Mirae Asset Mutual Fund has launched a new Open Ended Growth scheme named "Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund" 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 17 to Jun 23, 2025.
According to the offer document filed with SEBI, the entry and exit load is Nil.
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 Amit Modani, while the performance of the scheme will be benchmarked against CRISIL IBX Financial Services 9-12 Months Debt Index.
The investment objective of the scheme is to track the CRISIL-IBX Financial Services 9-12 Months Debt Index by investing in Commercial Papers (CPs), Certificates of Deposit (CDs) and Corporate Bond Securities, maturing in 9-12 months and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index, subject to tracking error. There is no assurance that the investment objective of the Scheme would be achieved.