Mirae Asset Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch an open ended equity oriented scheme - Mirae Asset Indo China Consumption Fund. The scheme's new fund offer (NFO) price will be Rs 10 per unit.
The scheme's investment objective is to generate long term capital appreciation through an actively managed portfolio investing in equity and equity related securities of the companies that are likely to benefit either directly or indirectly from the consumption led demand and should be domiciled or having their area of primary activity in India/China. The securities of these companies could be listed anywhere in the world.
The scheme will have a regular plan with dividend and growth option. Further, the dividend option shall have reinvestment, payout & transfer facility.
The scheme would allocate 65% to 100% of assets in Indian Equities and Equity Related Securities of companies that are likely to benefit either directly or indirectly from the consumption led demand with high risk profile. Meanwhile, upto 35% of assets would be invested in Chinese Equities and Equity Related Securities of companies that are likely to benefit either directly or indirectly from consumption led demand with high risk profile.
Moreover, it would also allocate upto 35% of assets in money market instruments (including CBLO) / debt securities and or units of debt / liquid schemes of domestic mutual funds with low to medium risk profile.
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