Mirae Asset Mutual Fund revised fundamental attributes of Mirae Asset Prudence Fund
Feb 07 2018
News Category: AMC Specific Updates
Mirae Asset Mutual Fund has announced a revision in fundamental attributes of Mirae Asset Prudence Fund, effective from Mar 14, 2018. Accordingly, the scheme name is revised from Mirae Asset Prudence Fund to Mirae Asset Hybrid - Equity Fund. The scheme is categorized as an open-ended hybrid scheme investing predominantly in equity and equity related instruments. The revised investment objective of the scheme is to generate capital appreciation along with current income from a combined portfolio of predominantly investing in equity and equity-related instruments and balance in debt and money market instruments. The scheme will be benchmarked against CRISIL Hybrid 35+65 Aggressive Index.