Mirae Asset Mutual Fund is launching its new fund offer (NFO), the Mirae Asset Nifty Total Market Index Fund, from October 8 to October 22, 2024. This open-ended equity scheme will track the Nifty Total Market TRI Index, offering investors exposure to a broad spectrum of companies across largecap, midcap, smallcap, and microcap segments.
Why Invest in This Fund?
The Nifty Total Market TRI Index covers 750 companies from various sectors and market caps. This means investors can diversify their portfolios by getting exposure to companies of different sizes, across industries like banking, information technology, pharmaceuticals, infrastructure, fintech, and digital entertainment. The wide diversification increases the chances of achieving higher returns in the long term.
Special Features of the Fund
- NFO Open Date: October 8, 2024
- NFO Close Date: October 22, 2024
- Minimum Investment: ₹5000 (and multiples of ₹1 thereafter)
- Benchmark Index: Nifty Total Market TRI
- Exit Load: None
- Lock-in Period: None
- Category: Equity Flexi Cap
This fund offers flexibility with no exit load or lock-in period, making it an attractive option for long-term investors seeking diversified exposure to the Indian equity market.
Potential for Long-Term Returns
Siddharth Srivastava, Head of ETF Products at Mirae Asset Investment Managers, stated that the dynamic growth of the Indian economy and stock market offers investors a unique opportunity to participate in this growth across multiple sectors. This fund provides access to largecap, midcap, and smallcap companies, with potential for higher returns in the long run.
Impressive Index Performance
- 1 Year Return: 42.1%
- 3 Year Return: 19.5%
- 5 Year Return: 23.2%
- 10 Year Return: 15.6%
- 15 Year Return: 14.5%
- Since Inception: 15.8%
With the NFO closing on October 22, this is a great opportunity to invest in a diversified equity fund that aims to capitalize on India’s growth story across various market segments.
(Note: Past performance may not guarantee future results. Investors should consult their financial advisor before making any investment decisions.)
