The New Fund Offer (NFO) of the scheme will open for subscription on December 4 and close on December 18. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment.
The investment objective of the scheme is to seek to generate long-term capital appreciation by investing in equity and equity-related instruments selected based on quant model themes.
The scheme will be benchmarked against the BSE 200 TRI. It will be managed by Sukanya Ghosh and Pradeep Kesavan.
The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter. The minimum additional purchase amount is Rs 1,000 and in multiples of Re 1 thereafter. The minimum redemption/switch-out amount is Rs 500, or 1 unit, or the account balance, whichever is lower.
The scheme will allocate 80-100% in equity and equity-related instruments selected based on a quantitative model, 0-20% in other equity and equity-related instruments, 0-20% in debt securities (including securitized debt and debt derivatives) and money market instruments (including tri-party repo), and 0-10% in units issued by REITs and InvITs.Also Read | Equity mutual funds offer up to 52% return in 2024, Mirae Asset NYSE FANG+ETF FoF Fund rules return chartAn exit load of 0.5% of the applicable NAV will be charged if units purchased or switched in from another scheme of the fund house are redeemed or switched out on or before six months from the date of allotment. The exit load will be nil if units purchased or switched in from another scheme of the fund house are redeemed or switched out after six months from the date of allotment.
The investment strategy outlined aims to achieve long-term capital appreciation by deploying a proprietary quantitative model that incorporates both fundamental and technical factors. This approach is designed to generate superior risk-adjusted returns compared to the benchmark index.
The model employs a multi-faceted evaluation process, screening the investment universe for quantitative measures such as data availability and liquidity, and subsequently analyzing stocks based on a set of fundamental and technical parameters.
The scheme is suitable for those who are seeking long-term capital appreciation and want to invest in equity and equity-related instruments selected based on the Quant model.
