Aimed at a structured, disciplined and diversified approach to take exposure in new companies post listing, says the fund house.
MUMBAI, Feb 24 (The CONNECT) – Mirae Asset Investment Managers (India) Pvt. Ltd. Announced the launch of New Fund Offers (NFOs) for 2 new exchange traded funds (ETFs) and 2 new Fund of Funds.
The New Fund Offer (NFO) for Mirae Asset BSE Select IPO ETF and Mirae Asset BSE 200 Equal Weight ETF opened for subscription today and will close on March 05, 2025 and will re-open for continuous sale and repurchase on March 11, 2025.
Concurrently, the Mirae Asset BSE Select IPO ETF Fund of Fund and Mirae Asset BSE 200 Equal Weight ETF Fund of Fund also opened for subscription today,= and will close on March 11, 2025, and will re-open for continuous sale and repurchase on March 19, 2025.
“IPO’s and Spin-offs provide opportunity to investors to participate in companies which may have significant growth potential or in companies which have relatively established business line. Investments in such new listings may or may not deliver expected returns and carry reasonable risk. With Mirae Asset BSE Select IPO ETF & Fund of Fund, we aim to provide a more structured, disciplined and diversified approach to take exposure in new companies post listing.,” said Siddharth Srivastava, Head-ETF Product & Fund Manager, Mirae Asset Investment Managers (India) Pvt. Ltd.
