Mirae Asset NYSE FANG plus ETF FoF NFO

Name of the Scheme: Mirae Asset NYSE FANG+ETF Fund of Fund (New Fund Offer NFO)

Category of Scheme: Fund of Fund – Domestic (FOF)

Type of the Scheme: An open ended fund of fund scheme predominantly investing in Mirae Asset NYSE FANG+ ETF

Manager: Ms. Ekta Gala (Inter CA (IPCC), B.Com) more than 27 Years experience.

Investment Objective:   The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset NYSE FANG+ ETF. There is no assurance that the investment objective of the Scheme will be realized.  

Risk-o-meter: Very High

Offer for units of Rs. 10/- each during the New Fund Offer and continuous offer for units at NAV based prices. 

 New Fund Offer:

 opens on :19/04/2021 

 closes on :03/05/2021 

 Scheme re-opens for continuous Sale and Repurchase from 11/05/2021 

Liquidity Facility:  As per SEBI Regulations, the Mutual Fund shall dispatch redemption proceeds within 10 Business Days of receiving a valid redemption request. A penal interest of 15% per annum or such other rate as may be prescribed by SEBI from time to time, will be paid in case the redemption proceeds are not made within 10 Business Days from the date of receipt of a valid redemption request.  

Minimum Application Amount: Investors can invest under the Scheme during the New Fund Offer period and ongoing offer period with a minimum investment of Rs.5,000/- and in multiples of Re. 1/- thereafter.

Minimum SIP amount: Rs. 5000 /Month

Transaction Charges: First Time Mutual Fund Investor (across Mutual Funds): Transaction charge of Rs. 150/- for subscription of Rs. 10,000/- and above will be deducted from the subscription amount and paid to the distributor / agent of the first time investor. The balance of the subscription amount shall be invested and accordingly units allotted.

 Entry Load: Not Applicable

Exit Load: If redeemed within 3 months from the date of allotment: 0.50%.  If redeemed after 3 months from the date of allotment: NIL.  

New Fund Offer Price: Rs. 10 per Unit

HOW WILL THE SCHEME ALLOCATE ITS ASSETS?

• The Scheme shall not invest in securitised debt. • The Scheme shall not invest in Structured Obligations / Credit Enhancements. • The Scheme shall not invest in derivatives. • The scheme shall not participate in repo in corporate debt securities. • The Scheme shall not engage in securities lending or short selling • The Scheme shall not participate in Credit Default Swaps • The Scheme shall not invest in foreign securities.

Minimum Target Amount: The Scheme seeks to collect a minimum subscription amount of Rs. 10 Crores under the Scheme during the NFO Period.

Allotment: Subject to the receipt of the specified minimum subscription amount, full allotment of Units applied for will be made within 5 business days from the date of closure of the NFO Period for all valid applications received during the NFO Period.

Folio Number: Unless otherwise requested by the Unit Holder, a single folio number may be assigned if an investor invests in different schemes of the Fund, and a consolidated account statement will then be provided for investments in all the schemes.

Your Financial Advisor,

S. Koundinya

9533791525

Hyderabad.