Mirae Asset Flexi Cap Fund NFO: All you need to know

9 Feb 2023 , 01:35 PM

Mirae Asset Mutual Fund is launching NFO under its “equity category”, named as Mirae Asset Flexi Cap Fund. This open-ended fund will invest in equity and equity related securities of various market capitalisation. However, there can be no assurance that the investment objective of the scheme would be achieved.

Investment strategy: The scheme aims for long-term capital appreciation by investing in equity & equity related instruments of large cap, mid cap and small companies as defined by SEBI. The scheme will invest in selected sectors and companies, which in the opinion of the fund manager have potential to grow or offer good returns. The selection of sectors would be driven primarily by the growth prospects and valuations of the businesses as per the discretion of the fund manager.

Asset allocation: Mirae Asset Flexi Cap Fund seeks to provide diversification across equity and equity related instruments in the large-cap, mid-cap and small-cap companies to generate long-term capital appreciation.

Who should invest?

Investors with high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in Mirae Asset Flexi Cap Fund. Those who want to diversify their investments across companies of different market caps should invest in the fund.

Risk associated: Very high level of risk.

Benchmark: Nifty 500 Total Return Index.

Fund Managers: Mr. Vrijesh Kasera.

The NFO is available for subscription from February 3-17. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Mirae Asset Flexi Cap Fund.