MUTUAL FUNDS
Mirae Asset Mutual Fund files offer document for Multi Factor Passive FOF
Jul-15-2025
Mirae Asset Mutual Fund has filed offer document with SEBI to launch open ended fund of fund scheme named ‘Mirae Asset Multi Factor Passive FOF'. The New Fund Offer price for units would be at Rs 10 during the NFO period. Entry load will be nil and Exit load if redeemed or switched out within 5 Calendar days from the date of allotment will be 0.05%, If redeemed or switched out after 5 days from date of allotment 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 as against NIFTY 500 Index (TRI). The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of factor based domestic equity ETFs which are based on single or multiple strategies like alpha, momentum, low volatility, value, growth, equal weighing, quality etc.

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