Shriram Multi Sector Rotation Fund – Direct (G): NFO Details
Mirae Asset Nifty Total Market Index Fund-Dir (G): NFO Details
Last Updated: 14th October 2024 - 05:28 pm
Mirae Asset Nifty Total Market Index Fund aims to allow investors to participate in this unique journey large across, not only mid, small but also micro-cap segments, in a single diversified fund. This new fund aims to capture opportunities across sectors, from established to emerging, present across market cap segments, providing a comprehensive approach to wealth creation over the long term," said Siddharth Srivastava, Head-ETF Product, Mirae Asset Investment Managers (India). Indian economy and stock market’s growth trajectory has led to the evolution of stock and sectoral composition of market cap segments with numerous opportunities existing across the board.
Details of the NFO: Mirae Asset Nifty Total Market Index Fund
NFO Details | Description |
Fund Name | Mirae Asset Nifty Total Market Index Fund |
Fund Type | Open Ended |
Category | Equity: Flexi Cap |
NFO Open Date | 08-October-2024 |
NFO End Date | 22-October-2024 |
Minimum Investment Amt | ₹5000/- and in multiples of Re. 1/- thereafter |
Entry Load | Not Applicable |
Exit Load | Nil |
Fund Manager | Ekta Gala & Vishal Singh |
Benchmark | Nifty Total Market TRI |
iJoin the Club of Lakhs of Tech-Savvy Investors!
Investment Objective and Strategy
Objective:
The investment objective of the scheme is to provide returns, before expenses, that commensurate with the performance of Nifty Total Market Nifty Total Return Index, subject to tracking error. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Investment Strategy:
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of Nifty Total Market Total Return Index, subject to tracking error.
"The Mirae Asset Nifty Total Market Index Fund is well-positioned to seize chances in a variety of areas, including fintech and digital entertainment as well as more established ones like banking, IT, and pharmaceuticals. According to the statement, "This wide exposure is meant to give investors potential for market cap and sectoral diversification, as well as risk management."
Why Invest in Mirae Asset Nifty Total Market Index Fund?
Avenue for exposure to Indian market: Nifty Total Market Index provides exposure to all market cap segments listed on NSE and provides investor exposure to the entire Indian market through its portfolio of 750 stocks.
Wide-coverage: Nifty Total Market Index provides coverage of approximately 96% of full market cap of companies listed on NSE.
Diversification: The Index covers all 22 sectors classified by NSE. Moreover, the index also covers all 100 Large cap, 150 Mid cap and 250 Small cap stocks along with 250 Micro Cap stocks. (Pursuant to Clause 2.7 of Part IV of SEBI Master Circular dated June 27, 2024. the universe of "Large Cap" shall consist of top 100 companies. "Mid Cap" shall consist of 101st to 250th company. "Small Cap" shall consist of 251st to 500th and "Micro Cap" shall consist of 501st onwards companies in terms of full market capitalization.)
To Summarize
The Mirae Asset Nifty Total Market Index Fund aims to provide diversification and long-term wealth creation by capitalising on the dynamic evolution of the Indian economy, the company said.
Trending on 5paisa
05
5paisa Research Team
06
5paisa Research Team
Discover more of what matters to you.
Mutual Funds Related Articles
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.