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Home >> Market >> News >> News Details

Mutual Funds - Reports
13-Jun-2018     11:02

Mirae Asset Healthcare Fund Floats On

Mirae Asset Mutual Fund has launched a new fund named as Mirae Asset Healthcare Fund, an open ended equity scheme investing in healthcare and allied sectors. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 11 June to 25 June 2018.

The investment objective of the scheme is to seek to generate long term capital appreciation through investing in equity and equity related securities of companies benefiting directly or indirectly in Healthcare and allied sectors in India.

The scheme offers growth & dividend option (Reinvestment / Payout) under both regular and direct plan.

The scheme would allocate 80%-100% of assets in equity & equity related securities of companies that are likely to benefit either directly or indirectly from healthcare and allied sectors with high risk profile, upto 20% of assets in other equities and equity related securities of companies in India with high risk profile and invest upto 20% of assets in money market instruments / debt securities, instruments and / or units of debt / liquid schemes of domestic mutual funds with low to medium risk profile.

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

Entry load: Nil

Exit Load: 1%, If redeemed within 1 year (365 days) from the date of allotment

Nil, If redeemed after 1 year (365 days) from the date of allotment.

Benchmark Index for the scheme is S&P BSE Healthcare Index.

The fund managers for the scheme are Vrijesh Kasera and Neelesh Surana.

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