Source: Mint
Mirae Asset funds: Mirae Asset Investment Managers has introduced two brand new Fund of Funds (FoFs) to make passive investing more diverse and flexible for people. These funds are called Mirae Asset Multi Factor Passive FoF and Mirae Asset Gold Silver Passive FoF.
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People can start investing in these from August 11 to August 25, and the funds will open again from September 1. You don’t need a big amount to begin ₹5,000 is enough, and you can even start a SIP with just ₹99. Ritesh Patel will be the one managing both these funds.
The Multi Factor Passive FoF is designed for those looking to invest in Indian equity through ETFs. But instead of sticking to one fixed strategy, this fund mixes different styles like momentum, low volatility, value, quality, and equal weight. The goal is to make the portfolio more stable and avoid sharp losses when markets fall.
Siddharth Srivastava, Head of ETF Product & Fund Manager at Mirae Asset said that every factor works differently in each cycle, and sticking with just one can lead to poor results for some time. That’s why this fund blends multiple factors so the ups and downs are smoother. He explained that it helps balance both risk and return in a better way.
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He stated, “Every factor goes through its own cycle. Riding just one may lead to periods of underperformance, making it emotionally difficult to stay invested.” Additionally, he emphasised that “Multi-factor investing offers a balanced approach—aligning strategy with both risk and return objectives.”
The second fund Gold Silver Passive FoF lets people invest in both gold and silver by using ETFs linked to each metal. What makes it special is that the fund will not stay fixed but will move between gold and silver depending on how the market looks.
He said “Investing in a blend of gold and silver offers twin benefits: gold acts as a wealth creator and a defensive asset during periods of stress, while silver brings cyclical upside and growth potential.”
He further added, “The fund aims to strike a balance between stability and opportunity by dynamically tilting toward the metal with the relatively stronger outlook.”
A big beenfit of both funds is that investors won’t face tax troubles when switching between ETFs inside the fund. That’s because the fund does all the rebalancing internally.
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