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Mirae Asset MF has launched the ‘Mirae Asset Nifty Total Market Index Fund’, an open-ended scheme tracking the Nifty Total Market TRI.
The Nifty Total Market TRI tracks all stocks that are part of the Nifty 500 Index and Nifty Microcap 250 Index, providing coverage of approximately 96% of full market cap of companies listed on NSE. It includes large-cap stocks ranked 1 to 100, mid-cap stocks ranked 101 to 250, small-cap stocks ranked 251 to 500, and micro-cap stocks ranked 501 to 750.
In a press release, Siddharth Srivastava, Head-ETF Product, Mirae Asset MF, said, "The fund aims to capture opportunities across sectors from established to emerging, present across market cap segments, providing a comprehensive approach to wealth creation over the long term."
