.

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.

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