Mirae Asset Ultra Short Duration Fund NFO – Review and Analysis
Mirae Asset mutual fund is planning to launch ultra short duration fund that would open for subscription on September 28, 2020. Ultra Short duration fund invest in debt securities of 3 to 6 months. These funds are considered to be better than bank FD. Post Franklin debt mutual funds fiasco, investors are concerned about investing in debt mutual funds. In this situation, should you invest in such ultra short duration funds? In this article we would provide Mirae Asset Ultra Short Duration Fund NFO issue details, analysis, review and various risk factors associated with such funds.
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Issue details of Mirae Asset Ultra Short Duration Fund (NFO)
An open ended ultra-short term debt scheme…