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Business News/ Mutual Funds / News/  Mirae Asset Mutual Fund launches India's first multi-factor ETF on Nifty Smallcap250 Index. Five things to know
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Mirae Asset Mutual Fund launches India's first multi-factor ETF on Nifty Smallcap250 Index. Five things to know

Mirae Asset Mutual Fund announces India’s first Multi factor-based ETF on Nifty Smallcap250 Index, 'Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF', an open-ended scheme replicating/tracking Nifty Smallcap 250 Momentum Quality 100 Total Return Index

Mirae Asset Mutual Fund aims to provide investors with sector-agnostic exposure within the smallcap category by leveraging a combination of factors.Premium
Mirae Asset Mutual Fund aims to provide investors with sector-agnostic exposure within the smallcap category by leveraging a combination of factors.

Mumba: Mirae Asset Mutual Fund announces India’s first Multi factor-based ETF on the Nifty Smallcap250 Index, ‘Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF’, an open-ended scheme replicating/tracking Nifty Smallcap 250 Momentum Quality 100 Total Return Index, and the ‘Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund’, an open-ended fund of fund scheme investing in units of Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF. Mirae Asset Mutual Fund aims to provide investors with sector-agnostic exposure within the smallcap category by leveraging a combination of factors.

Speaking on the NFO Launch, Siddharth Srivastava, Head – ETF Product and Fund Manager, said, “By focusing on three tried and tested pillars of Liquidity, Quality, and Momentum (LQM), this is a first-of-its-kind multi-factor product in the smallcap segment, which will seek to track a robust portfolio of select 100 smallcap stocks from Nifty Smallcap 250 Index, with an endeavour for potentially lower drawdowns. At current market valuations, the investor may invest in a lumpsum manner or through a Systematic Investment Plan (SIP), but with a long-term investment horizon."

1)The New Fund Offer (NFO) for Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF will open for subscription on February 12, 2024 and close on February 21, 2024. 

2)Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund will open for subscription on February 15, 2024 and close on February 28, 2024. 

3)Both are open-ended schemes benchmarking the Nifty Smallcap 250 Momentum Quality 100 Total Return Index. 

4)The schemes will be managed by Ekta Gala and Vishal Singh.

5)The minimum initial investment during NFO in both the schemes will be 5,000 and multiples of Re 1 thereafter.

Smallcap stocks may be considered to have potential and when further filtered with parameters like Liquidity, Momentum, and Quality (LQM), they may present a unique asset class seeking wealth creation. Mirae Asset Mutual Fund has experience in developing innovative passive products, and this ETF aims to incorporate multiple aspects of factor investing, utilizing systematic rule-based approaches that aim to pursue a desired performance profile.

Established in 2008, Mirae Asset Mutual Fund is one of India’s fastest-growing fund houses. Mirae Asset Investment Managers (India) Pvt. Ltd. is the Asset Management Company (“AMC") of Mirae Asset Mutual Fund.

Disclaimer: The views and recommendations made above are those of individual analysts, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.

 

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Published: 12 Feb 2024, 11:12 AM IST
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