Choice Mutual Fund launches large and mid cap fund; NFO closes on November 3
The scheme combines large and mid cap exposure, with the fund manager selecting stocks within the prescribed allocation limits.
Choice Mutual Fund has launched a new large and mid-cap fund to enter the actively managed equity segment. The New Fund Offer (NFO) for this scheme opened on October 20 and will conclude on November 3. The fund, priced at Rs 10 per unit, aims to provide investors with exposure to both large cap and mid cap stocks through a single investment vehicle.
At least 35 per cent of the portfolio will be allocated to each category, with the option to invest up to 30 per cent in small cap stocks and other approved instruments. The fund is benchmarked against the Nifty Large Midcap 250 Total Return Index. It offers both daily and weekly Systematic Investment Plans (SIPs) starting at Rs 250 and is rated as very high risk.
This is Choice Mutual Fund's first actively managed equity scheme, following their previous focus on index funds. Ajay Kejriwal, CEO of Choice Mutual Fund, explained that the fund will invest at least 35 per cent in large and mid cap companies, selecting individual stocks within these categories.
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