Mirae Asset Mutual Fund launches Mirae Asset Multicap Fund

economictimes.indiatimes.com:

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.

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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.