Mirae Asset MF Launches Nifty500 Multicap ETF

The 'Mirae Asset Nifty500 Multicap 50:25:25 ETF' was launched by Mirae Asset Investment Managers (India). This open-ended scheme will "replicate/track" the Nifty500 Multicap 50:25:25 Total Return Index.

As of June 30, there are 25 actively managed mutual fund schemes with assets under management of Rs 1,54,024.9 crore that are benchmarked against the Nifty500 Multicap 50:25:25 Index. The primary objective of the new ETF is to achieve returns that closely replicate the performance of this index.

The index consists of 100 large-cap stocks, 150 mid-cap stocks, and 250 small-cap stocks. The large-cap stocks have a weightage of 50%, while the mid-cap and small-cap stocks each have a weightage of 25%.

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The objective of this strategy is to achieve a well-diversified investment portfolio that combines the potential for development with stability by evenly distributing investments across different market capitalizations.

This plan presents a distinctive investing opportunity by offering a well-balanced exposure to the complete range of major, mid, and small-cap firms in the market.

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