Mirae Asset Mutual Fund has launched two new passive hybrid investment products tracking the Nifty200 Momentum 30 Index and G-Secs. The NFO period runs from July 10 to July 22, 2026. These funds offer a new way for investors to blend momentum-based equity exposure with the stability of government securities through passive management.
New Passive Hybrid Offerings From Mirae Asset
Mirae Asset Mutual Fund has introduced two new passive hybrid investment schemes to the Indian market. The new offerings include the Mirae Asset Nifty200 Momentum 30 Plus 8-13 yr G-Sec 50:50 ETF and the Mirae Asset Nifty 200 Momentum 30 Plus 8-13 yr G-Sec 75:25 Index Fund. These products are designed to combine momentum equity strategies with government bond exposure in a single portfolio.
The New Fund Offer (NFO) period for these schemes is currently open, starting July 10, 2026, and will close on July 22, 2026. Following the NFO, the ETF is expected to be available for continuous trading on exchanges from July 28, while the index fund will reopen for subscriptions on July 29.
Asset Allocation Strategies
These funds differentiate themselves through their asset allocation ratios. The 50:50 ETF maintains an equal balance between equity and debt, while the 75:25 Index Fund provides a higher equity exposure of 75%, making it an equity-oriented hybrid fund for taxation and reporting purposes. Both funds aim to maintain their target allocation through a monthly rebalancing process, which is handled automatically to follow the index methodology.
The equity portion of both funds tracks the Nifty200 Momentum 30 Index. This index selects stocks from the Nifty 200 universe based on their risk-adjusted price momentum, essentially aiming to capture trends in stock prices. The debt component follows the Nifty 8-13 Year G-Sec Index, which consists solely of Government of India securities.
Understanding the Risks and Structure
By focusing strictly on government securities for the debt portion, these funds aim to minimize credit risk, which is the risk that a bond issuer might default on payments. However, investors should be aware that the debt portion remains exposed to interest rate risk. Because these funds invest in bonds with a maturity of 8 to 13 years, the value of the debt portfolio will fluctuate when market interest rates change.
Since these are passive funds, they do not rely on active stock picking by fund managers. Instead, they aim to mirror the performance of their benchmark indices. Investors should consider that the performance will be directly linked to the momentum strategy of the Nifty200 Momentum 30 Index, which can experience periods of higher volatility compared to broader market indices. The minimum investment during the NFO is ₹5,000, and the funds will be co-managed by Ekta Gala and Pranavi Kulkarni.