NFO Alert: Mirae Asset Mutual Fund launches 2 new funds; check out subscription dates, minimum investment, and other details

Mirae Asset Investment Managers (India) has launched two new fund offers (NFOs) 'Mirae Asset Nifty India New Age Consumption ETF' and 'Mirae Asset Nifty India New Age Consumption ETF Fund of Fund' today, December 12, according to a statement.

Mirae Asset Mutual Fund NFO subscription dates

Mirae Asset Nifty India New Age Consumption ETF
This NFO is open for subscription from today, Dec 12, 2024, and will close on December 20, 2024.

Mirae Asset Nifty India New Age Consumption ETF Fund of Fund
This NFO is open for subscription from today, Dec 12, 2024, and will close on December 26, 2024.

Mirae Asset Nifty India New Age Consumption ETF will re-open for continuous sale and repurchase on December 27 and Mirae Asset Nifty India New Age Consumption ETF Fund of Fund re-open for continuous sale and repurchase on January 3, 2025.

Mirae Asset Mutual Fund NFO minimum investments

The minimum investment for both the funds is Rs 5,000 initially with subsequent investments being multiples of Re 1.

"India’s spending patterns are evolving at a significant pace, fuelled by demographic advantages, a rise of new age companies, digitalization, higher access and increasing penetration and rising disposable incomes. The Mirae Asset Nifty India New Age Consumption ETF and Fund of Fund are designed to potentially capture this transformation, providing investors with a gateway to participate in the growth of India’s discretionary & aspirational consumption segment,” said Siddharth Srivastava, head-ETF Product & Fund Manager, Mirae Asset Investment Managers (India).