Mirae Asset Cloud Computing ETFs Fund of Fund

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 FundMirae Asset Mutual Fund
Scheme NameMirae Asset Cloud Computing ETFs Fund of Fund
About SchemeAn 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
Objectiveis  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 ManagerMr. 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 beUnits 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%)
RiskometerVery High
DRHPClick here

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