Mirae Asset MF has launched a new fund offer (NFO) in the small cap fund category, information about which is provided below.
NFO opens on - 10 Jan 2025
NFO closes on - 24 Jan 2025
As indicated by its name, this NFO will be investing in small cap stocks predominantly, which means 65% of the investment will be in small cap stocks.
As we all know, Small cap stocks are riskier than mid cap and large cap ones. Hence, the fund's category will be very high risk.
It is an open-ended fund, so you can invest in it even after the NFO period.
The fund will be managed by Mr. Varun Goel and is benchmarked to the Nifty Small Cap 250 Total Return Index (TRI).
As per the fund house's website, the ideal investment time for this fund is considered to be more than 5 years.
Also, it is deemed suitable for those investors who prefer growth along with risk.
To know more about the investment philosophy of the fund, please click on the link provided below:
The riskometer of the scheme is in the 'Very High Risk' category.
Like all other NFOs, its NAV will initially be 10 rupees, which will change according to the market.
Disclaimer-
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.