Mirae Asset Launches Mirae Asset Money Market Fund
Mumbai, Maharashtra: Mirae Asset Investment Managers (India) Pvt. Ltd., one of the fastest-growing fund houses in the country today announced the launch of Mirae Asset Money Market Fund', an open ended debt scheme investing in money market instruments. The New Fund Offer (NFO) will open for subscription on August 4, 2021 and will close on August 10, 2021. Scheme re-opens for continuous Sale and Repurchase from 12/08/2021.
The fund will be benchmarked with the Nifty Money Market Index and will be managed by Mr. Mahendra Jajoo.
Key features:
Ideal for investors with an investment horizon of upto 1 year.
Aimed at offering Better risk adjusted returns.
Investment will primarily be made in money market instruments with up to 1-year maturity.
The duration of the portfolio will be between 6 Months 1 year.
Fund will predominantly follow rolldown strategy, wherein it will maintain duration of 6 Months 1 Year.
The fund will have options of Regular Plan and Direct Plan with Growth Option and Income Distribution and Capital Withdrawal (IDCW) Option (Payout & Re-investment).
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
