Mutual Fund New Scheme: Mirae Asset Mutual Fund has launched its new fund offer (NFO), Mirae Asset Nifty Total Market Index Fund. This NFO will be open for investment from October 8 to October 22, 2024. This is an open ended equity scheme, which will track the Nifty Total Market TRI Index. Through mutual funds, investors will get exposure to largecap, midcap, smallcap and microcap companies i.e. companies of every market cap. The scheme will reopen for continuous sale and repurchase on October 29.
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You will get returns from special investment strategy
Nifty Total Market TRI provides exposure to 750 companies of different market caps. This includes stocks of companies with every market cap present in every sector. With this strategy of mutual fund scheme, investors get diversification and the chances of getting high returns increase. In this scheme one can invest with a minimum amount of Rs 5000 and thereafter any amount in multiples of Re 1.
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Special features of the scheme
Open Date : 8 October 2024
Close Date : 22 October 2024
Category : Equity Flexi Cap
Minimum investment: Rs 5000
Lock in period: none
Exit load: none
Benchmark: Nifty Total Market TRI
SIP Champion: This scheme of SBI made SIP of Rs 5000 Rs 3 crore, solid record of giving returns in every phase.
In which sectors investment is mainly done?
Mirae Asset Nifty Total Market Index Fund will primarily invest in emerging industries like banking, information technology, pharmaceuticals, manufacturing, infrastructure, and fintech and digital entertainment.
Opportunity to earn high returns
Siddharth Srivastava, Head – ETF Products, Mirae Asset Investment Managers (India) Pvt Ltd, says the growth trajectory of the Indian economy and stock market has fueled the evolution of the sectoral composition of the stock and market cap segments. Mirae Asset Nifty Total Market Index Fund offers investors an opportunity to participate and benefit from this dynamic journey across largecap, midcap and smallcap segments. High returns can be achieved in this fund in the long term.
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Nifty Total Market TRI: Index Returns
1 year: 42.1 percent
3 years: 19.5 percent
5 years: 23.2 percent
10 years: 15.6 percent
15 years: 14.5 percent
After Inception: 15.8 percent
(Note: Past performance of the index may or may not be sustained in future. Investors are advised to consult their financial advisor before taking any investment decision. The factors given above are given for illustrative purposes only. .)