MUTUAL FUNDS
Mirae Asset Mutual Fund files offer document for Nifty Top 20 Equal Weight ETF
Jun-13-2025
Mirae Asset Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Mirae Asset Nifty Top 20 Equal Weight ETF'. The New Fund Offer price for units would be at 1/100th value of the Nifty Top 20Equal Weight Index during the NFO period. Entry load and exit load will be nil. The Scheme does not offer any Plans/Options for investment, and seeks to collect a Minimum Target Amount of Rs 5 crore

The performance of the scheme will be benchmarked by Nifty Top 20 Equal Weight TRI (Total Return Index). The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Top 20Equal Weight Index.

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