Tuesday, April 8, 2008

Mirae Asset MF Files An Offer Document

Mirae Asset Mutual Fund filed an offer document to launch Mirae Asset Interval Fund. It is a debt oriented interval scheme. The scheme will have two plans i.e. monthly and quarterly plans. Monthly plan will have two Series i.e. Series I and Series II and quarterly plan will have three series i.e. Series I, Series II and Series III. The objective of the scheme is to seek to generate returns with low volatility through a portfolio of debt and money market instruments with a provision to offer liquidity at periodic intervals.

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