Share:

Mirae Asset Investment Managers (India) Limited has launched a new fund offer for Mirae Asset S&P 500 Top 50 ETF Fund of Fund. The fund is open for subscription between September 1, 2021, and September 15, 2021.

Read on to find out more about the NFO. 

Investment Objective

Mirae Asset S&P 500 Top 50 ETF Fund of Fund is an open-ended fund of fund scheme predominantly investing in units of Mirae Asset S&P 500 Top 50 ETF.

Invest in direct mutual funds

  • Enjoy 0% commission
  • SIP starting at ₹500

Indicative Asset Allocation

Types of Instruments  Indicative allocation  (% of total assets)  Risk Profile
Minimum Maximum
Units of Mirae Asset S&P 500 Top 50 ETF 95% 100% High
Money market instruments/debt securities, Instruments

and/or units of debt/liquid schemes of domestic Mutual

Funds 

0% 5% Low to Medium 

Fund Details

Scheme name Mirae Asset S&P 500 Top 50 ETF Fund of Fund  
Type of scheme An open-ended fund of fund scheme predominantly investing in units of Mirae Asset S&P 500 Top 50 ETF.
NFO Dates September 1 –  September 15, 2021.
Fund Managers Mr. Siddharth Srivastava
Benchmark S&P 500 TOP 50 TRI (Total Return Index) (INR)
Minimum Amount for Application during NFO Rs. 5,000/- and in multiples of Re. 1/- after that
Minimum Additional Purchase Amount Rs 1,000/- and in multiples of Rs 1/- after that
Minimum Redemption/Switch-Out Amount The minimum redemption amount shall be ‘any amount’ or ‘any number of units’. 

A switch request must be compulsorily made for a minimum amount of Rs.5000/- and in multiples of Re. 1 after that. 

Load a) Entry Load: N.A

b) Exit Load: 

(i) If redeemed within 3 months from the date of allotment: 0.50%

(ii) If redeemed after 3 months from the date of allotment: NIL

Plans Direct and Regular
Options Growth 
Minimum SIP Amount Rs 5,000/-

Benchmark

S&P 500 TOP 50 TRI (Total Return Index) (INR)

The S&P 500 Top 50 consists of 50 of the largest companies from the S&P 500, reflecting U.S. mega-cap performance.

A Total Return Index reflects the returns on the index arising from: 

(a) Listed stock price movements and 

(b) Dividend receipts from those stocks.

Fund Manager

Mr Siddharth Srivastava

Mr. Siddharth Srivastava has over 10 years of experience in the field of financial services and stock markets. He has been associated with Mirae Asset Investment Managers (India) Private Limited from 1st January 2020 till date.
Before that, he was associated with Mirae Asset Global Investments (India) Private Limited from 17th Oct 2018 – 31st December 2019 with overall responsibilities of leading passive investment products of the company.

Before that, he was Senior Manager at NSE Indices Limited from September 2014 – October 2018 and was associated as Senior Associate at Morgan Stanley Capital International from November 2010 – August 2014.

Share:

Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.