Mirae Asset Mutual Fund launches Mirae Asset Flexi Cap Fund

Mirae Asset Mutual Fund has launched Mirae Asset Flexi Cap Fund. The NFO opens for subscription on February 3 and closes on February 17. The fund will be managed by Vrijesh Kasera. The minimum initial investment in the fund will be Rs 5,000 and multiples of Re 1 thereafter. Mirae Asset Flexi Cap Fund will be benchmarked against the NIFTY50 TRI.

The flexi cap fund will invest across market capitalisation—large cap, mid cap and small cap, thus offering a large investment horizon to help investors capture the growth curves across sectors.

The fund house said that the scheme will invest in a mix of value and growth stocks and diversify across ideas, sectors, caps and risk. According to the press release, Mirae Asset Flexi Cap Fund is ideal for those investors who are looking at remaining invested for a long term – 5 years and above, investors who are in the process of building a core portfolio and new investors who are looking to invest across market cap i.e. Large cap, midcap and small cap stocks using a single fund.

“The India story is still very resilient and investors could experience the benefit of participating in the growth of the Indian economy and its diverse sectors that contribute towards this growth. Through our bottom up stock selection process, we will invest in companies with growth potential, which we can hold for a longer term on its merit and we believe such opportunities are available across market cap. These stocks are selected from diverse sectors that may have substantial growth in the coming years,” said Vrijesh Kasera, Fund Manager, Mirae Asset Investment Managers.

“Mirae Asset Mutual Fund continues to remain focused on bringing investment solutions to investors based on their risk appetite as well as capital market outlook on a long-term basis. Mirae Asset Flexi Cap Fund is being offered at a time when India’s macro-economic outlook is robust and the capex cycle across many segments is set to witness a significant uptrend,” said Swarup Mohanty, CEO, Mirae Asset Investment Managers

“Our product suite aims to reflect the market conditions while addressing the risk reward factor of investors, and we believe that Mirae Asset Flexi Cap Fund can be an integral part of investors’ portfolio on a long-term basis,” Mohanty added.

Source link

Spread the word!

Leave a Comment

Your email address will not be published. Required fields are marked *