Mirae Asset 战雄电竞 , one of the fastest growing fund houses in India, has announced the launch of Mirae Asset Nifty SDL Jun 2027 Index Fund, an open-ended target maturity Index Fund tracking Nifty SDL Jun 2027 Index.
The NFO will open for subscription on March 25, 2022, and close on March 29, 2022. Mirae Asset Nifty SDL Jun 2027 Index Fund will be managed by Mr. Mahendra Jajoo. The minimum initial investment in the scheme during the NFO will be Rs 5,000 and multiples of Re 1 thereafter.
“The Mirae Asset Nifty SDL Jun 2027 Index Fund may be a good investment avenue for investors seeking to invest in robust debt portfolio with low credit risk, offering fairly predictable returns for investors who plan to stay invested over the life cycle of the fund, while offering the flexibility to subscribe or redeem at any time,” said Mr. Swarup Mohanty, Director & CEO, Mirae Asset Investment Managers (India) Pvt. Ltd
Mr. Mahendra Jajoo, CIO - Fixed Income, Mirae Asset Investment Managers (India) Pvt. Ltd said, “In the currently volatile and uncertain environment where most investors are concerned about a possible increase in interest rates in coming quarters but are also unhappy with low money market rates, a target maturity index funds offers a good combination of predictable returns and a high-quality portfolio while there could be a benefit from the steep yield curve”.
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Trustee: Mirae Asset Trustee Company Private Limited; Investment Manager: Mirae Asset Investment Managers (India) Private Limited (AMC); Sponsor: Mirae Asset Global Investments Company Limited.
The information contained in this document is compiled from third party and publically available sources and is included for general information purposes only. There can be no assurance and guarantee on the yields. Views expressed by the Fund Manager cannot be construed to be a decision to invest. The statements contained herein are based on current views and involve known and unknown risks and uncertainties. Whilst Mirae Asset Investment Managers (India) Private Limited (the AMC) shall have no responsibility/liability whatsoever for the accuracy or any use or reliance thereof of such information. The AMC, its associate or sponsors or group companies, its Directors or employees accepts no liability for any loss or damage of any kind resulting out of the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information contained herein. Any reliance on the accuracy or use of such information shall be done only after consultation to the financial consultant to understand the specific legal, tax or financial implications.
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