Mutual Fund News : Mirae Asset Mutual Fund Introduces Mirae Asset Flexi Cap Fund

Publish Date:

Mirae Asset Mutual Fund has launched - Mirae Asset Flexi Cap Fund

It is an open-ended dynamic equity scheme investing across large cap, mid cap and small cap stocks.

Accordingly, the investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related instruments across market capitalization.

However, there can be no assurance that the investment objective of the scheme would be achieved.

Under normal circumstances, Mirae Asset Flexi Cap Fund will hold an allocation of 65% to 100% of its assets in Equity and Equity related instruments including equity linked derivatives, 0% to 35% in Debt securities (including securitized debt & debt derivatives) and money market instruments and 0% to 10% in Units issued by REITs and InvITs.

As per the Scheme Information Document, Mirae Asset Flexi Cap Fund will predominantly invest minimum 65% dynamically into Indian equity and equity related instruments across market capitalization. From time to time, the fund manager may also participate in debt and debt related securities up to 35% of its total assets for optimal portfolio construction.

The Investment Manager will select equity securities on a bottom–up, stock–by–stock basis. The focus would be to build a portfolio of strong growth companies, reflecting our most attractive investment ideas at all points of time. The universe of stocks will comprise majorly of companies having robust business models, enjoying sustainable competitive advantages as compared to their competitors and have high return ratios. The Fund Manager will create a robust portfolio to avoid concentration risk and liquidity risk. The Fund Managers will monitor the trading volumes in a particular stock before investment to avoid liquidity risk.

Mirae Asset Flexi Cap Fund’s performance will be benchmarked against NIFTY 500 TRI

The scheme will be managed by Mr Vrijesh Kasera.

The NFO opens for subscription on February 03, 2023 and closes on February 17, 2023. The schemes will reopen for continuous sale and repurchase on February 27, 2023.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter. 

The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum Capital Withdrawal (IDCW) option.