Mirae Asset Mutual Fund launches Mirae Asset Multicap Fund

Mirae Asset Mutual Fund has launched Mirae Asset Multicap Fund, an open-ended equity scheme that will invest across large cap, mid cap and small cap stocks.

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.