Mirae Asset Mutual Fund forays into Smallcap space through passive offering bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], February 14: Mirae Asset Mutual Fund announces India's first Multi factor-based ETF on Nifty Smallcap250 Index, 'Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF', an open-ended scheme replicating/tracking Nifty Smallcap 250 Momentum Quality 100 Total Return Index, and the 'Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund', an open-ended fund of fund scheme investing in units of Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF. Mirae Asset Mutual Fund aims to provide investors with sector-agnostic exposure within the smallcap category by leveraging a combination of factors. Business News | Mirae Asset Mutual Fund Forays into Smallcap Space Through Passive Offering.
Investors have taken time to warm up to these ETFs, which just about five years old and aim to bridge the gap between active and passive funds. But a slew of launches in the past few years have fund houses, advisors and mutual funds swooning over the sheer variety of options