Mirae Asset Mutual Fund has launched a new Open Ended Growth scheme named "Mirae Asset Nifty 500 Value 50 ETF" with maturity period of 0 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Mar 09 to Mar 16, 2026.

According to the offer document filed with SEBI, the entry and exit load is Nil.

The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth.

The fund manager of the scheme will be Ekta Gala, while the performance of the scheme will be benchmarked against Nifty500 Value 50 Total Return.

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty 500 Value 50 Total Return Index, subject to tracking error.

There is no assurance that the investment objective of the scheme will be achieved.