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Mirae Asset Mutual Fund files offer document for Overnight Fund

17-Jun-2019 17:05 Hrs IST

Mirae Asset Mutual Fund has filed offer document with SEBI to launch an open ended debt scheme named ‘ Mirae Asset Overnight Fund'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be Nil. The scheme offers dividend and growth options and seeks to collect a Minimum Target Amount of Rs 20 crores. The performance of the scheme will be benchmarked by  CRISIL Overnight Index. The minimum application amount for initial purchase is Rs 5,000 and in multiples of  Re 1 thereafter.The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the S&P BSE SENSEX Next 50 Index before expenses, subject to tracking errors.

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