Mirae Asset Equity Allocator Fund of Fund NFO

Personal finance
1

The folks’ at Mirae have launched the Mirae Asset Equity Allocator Fund of Fund (FOF) This fund invests in Nifty 50, Nifty Next 50 and Nifty Midcap 150 ETFs. In a single fund, you get exposure to the 250 biggest Indian companies.

Check out this presentation to learn more about the fund

The fund uses the following framework to allocate between large-caps and mid-caps.

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Taxation

The fund has equity taxation. Earlier FOFs had debt taxation but this was changed.

Expense ratio

Around 0.20% including the expense ratio of the underlying ETFs.

If you are new to investing don’t know about index funds, do check out this Varsity chapter:

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If the expense ratio is as suggested by you it is a really good proposition.

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@Bhuvan Hi any news on the expense ratio. The fund is not yet available on Coin