
Mirae Asset Nifty Financial Services ETF
An open-ended scheme replicating/tracking Nifty Financial Services Total Return Index
New Fund Offer (NFO) opens on July 22, 2021; closes July 29, 2021
Re-opens for continuous sale and Re-purchase: August 03, 2021
Mumbai, July 22, 2021:Mirae Asset Investment Managers (India) Pvt. Ltd, one of the fastest growing fund houses in the country in the equities and debt segments, today announced the launch of India’s first -ETF tracking Nifty Financial Services Index – the ‘Mirae Asset Nifty Financial Services ETF’, an open-ended replicating/tracking the Nifty Financial Services Total Return Index.
The NFO,will open for subscription on July 22, 2021, and close on July 29, 2021.
Key Highlights:
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Financial Services encompasses not only banks but other industries such as NBFC (Non- Banking financial Company), Insurance, Capital Market etc. which are currently under penetrated among masses.
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Offer investors the opportunity to participate in the sector that is one of the essential factors for the overall growth of the economy.
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Financial Services is a fairly diversified sector which is undergoing rapid expansion due to digitalization and emergence of new products and services.
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Low market penetration across segments provides more room for growth.
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Ideal for investors with an investment time horizon of at least 5 years