MUTUAL FUNDS
Mirae Asset AMC announces change in minimum threshold limit
May-02-2024
Mirae Asset Assets Management Company (AMC) has announced addendum to the Scheme Information Documents (SIDs)/ Key Information Memorandums (KIMs) cum Common Application Form of all Scheme(s) of Mirae Asset Mutual Fund (MAMF) as amended from time to time. 

Mirae Asset Investment Managers (India) has informed that with reference to clause 3.6.2 on SEBI Master Circular dated May 19, 2023, the threshold limit for direct transaction in ETFs of INR 25 crores is applicable for all investors (other than Market Makers) effective from May 01, 2023. However, SEBI vide its letter no: SEBI/HO/IMD/IMD-PoD2/P/OW/2023/43653/1 dated October 26, 2023, exempted the threshold limit for direct transaction in ETFs of Rs 25 crore for below mentioned categories of investors till April 30, 2024: Schemes managed by Employee Provident Fund Organisation, India; and Recognized Provident Funds, Approved Gratuity Funds and Approved Superannuation Funds under Income Tax Act, 1961. Further, SEBI vide its letter no. SEBI/HO/IMD-POD-2/P/OW/2024/15311/1 dated April 26, 2024 has extended the applicability of Clause no. 3.6.2.1 and 3.6.2.2 of Master Circular dated May 19, 2023 for the above categories of investors till October 31, 2024. In light of the above, the AMC will allow direct transactions in Exchange Traded Funds in Creation Unit size for above mentioned category of investors until October 31, 2024.

All other terms and conditions of the scheme remain unchanged. This addendum forms an integral part of the Scheme Information Documents/ Key Information Memorandums of the Scheme(s) of the Fund as amended from time to time.

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