‘Mirae Asset Multicap Fund’, This is An open-ended equity scheme investing across large cap, mid cap and small cap stocks introduced by Mirae Asset Mutual Fund. The NFO will be open for subscription from July 26th, 2023 and will end on August 9th, 2023. Within five Business Days following the date of allotment, the Schemes will reopen for continuous sale and repurchase. Subscriptions can be made starting at Rs. 5,000 and in multiples of Rs. 1/-.
About Mirae Asset Mutual Fund
Mirae Asset Global Investments is a global diversified asset manager offering cutting-edge strategies to customers in an ever-evolving global market. In administering their fully diversified investment platform, Mirae Asset Global Investments, which was created in Asia and currently has a presence in 16 countries, they employ a collaborative approach.
As part of an internal restructuring of its business effective as of January 1, 2020, Mirae Asset Global Investments (India) Private Limited (“MAGI India”) has transferred its asset management business to its wholly owned subsidiary, Mirae Asset Investment Managers (India) Private Limited (“Mirae AMC”). Effective January 1, 2020, Mirae AMC has taken over as the Asset Management Company (“AMC”) of Mirae Asset Mutual Fund (“MAMF”) from MAGI India.
Mirae Asset Multicap Fund – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | Mirae Asset Mutual Fund |
| Name of the Fund | Mirae Asset Multicap Fund |
| Type of Scheme | Open-ended |
| Category of Scheme | Equity multi cap |
| NFO Starts | 26-July-2023 |
| NFO Ends | 09-August-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs. 5000 |
| Plans | Regular |
| Options | Growth |
| Entry Load | Not Applicable |
| Exit Load | 1% |
| Investment Manager | Mirae Asset Investment Managers (India) Private Limited |
| Fund Manager | Mr. Ankit Jain |
Mirae Asset Multicap Fund NFO – Scheme Objective
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of large cap,midcap and small cap companies.
Mirae Asset Multicap Fund NFO – Who Can Invest?
This product is suitable for investors who are seeking*:
- To generate long term capital appreciation/income.
- Investments predominantly in equity and equity related securities of large cap/mid cap/small cap companies.
How Will the Scheme Allocate Its Asset
- 75-100% in *Equity and Equity related instruments including equity linked derivatives in the following manner:
- 25-50% in Large Cap Companies**
- 25-50% in Mid Cap Companies**
- 25-50% in Small Cap Companies**
- 0-25% in Debt securities (including securitized debt & debt derivatives) and money market instruments.
- 0-10% in Units issued by REITs and InvITs.
Where Will the Scheme Invest?
- The Schemes will predominantly invest minimum 25% each in Equity and Equity related instruments of each market cap category, namely, large cap (1-100th company in terms of full market capitalization), mid cap companies(101st -250th company in terms of full market capitalization)and small cap (251st company onwards in terms of full market capitalization).
- Equity Include convertible debentures,equity warrants, convertible preference shares, equity derivatives etc.
- The Scheme will invest in debt and money market instruments. It retains the flexibility to invest across all the securities in the debt and money markets.
- Investment in Derivatives.
- The Scheme may take derivatives positions based on the opportunities available subject to the guidelines issued by SEBI from time to time and in line with the overall investment objective of the Scheme.
- Mirae Asset Mutual Fund shall participate in repo transactions in Corporate Debt Securities within the following overall framework, as per the guidelines of Securities and Exchange Board of India and Boards of Mirae Asset Trustee Co. Pvt. Ltd. & Mirae Asset Investment Managers (India) Pvt. Ltd.
Mirae Asset Multicap Fund NFO – SID (Scheme Information Document)
Please click here to read the SID (Scheme Information Document) of this upcoming NFO scheme.
How to Invest?
Visit this page on the AMC website for further detail and investment.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
