Mirae Asset Ultra Short Duration Fund NFO
Updated on 28-09-2020
Mirae Assest has launched a NFO ‘Mirae Asset Ultra Short Duration Fund’. According to the fund house, the debt fund is suitable for investors looking at making investments for a short period of 3 to 6 months. The subscription for the NFO has opened today and will close on 6th October 2020.
It is an open ended debt scheme which will invest up to 100% of its assets in debt and money market instruments carrying a low to medium amount of risk with a focus of investments in highly rated instruments.
INVESTMENT OBJECTIVE
The investment objective of the scheme is to generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments.
The NFO is benchmarked against Nifty Ultra Short Duration Debt Index and has no exit load. The minimum initial investment in the scheme is Rs 5,000 and multiples of Re 1 thereafter. Units will be allotted in whole figures and the balance amount will be refunded.
Scheme Details:
|
Scheme Name |
Mirae Asset Ultra Short Duration Fund |
|
Scheme Opens |
28-09-20 |
|
Scheme Closes |
06-10-20 |
|
Scheme reopens for continous purchase/sale |
08-10-20 |
|
Scheme Plans |
Direct and Regular Growth and Dividend |
|
Minimum investment (Lumpsum) |
Rs 5,000 |
|
Minimum investment (SIP) |
Rs 500 / 6 months |
|
NAV of the fund |
Rs 10 during NFO period |
|
Entry Load |
Nil |
|
Exit Load |
Nil |
|
Risk |
Moderately Low Risk |
Here are a few reasons to invest in such debt funds:
Ultra short duration funds would invest in instruments which would mature in 3 to 6 months. If you are looking for investing with better risk adjusted returns for short term of 3 to 6 months or more, you can invest in such funds. As these funds may provide 5% to 8% annualized returns.
You can use GIIS Financial tools or Our Android App for Investment, tracking and Asset allocation planning.
*Mutual Fund Investments are subject to market risk, read all scheme related documents carefully.
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