Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold.
Mirae Asset Mutual Fund forays into Smallcap space through passive offering bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
The balance units in the scheme keep growing in line with the markets. Many retired individuals and senior citizens use this money to get a regular income and meet monthly expenses.
Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], February 14: Mirae Asset Mutual Fund announces India's first Multi factor-based ETF on Nifty Smallcap250 Index, 'Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF', an open-ended scheme replicating/tracking Nifty Smallcap 250 Momentum Quality 100 Total Return Index, and the 'Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund', an open-ended fund of fund scheme investing in units of Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF. Mirae Asset Mutual Fund aims to provide investors with sector-agnostic exposure within the smallcap category by leveraging a combination of factors. Business News | Mirae Asset Mutual Fund Forays into Smallcap Space Through Passive Offering.
The balance units in the scheme keep growing in line with the markets. Many retired individuals and senior citizens use this money to get a regular income and meet monthly expenses.