Mutual Fund News : Indiabulls Mutual Fund launches Indiabulls Multi Cap Fund

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Indiabulls Mutual Fund has launched an open ended Multi Cap Fund called ‘Indiabulls Multi Cap Fund’. It is mandated to predominantly invest in stocks across market capitalization i.e. large cap, mid cap and small cap stocks.

The investment objective of the Scheme aims to generate medium to long term capital growth by investing in a diversified portfolio consisting of equity and equity related instruments across market capitalization. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

The performance of the fund will be benchmarked against Nifty 500 TRI (Total Return Index).

The fund will be managed by Mr Veekesh Gandhi and Mr Vikrant Mehta.

The NFO opens for subscription on March 04, 2020 and closes on March 18, 2020.

The New Fund Offer is priced at Rs 10 per unit and the minimum application amount for initial purchase is Rs 500 and in multiples of Re 1 thereafter.

The scheme offers Regular Plan and Direct Plan having Growth Option, Dividend Payout and Dividend Re-Investment. It seeks to collect a Minimum Target Amount of Rs 10 crore during the NFO period.