Mirae Asset Multicap Fund NFO: Key details you need to know

28 Jul 2023 , 03:06 PM

Mirae Asset Mutual Fund is launching NFO under its “equity category”, named as Mirae Asset Multicap Fund. This open-ended fund aims to generate long-term capital appreciation by investing predominantly in equity and equity related securities of large-cap, mid-cap and small-cap companies.

Investment strategy: The Investment Manager will select equity securities on a bottom–up, stock–by–stock basis. The focus would be to build a portfolio of strong growth companies, reflecting our most attractive investment ideas at all points of time.

Asset allocation: The Scheme will invest in equity and equity-related securities across various market caps.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in Mirae Asset Multicap Fund. 

Risk associated: Very high level of risk.

Benchmark: NIFTY 500 Multicap 50:25:25 TRI

Fund Managers: Mr. Ankit Jain.

The NFO is available for subscription from July 28 to August 11. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Mirae Asset Multicap Fund.