Mutual Funds: India is moving towards becoming the third largest economy in the world by 2030. Due to this, the trend of investors from all over the world has increased towards India. Due to this, the Indian market remains bullish. Small investors can take advantage of this through mutual funds.
Mutual Funds: There is an opportunity for small investors to invest in 2 new mutual fund schemes. It has been launched by Mirae Asset Investment Managers. Let us tell you that Mirae Asset Investment Managers (India) Private Limited has launched ‘Mirae Asset Gold ETF Fund of Fund’. Mirae Asset Gold ETF is an open-ended fund of fund scheme investing in gold units. The scheme aims to provide long term capital growth from a portfolio investing in units of Mirae Asset Gold ETF. The New Fund Offer (NFO) for Mirae Asset Gold ETF Fund is open for subscription on October 16, 2024 and will close on October 22, 2024. The scheme will re-open for sale and repurchase from October 28, 2024. The minimum initial investment in this scheme during the NFO will be Rs 5,000 and can be increased in multiples.
Nifty Total Market Index Fund Launch
Mirae Asset Investment Managers (India) Private Limited has announced the launch of ‘Mirae Asset Nifty Total Market Index Fund’. It is an open-ended scheme that tracks the Nifty Total Market Total Return Index. Through this fund, investors will get an opportunity to invest in 750 companies, which come from large, mid, small and micro-cap segments. The New Fund Offer (NFO) of Mirae Asset Nifty Total Market Return Index Fund will be open for subscription till October 22, 2024. The scheme will re-open for continuous sale and repurchase from October 29, 2024. The minimum investment during the NFO will be Rs 5,000 and can be increased in multiples of it.
Benefits of investing in Gold ETF Funds
Mirae Asset Gold ETF Fund of Funds offers investors an opportunity to gain exposure to domestic gold prices by investing in Mirae Asset Gold ETF. The underlying ETF is backed by physical gold, certified by the London Bullion Market Association (LBMA), of a purity of 99.5% or more. Investing in this scheme provides low-cost ownership of gold instead of buying gold directly for investment purposes. Also, investors will not have to worry about storage risk and purity. Gold is often viewed as a safe investment option that offers diversification benefits due to its comparatively better performance in times of geopolitical and market risks and inflation. By investing in Mirae Asset Gold ETF Fund of Funds, investors can increase the resilience of their portfolios in such times of economic uncertainty.
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