Mirae Asset Mutual Fund (MF) has launched a new fund named as Mirae Asset MF Prudence Fund, an open ended equity oriented asset allocation scheme. The duration of the scheme is 1098 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 08 July to 22 July 2015.
The investment objective of the scheme is to generate capital appreciation along with current income from a combined portfolio of equity & equity related instruments and debt & money market instruments.
The scheme offers growth option and dividend option under both regular and direct plan. Dividend option offers dividend payout and dividend reinvestment options.
The scheme would allocate 65% to 80% of assets in equity & equity related instruments with high risk profile, 65% to 80% in companies which are amongst the top 100 companies by market capitalization at the time of investment, 0% to 15% in companies which are not amongst the top 100 companies by market capitalization at the time of investment and invest 20% to 35% of assets would be allocated to debt & money market instruments with medium risk profile.
The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.
Entry load:
Not applicable.
Exit Load:
If redeemed within 6 months (182 days) from the date of allotment - 2.00%
If redeemed after 6 months (182 days) but within 1 year (365 days) from the date of allotment - 1.00%
If redeemed after 1 year (365 days) from the date of allotment - Nil.
Benchmark Index for the scheme is CRISIL Balanced Fund Index.
Neelesh Surana, Head - Equities shall manage the equity portion and Yadnesh Chavan, Fund Manager - Fixed Income shall be managing the debt portion of the portfolio.
No comments:
Post a Comment