NFO Alert: Mirae Asset Mutual Fund launches the Nifty 200 Alpha 30 ETF; all you need to know
Live MintMirae Asset Mutual Fund announced the launch of the Mirae Asset Nifty 200 Alpha 30 ETF, an open-ended scheme replicating/tracking the Nifty 200 Alpha 30 Total Return Index. This is an open-ended exchange-traded fund scheme replicating/tracking the Nifty 200 Alpha 30 Total Return Index. The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty 200 Alpha 30 Total Return Index, subject to tracking error. Under normal circumstances, the asset allocation of the scheme will be as follows: Types of Instruments Indicative allocations Risk Profile Minimum Maximum Securities included in the Nifty 200 Alpha 30 Index 95% 100% Very High Money market instruments/debt securities, Instruments, and/or units of debt/liquid schemes of domestic mutual funds.