Mirae Asset Mutual Fund has launched two new exchange-traded funds (ETFs) on Monday (February 24). The funds aim to track BSE indices and provide investors with diversified equity exposure.

Mirae Asset BSE 200 Equal Weight ETF

This ETF aims to replicate the performance of the BSE 200 Equal Weight Index, subject to tracking error. It follows an equal-weighted approach, meaning all stocks in the index have an equal allocation.

The fund is open-ended and falls under the category of Other ETFs.

Investors can subscribe with a minimum investment of ₹5,000, with additional investments in multiples of ₹1.

The New Fund Offer (NFO) closes on March 5, 2025.

Mirae Asset BSE Select IPO ETF

This ETF tracks the BSE Select IPO Index, which comprises recently listed companies. It seeks to generate returns in line with the index, subject to tracking error.

Like the BSE 200 Equal Weight ETF, this fund is open-ended and categorised under Other ETFs.

The minimum subscription amount is ₹5,000, with further investments in multiples of ₹1.

The NFO also closes on March 5, 2025.

Both ETFs do not guarantee returns. They aim to offer investors exposure to diversified equity themes in a passive format.

Additionally, 10 other NFOs are currently available across various categories.

These include 360 ONE Gold ETF, Bandhan Nifty Next 50 Index Fund, DSP Nifty Private Bank Index Fund, Helios Mid Cap Fund, Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, Kotak Nifty Commodities Index Fund, Motilal Oswal Active Momentum Fund, Nippon India Active Momentum Fund, and Union Gold ETF Fund of Fund.

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