The benchmark for the fund will be the NIFTY 500 Multicap 50:25:25 TRI. The scheme will be managed by – Ankit Jain.
The New Fund Offer – is open for subscription and it will close on August 11.
The minimum initial investment in the fund will be Rs 5,000 and multiples of Re 1 thereafter.
“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,” said Ankit Jain, fund manager of the scheme .
“Despite the turbulence in the global economic environment, the Indian economy continues to chart an impressive growth-route and Mirae Asset Multicap Fund aims to capture and offer exciting positive developments across sectors to its investors,” Jain added.
