Know what is the plan of Mirae Asset?
Swarup Mohanty, CEO, Mirae Asset said that “Mirae Asset is striving to create a strong investment option of passive products that will provide investors an opportunity to invest in the underlying index based investment product across various segments of the market at a low cost. In an endeavor, we are now launching Mirae Asset Nifty Financial Services ETF. With the advent of new products and services backed by innovative technology, the scope of financial services has expanded significantly in the years to come, which makes it an investment option. Makes an attractive area to do.
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You can invest with Rs 5,000
Mirae Asset Nifty Financial Services ETF will provide an opportunity to invest indirectly in 20 companies representing different sectors of the financial services sector. The index has a rich history of more than 16 years and has provided a return of 18.3% per annum in the last 5 years as compared to 15.1% by the Nifty 50 Index and 14.6% by the Nifty Bank Index in the last 5 years. The ETF will have an overall expense ratio of just 13 bps and will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (NSE), where liquidity will be provided by a market maker appointed by the Asset Management Company (AMC). The minimum initial investment in the scheme during the NFO period is Rs 5,000 and can be invested in multiples of Re 1 thereafter.
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Know the important things about the fund ..
<< This includes not only banks in financial services but also other industries such as NBFCs (Non-Banking Financial Companies), insurance, capital markets etc., where people are currently investing majorly.
<< In this, investors are being provided an opportunity to invest in that sector which is one of the essential factors for the overall development of the economy.
<< Financial services is a vast sector which is undergoing rapid expansion due to digitization, new products and services.
<< Low market penetration across all sectors gives it more room for growth.
<< Ideal for investors with investments for at least 5 years.
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