Mirae Asset Mutual Fund Extends NFO Period for Small Cap Fund

Mirae Asset Mutual Fund has announced an update to the New Fund Offer (NFO) period for its upcoming Mirae Asset Small Cap Fund. Initially set to launch on January 9, 2025, the NFO will now begin on January 10, 2025, and conclude on January 24, 2025. This adjustment pushes the schedule forward by one day for both the opening and closing dates.

Key Dates for Investors

The revised timeline for the Mirae Asset Small Cap Fund is as follows:

These updates affect the availability of the fund for initial subscription as well as its reopening for ongoing sales and repurchases.

About the Fund

The Mirae Asset Small Cap Fund is designed to focus on small-cap stocks, offering investors an opportunity to tap into companies with growth potential in this segment. The fund’s extended timeline provides additional time for investors to participate during the NFO window.

Implications of the Changes

The shift in dates ensures alignment with the revised schedule, allowing the fund house to proceed with the necessary preparations. Investors intending to subscribe to the Mirae Asset Small Cap Fund can now make their investments starting January 10, 2025, with the last date for subscription being January 24, 2025. Post the NFO, the fund will reopen for continuous sale and redemption starting February 3, 2025.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.