Mirae Asset Mutual Fund launches Mirae Asset Banking and Financial Services Fund
By: Eastern Fin Research Team# Mutual Fund
NFO period: 25th November – 04th December, 2020
Highlights of the NFO:
Scheme type – An open-ended equity scheme investing in Banking & Financial Services Sector
Investment objective – The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector. The scheme does not guarantee or assure any returns.
Product suitability – This product is suitable for investors who are seeking to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies in banking and financial services sector in India.
Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter
Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Option. The Dividend Option shall have only Dividend Reinvestment and Payout option.
Fund Manager – Mr. Harshad Borawake and Mr. Gaurav Kochar
Benchmark – NIFTY Financial Services TRI Index (Total Return Index)