By Nivesh Gyan 9 JulyCategory: General
Mirae Mutual Fund has launched NFO – Mirae Asset Midcap Fund. The fund is open for subscription from 8th July 2019 and will close on 22nd July 2019. It is an open ended scheme predominantly investing in Indian equity and equity related securities of midcap companies.
The objective of the scheme is to build a portfolio of companies having robust business models which have the potential to grow into tomorrow’s large cap funds.
The asset allocation of the scheme will be as follows:
|Type of Instrument||Indicative Allocation||Risk Profile|
|Equity and Equity related securities*||65-100%||High|
|Equities and equity related securities other than above||0-35%||High|
|Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds||0-35%||Low to Medium|
*Equity and Equity related instruments include convertible debentures, equity warrants, convertible preference shares, equity derivatives etc.
The fund managers for this fund will be Mr. Ankit Jain. He has more than 8 years professional experience and his primary responsibility included Investment Analysis and Fund Management. He has been associated with the AMC since September 2015. Prior to working with Mirae Mutual Fund, he was associated with Equirus Securities Pvt Ltd. and Infosys Ltd.
This fund is suitable for:
Mid-sized companies have a high potential to provide faster earnings and steep growth. A mid-sized company is more likely to become a larger size company in the future, due to which one can generate good returns during that period.
|Benchmark||NIFTY Midcap 100 Index (TRI)|
|Plans||Direct and Regular|
|Minimum Investment Amount||SIP: Rs. 1,000
Lump sum: Rs. 5,000
|Exit Load||1% if redeemed/ switched out within 1 year from the date of allotment and thereafter nil|
Mirae Asset Mutual fund is one of the top performing fund houses in India since establishing its business in India in 2007 it is constantly growing so far. Currently, it has an AUM of around 30,000 Crore and 1.39 million investor folios, its funds have generated a good return for its investor every time. If you compare its funds with any other fund, then you will come to know how much better it is.
To invest in Mirae Asset Midcap Fund, download our app from the play store or click the link below:
Nivesh.com – App for mutual funds investment
Mutual Funds are subject to market risk, read all scheme related documents carefully.