Listen to this article
Mirae Asset MF has launched two index funds - Mirae Asset Nifty 50 Index Fund and Mirae Asset Nifty LargeMidcap 250 Index Fund. These schemes will be replicating the Nifty 50 Total Return Index (TRI) and Nifty LargeMidcap 250 TRI respectively.
Nifty 50 Index currently captures 29 industries through 50 large cap stocks while the Nifty LargeMidcap 250 index currently captures 91 industries through 100 large cap and 150 midcap companies.
In a press release, Siddharth Srivastava, Head – ETF Product and Fund Manager, Mirae Asset Investment Managers (India) said, “With the Mirae Asset Nifty 50 Index Fund, investors may benefit from a cost-effective avenue to access the top 50 blue-chip companies listed on the NSE. On the other hand, the Mirae Asset Nifty LargeMidcap 250 Index Fund aims to offer investors the opportunity to gain exposure to the stability and growth potential of large and midcap companies with 50% exposure to each market cap segments”.
