Mirae Asset Mutual Fund, one of the fastest growing fund houses in India, has announced the launch of Mirae Asset Multicap Fund, an open-ended equity scheme investing across large cap, mid cap and small cap stocks.
The NFO for the fund opens for subscription on July 28, 2023 and closes on August 11, 2023. The fund will be managed by Mr. Ankit Jain. The benchmark Index for the fund will be the NIFTY 500 Multicap 50:25:25 TRI.
The minimum initial investment in the fund will be Rs 5,000 and multiples of Re 1 thereafter.
Mirae Asset Multicap Fund being capitalisation and sector agnostic offers investors the experience of staying invested across stocks and sectors that are experiencing benefits of excellence as well as technological changes being ushered into the economy. This is also an opportunity for those investors who do not want their portfolio to be widely spread but enjoy the best of all sectors.
Mr. Ankit Jain Fund Manager for Mirae Asset Multicap Fund said, “Right from the outset, it has been our endeavour to offer our investors various options that enable to optimise their returns in line with their investment strategies. Mirae Asset Multicap Fund too follows a similar principle, by enabling investors to expand their investments across the market spectrum without necessitating the addition of multiple schemes. The Multicap fund invests in large cap, mid cap and small cap funds, leading to diversification of opportunities and risk, making it a dynamic option balancing risk and reward,”
Mr. Jain, further added, “despite the turbulence in the global economic environment, the Indian economy continues to charter an impressive growth-route and Mirae Asset Multicap Fund aims to capture and offer the exciting positive developments across sectors to its investors”.
The Mirae Asset Multicap Fund will be available to investors in both, Regular Plan and Direct Plan. Post NFO, the Minimum Additional Purchase Amount will be Rs. 1000 and in multiples of Re 1 thereafter.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.