Mirae Asset Fixed Maturity Plan – Series VI – Plan 1 NFO Opens 22 Oct: Minimum ₹5,000, Units at ₹10
Key Highlights
Mirae Asset Fixed Maturity Plan – Series VI – Plan 1 NFO opens 22 Oct 2026. Offer price ₹10, minimum investment ₹5,000.
Details as of: 17 October 2026
- Opens 22 Oct 2026 and closes 27 Oct 2026
- Offer price: ₹10 per unit
- Minimum investment: ₹5,000
- : NIFTY Ultra Short Duration Debt Index
- Largest allowed allocation: Debt & Money Market Instruments, up to 100%
The Mirae Asset Fixed Maturity Plan – Series VI – Plan 1 NFO opens on 22 October 2026 and closes on 27 October 2026. Investors can subscribe at an offer price of ₹10 per unit. The minimum investment required for this new fund offer is ₹5,000.
Mirae Asset Fixed Maturity Plan – Series VI – Plan 1 NFO: key details
| Fund house | Mirae Asset Mutual Fund |
| Category | Fixed Maturity Plans |
| Opens | 22 October 2026 |
| Closes | 27 October 2026 |
| Offer price | ₹10 per unit |
| Minimum investment | ₹5,000 |
| Benchmark | NIFTY Ultra Short Duration Debt Index |
| Fund managers | Pranavi Kulkarni |
| Plans | Regular and Direct plans, with Growth and IDCW options |
What the scheme says it will invest in
The scheme states its objective as follows.
The scheme shall seek to provide income to the investors through investments in a portfolio comprising of Debt and Money Market Instruments maturing on or before the maturity of the Scheme. However, there is no assurance that the investment objective of the Scheme will be realized andthe Scheme does not assure or guarantee any returns.
| Where the money goes | Minimum | Maximum |
|---|---|---|
| Debt & Money Market Instruments | 0% | 100% |
The scheme intends to invest between 0% and 100% of its assets in Debt and Money Market Instruments. This allocation range covers the entire portfolio of 100%.
How it compares with existing funds
| Measure | Value |
|---|---|
| Funds in the category | 25 |
| Average 1-year return (25 funds) | 5.18% |
| Average 3-year return, a year (25 funds) | 7.53% |
| Highest 1-year return: Nippon India FMP-XLV-5-1158D | 7.33% |
| Average expense ratio of Direct plans (25 funds) | 0.12% (range 0.04%–0.21%) |
| Average yield to maturity (3 funds, 30 September 2026) | 6.42% |
| Average modified duration (30 September 2026) | 1.34 years |
| Fund | NFO period | Assets (₹ crore) | now (Direct Growth) | Change on offer price |
|---|---|---|---|---|
| Axis Fixed Maturity Plan – Series 130 (92 Days) | 9 March 2026 – 11 March 2026 | – | ₹10.18 (11 June 2026) | 1.82% |
| Axis Fixed Maturity Plan – Series 129 (108 Days) | 18 February 2026 – 23 February 2026 | – | ₹10.21 (11 June 2026) | 2.08% |
Existing funds in the category reported an average 1-year return of 5.18% across 25 funds. The average expense ratio for these funds is 0.12%. Earlier NFOs show varying performance, with the Axis Fixed Maturity Plan – Series 130 (92 Days) recording a NAV of ₹10.18.
Fund managers
| Name | Role | Experience |
|---|---|---|
| Pranavi Kulkarni | 10 Years |
Mirae Asset Fixed Maturity Plan – Series VI – Plan 1 NFO: FAQs
When does the Mirae Asset Fixed Maturity Plan – Series VI – Plan 1 NFO open and close?
The NFO opens on 22 Oct 2026 and closes on 27 Oct 2026.
What is the minimum investment in the Mirae Asset Fixed Maturity Plan – Series VI – Plan 1 NFO?
The minimum investment is ₹5,000.
Who manages the Mirae Asset Fixed Maturity Plan – Series VI – Plan 1?
The fund is managed by Pranavi Kulkarni.
Which plans does the Mirae Asset Fixed Maturity Plan – Series VI – Plan 1 have?
Regular and Direct plans, with Growth and IDCW options.
What does the NFO offer price mean?
The offer price is the price per unit at which units are allotted during the NFO, here ₹10. It is not a measure of value, and the fund has no track record to judge until it has run for some time.
What is the benchmark of the Mirae Asset Fixed Maturity Plan – Series VI – Plan 1?
The scheme’s benchmark is the NIFTY Ultra Short Duration Debt Index.
Scheme terms from the offer documents; fund data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.