Mirae Asset MF launches 4 NFOs on select IPOs, equal weight strategy

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Mirae Asset MF launches 4 NFOs on select IPOs, equal weight strategy - Business Standard

Quick Summary:

The schemes aim to provide investors with a structured approach for gaining exposure to recently listed Initial Public Offerings (IPOs) and spin-off companies, which fall within the top 500 companies by market capitalization."IPOs and spin-offs provide opportunities for investors to participate in companies that may have significant growth potential or in companies with relatively established business lines.

Due to equal distribution, the fund will have equal exposure to both large- and mid-cap segments, thus providing diversified and equal exposure to the top 200 stocks.

Among them, Mirae Asset BSE Select IPO ETF tracks the BSE Select IPO Total Return Index, and the Mirae Asset BSE Select IPO ETF Fund of Fund invests in units of the BSE Select IPO ETF.