small investors There is an opportunity 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 'Mire Asset Gold ETF Fund of Funds'. Mirae Asset Gold ETF is an open-ended fund of funds scheme that invests in gold units. The objective of this scheme is to provide long term capital growth from the portfolio investing in units of Mirae Asset Gold ETF. The new fund offer (NFO) for Mirae Asset Gold ETF Fund opens for subscription on October 16, 2024 and will close on October 22, 2024. The scheme will reopen for sale and repurchase from October 28, 2024. The minimum initial investment during NFO in this scheme 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 'Mire Asset Nifty Total Market Index Fund'. It is an open-ended scheme, which tracks the Nifty Total Market Total Return Index. Through this fund, investors will get the 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 reopen for continuous sale and repurchase from October 29, 2024. The minimum investment during NFO will be Rs 5,000 and can be increased in multiples thereof.
Benefits of investing in gold ETF funds
Mirae Asset Gold ETF Fund of Funds provides 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) as having a purity of 99.5% or greater. Instead of buying gold directly for investment purposes, investing in this scheme gives you the right to own gold at a lower cost. With this, investors will not have to worry about storage risk and purity. Gold is often seen as a safe investment option, offering diversification benefits due to geopolitical and market risks and comparative outperformance in times of inflation. By investing in Mirae Asset Gold ETF Fund of Funds, investors can increase the flexibility of their portfolio in such times of economic uncertainty.
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