Both NFOs will be open for subscription from August 11, 2025, to August 25, 2025. The minimum initial investment is Rs5,000, with subsequent investments in multiples of Rs1
FinTech BizNews Service
Mumbai, August 08, 2025: Mirae Asset Investment Managers (India) Pvt. Ltd. announces launch of New Fund Offers (NFOs) for two Fund of Funds (FoFs) - Mirae Asset Multi Factor Passive FOF (An open-ended fund of fund scheme predominantly investing in units of factor based domestic equity ETFs) and Mirae Asset Gold Silver Passive FoF (an open-ended fund of fund scheme predominantly investing in units of Mirae Asset Gold ETF and Mirae Asset Silver ETF). These open-ended FoFs are designed to provide investors with exposure to factor based domestic equity ETFs and precious metals i.e. Gold & Silver ETFs respectively, through a disciplined, systematic approach.
The Mirae Asset Multi Factor Passive FOF seeks to invest predominantly in units of factor-based domestic equity ETFs. Factor based investing aims to provide diversified exposure through different investment styles, though it is subject to cycles of relative underperformance depending on market conditions. Ability to hold on to investments gets properly tested when factors underperform. Additionally, investors are typically unable to pick the right factors for a given market regime or shift allocation to preferred factors as market regime changes. This Fund of Fund which will take exposure in multiple factors like momentum, low volatility, equal weight, quality, value etc. and dynamically manage the allocation based on a given market regime. Hence allocation may shift to aggressive or defensive factors based on market cycle. The intent is to capture the potential of smart beta factors while having a relatively lower drawdowns by mitigating single factor risk.
The Mirae Asset Gold Silver Passive FoF will invest primarily in units of Mirae Asset Gold ETF and Mirae Asset Silver ETF, offering exposure to both gold and silver. The intent is to capture the potential of both the precious metals while seeking a relatively lower drawdown. Gold and silver are two precious metals that offer different advantages to investors. While gold is generally seen as a store of value and a hedge against risk, silver on the other hand is also an industrial metal and its price gets impacted by supply demand dynamics. Both Gold and Silver might be cyclical and they don’t always perform together. Between gold and silver, timing and allocation shifts can be the key to derive best of both precious metals. Based on relatively better expectations and outlook, the scheme allocation will shift towards gold or silver or towards a balanced allocation.
In both the schemes, since change in allocation is being handled by the fund itself, there will be no tax impact due to such allocation changes whereas if same is done by the investors themselves, it will possibly invoke tax incidences, providing an advantage to manage and shift asset allocation via such Fund of Fund schemes.
Both NFOs will be open for subscription from August 11, 2025, to August 25, 2025, and the Scheme reopens on September 1, 2025. The minimum initial investment is Rs5,000, with subsequent investments in multiples of ₹1. Systematic Investment Plans (SIPs) start at Rs99.
Both the funds Mirae Asset Multi Factor Passive FOF and Mirae Asset Gold Silver Passive FoF will be managed by Mr. Ritesh Patel.
“Every factor goes through its own cycle. Riding just one may lead to periods of underperformance, making it emotionally difficult to stay invested. Multi-factor investing offers a balanced approach—aligning strategy with both risk and return objectives. The Mirae Asset Multi Factor Passive FOF is designed to dynamically tilt toward defensive or aggressive factors based on prevailing market regime,” said Mr. Siddharth Srivastava, Head-ETF Product & Fund Manager, Mirae Asset Investment Managers (India) Pvt. Ltd. “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. The Mirae Asset Gold Silver Passive FoF aims to harness the strengths of both metals by dynamically tilting allocation toward the one with a relatively stronger outlook—striking a balance between stability and opportunity.”
