| Mirae Asset Mutual Fund | |
| Scheme Name | Mirae Asset Arbitrage Fund |
| Objective of Scheme | The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be realized. |
| Scheme Type | Open Ended |
| Scheme Category | Hybrid Scheme – Arbitrage Fund |
| New Fund Launch Date | 03-Jun-2020 |
| New Fund Offer Closure Date | 12-Jun-2020 |
| Indicate Load Separately | Entry Load: Not Applicable Exit Load: 0.25%: If units Redeemed or Switched Out within 30 days from the date of allotment. Nil after 30 Days. |
| Minimum Subscription Amount | Purchase: Rs. 5000/- and in multiples of Re. 1/- |
| For Further Details Please Visit Website | www.miraeassetmf.co.in |
Source from: www.amfiindia.com
Hybrid Fund: Is an investment fund that is characterized by diversification among two or more asset classes. These funds typically invest in a mix of stocks and bonds. They may also be known as asset allocation funds.
Types of Mutual Funds based on structure
Open-Ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically these funds will allow investors to keep invest as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.
