Mirae Asset Cloud Computing ETFs Fund of Fund – Mirae Asset Mutual Fund files offer document with SEBI
Mirae Asset Mutual Fund has filed offer document with SEBI to launch An open-ended fund of fund scheme investing in overseas equity Exchange Traded Funds which are based on companies positioned to benefit from the increased adoption of cloud computing.
The New Fund Offer price is Rs.10 per unit.
The objective of the scheme is is to provide long-term capital appreciation from a portfolio investing in units of overseas equity ETFs which are based on companies positioned to benefit from the increased adoption of cloud computing technology, including companies whose principal business is in offering computing Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS),Infrastructure-as-a-Service (IaaS), managed server storage space and data center real estate investment trusts, and/or cloud and edge computing infrastructure and hardware.
The fund manager for this scheme is Mr. Siddharth Srivastava
“This product is suitable for investors who are seeking To generate long term capital appreciation / income
Investments in overseas equity ETFs which are based on the companies positioned to benefit from the increased adoption of cloud computing technology. “
“The scheme asset allocation will be Units of overseas listed equity Exchange Traded Funds (95-100%)
Money market instruments / debt securities, Units of debt/liquid schemes of domestic Mutual Funds (0-5%)”
The riskometer for this scheme is Very High
| Name of Mutual Fund | Mirae Asset Mutual Fund |
| Scheme Name | Mirae Asset Cloud Computing ETFs Fund of Fund |
| About Scheme | An open-ended fund of fund scheme investing in overseas equity Exchange Traded Funds which are based on companies positioned to benefit from the increased adoption of cloud computing |
| Offer of Unit | Rs.10 |
| Objective | is to provide long-term capital appreciation from a portfolio investing in units of overseas equity ETFs which are based on companies positioned to benefit from the increased adoption of cloud computing technology, including companies whose principal business is in offering computing Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS),Infrastructure-as-a-Service (IaaS), managed server storage space and data center real estate investment trusts, and/or cloud and edge computing infrastructure and hardware. |
| Name of Fund Manager | Mr. Siddharth Srivastava |
| This product is suitable for investors who are seeking | To generate long term capital appreciation / income Investments in overseas equity ETFs which are based on the companies positioned to benefit from the increased adoption of cloud computing technology. |
| The scheme asset allocation will be | Units of overseas listed equity Exchange Traded Funds (95-100%) Money market instruments / debt securities, Units of debt/liquid schemes of domestic Mutual Funds (0-5%) |
| Riskometer | Very High |
| DRHP | Click here |