NFO Alert: All you need to know about Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF

livemint.com:

Mirae Asset Mutual Fund, said, “By focusing on three tried and tested pillars of Liquidity, Quality, and Momentum (LQM), this is a first-of-its-kind multi-factor product in the smallcap segment, which will seek to track a robust portfolio of select 100 smallcap stocks from Nifty Smallcap 250 Index, with an endeavour for potentially lower drawdowns. At current market valuations, the investor may invest in a lumpsum manner or through a Systematic Investment Plan (SIP), but with a long-term investment horizon." The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Smallcap 250 Momentum Quality 100 Total Return Index, subject to tracking error.

There is no assurance or guarantee that the investment objective of the scheme will be achieved. Investors can invest under the scheme with a minimum investment of ₹5,000 per plan/option and in multiples of Re 1.

There is no upper limit for investment. Under normal circumstances, the asset allocation of the scheme will be as follows:Indicative allocations (% of total assets)MinimumMaximumSecurities included in the Nifty Smallcap 250 Momentum Quality 100 Index95%100%Very HighMoney market instruments / debt securities, instruments and/or units of debt/liquid schemes of domestic mutual funds.0%5%Low to Medium To date, no asset management company (AMC) has launched any such exchange-traded fund (ETF).

The performance of the scheme will be benchmarked to the performance of the Nifty Smallcap 250 Momentum Quality 100 Total Return Index. As per its investment objective, the investment would primarily be in securities which are constituents of the benchmark index.