NFO: Mirae Asset launches its Mirae Asset Dynamic Bond

By: | Published: March 6, 2017 4:59 PM

The objective of the Mirae Asset Dynamic Bond scheme is to generate optimal returns through active management of a portfolio of debt and money market instruments. However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns.

The Scheme will have Regular Plan and Direct Plan** with a common portfolio and separate NAVs. Investors should indicate the Plan for which the subscription is made by indicating the choice in the application form.

The objective of the Mirae Asset Dynamic Bond scheme is to generate optimal returns through active management of a portfolio of debt and money market instruments. However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns.

New Fund Offer opens on: March 03, 2017
New Fund Offer closes on: March 17, 2017

It is to be noted that the scheme re-opens for continuous sale and repurchase from March 27, 2017

Plans & Options
The Scheme will have Regular Plan and Direct Plan** with a common portfolio and separate NAVs. Investors should indicate the Plan for which the subscription is made by indicating the choice in the application form.
Each of the above Regular and Direct Plan under the scheme will have the following Options / Sub-options: (1) Growth Option and (2) Dividend Option. The Dividend Option shall have only Dividend Reinvestment and Payout option.

The default option for the unitholders will be Regular Plan – Growth Option if he is routing his investments through a distributor and Direct Plan – Growth option if he is a direct investor. If the unit holder selects Dividend option but does not specify the suboption, then the default sub-option shall be Dividend Reinvestment.

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Liquidity Facility
The Scheme will offer units for purchases/switch-ins and redemptions/switch-outs at NAV based prices on all business days on an ongoing basis. Repurchase of Units will be at the NAV prevailing on the date the units are tendered for repurchase.

As per SEBI Regulations, the Mutual Fund shall dispatch redemption proceeds within 10 Business Days of receiving a valid redemption request. A penal interest of 15% per annum or such other rate as may be prescribed by SEBI from time to time, will be paid in case the redemption proceeds are not made within 10 Business Days from the date of receipt of a valid redemption request.

Benchmark Index CRISIL
Composite Bond Fund Index

Minimum Application Amount
Investors can invest under the Scheme during the New Fund Offer period and ongoing offer period with a minimum investment of Rs.5000/- and in multiples of Rs. 1/- thereafter. During ongoing offer period, for subsequent additional purchases, the investor can invest with the minimum amount of Rs. 1000/- and in multiples of Rs. 1/- thereafter.

Minimum Target Amount
The Fund seeks to raise a minimum subscription amount of Rs. 20 crore under the scheme during its New Fund Offer (NFO) period. In the event the aforesaid minimum subscription cannot be raised by the scheme during the NFO, the subscriptions so collected will be refunded to the applicants within 5 business days from the closure of the NFO.

Loads
a) Entry Load: Not Applicable
b) Exit Load: If redeemed within 6 months (182 days) from the date of allotment – 0.50% ;
If redeemed after 6 months (182 days) from the date of allotment – Nil

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New Fund Offer Price
Rs. 10 per Unit

Repatriation Facility
Permitted NRIs and FPIs may invest in the scheme on a full repatriation basis as per the relevant notifications and/ or guidelines issued by RBI & FEMA in this regard.

Earnings of the Fund
Earnings of the fund are totally exempt from income tax under Section 10(23D) of the I-T Act.

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