MUTUAL FUNDS
Mirae Asset Mutual Fund files offer document for Income plus Arbitrage Active FoF
May-08-2025
Mirae Asset Mutual Fund has filed offer document with SEBI to launch an open-ended fund of funds named ‘Mirae Asset Income plus Arbitrage Active FoF'. The New Fund Offer price for units would be Rs 10 each during the NFO period. Entry load will be nil and exit load-if redeemed or switched out within 15 days from the date of allotment will be 0.25%; if redeemed or switched out after 15 days from date of allotment exit load will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against the Nifty Short Duration Debt Index (60%) + Nifty 50 Arbitrage Index (TRI) (40%). The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of actively managed debt oriented and arbitrage mutual fund scheme.

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