| Launch date | 10 May 2024 |
| Allotment date | 30 May 2024 |
| End date | 24 May 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.06%
Inclusive of GST
Exit load
Exit load of 0.5%, if redeemed within 3 months.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹500 |
Fund house & investment objective
| Rank (total assets) | #13 in India |
|---|---|
| Total AUM | ₹1,81,758.25Cr |
| Date of Incorporation | 30 Nov 2007 |
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Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth - NFO is a Equity Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 30 Nov 2007. The fund currently has an Asset Under Management(AUM) of ₹1,81,758 Cr and the Latest NAV as of 30 May 2024 is ₹10.00. The Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth - NFO is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. Exit load of 0.5%, if redeemed within 3 months. ;
| Fund benchmark | Nifty MidSmallcap400 Momentum Quality 100 Total Return Index |
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