Mirae Asset Mutual Fund has launched a new Open Ended Growth scheme named "Mirae Asset Income plus Arbitrage Active FOF" with maturity period of 0 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Jun 16 to Jun 30, 2025.
According to the offer document filed with SEBI, the entry load is Nil and exit load is 0.25.
The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, IDCW, IDCW-Reinvestment.
The fund manager of the scheme will be Mahendra Jajoo, while the performance of the scheme will be benchmarked against NIFTY Short Duration Debt Index.
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in a units of actively managed debt oriented and Arbitrage mutual fund schemes. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the Scheme will be achieved.