Mirae Asset Nifty Total Market Index Fund-Dir (G): NFO Details

Investment Objective and Strategy

Objective:

The investment objective of the scheme is to provide returns, before expenses, that commensurate with the performance of Nifty Total Market Nifty Total Return Index, subject to tracking error. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. 

Investment Strategy:

The scheme seeks to generate returns, before expenses, that are commensurate with the performance of Nifty Total Market Total Return Index, subject to tracking error.

"The Mirae Asset Nifty Total Market Index Fund is well-positioned to seize chances in a variety of areas, including fintech and digital entertainment as well as more established ones like banking, IT, and pharmaceuticals. According to the statement, "This wide exposure is meant to give investors potential for market cap and sectoral diversification, as well as risk management."

Why Invest in Mirae Asset Nifty Total Market Index Fund?

Avenue for exposure to Indian market: Nifty Total Market Index provides exposure to all market cap segments listed on NSE and provides investor exposure to the entire Indian market through its portfolio of 750 stocks.

Wide-coverage: Nifty Total Market Index provides coverage of approximately 96% of full market cap of companies listed on NSE.

Diversification: The Index covers all 22 sectors classified by NSE. Moreover, the index also covers all 100 Large cap, 150 Mid cap and 250 Small cap stocks along with 250 Micro Cap stocks. (Pursuant to Clause 2.7 of Part IV of SEBI Master Circular dated June 27, 2024. the universe of "Large Cap" shall consist of top 100 companies. "Mid Cap" shall consist of 101st to 250th company. "Small Cap" shall consist of 251st to 500th and "Micro Cap" shall consist of 501st onwards companies in terms of full market capitalization.)

To Summarize

The Mirae Asset Nifty Total Market Index Fund aims to provide diversification and long-term wealth creation by capitalising on the dynamic evolution of the Indian economy, the company said.