Mirae Asset Small Cap Fund Files with SEBI

Name of the Scheme

The scheme is named Mirae Asset Small Cap Fund, designed as an open-ended equity scheme focused on small-cap investments.

Category of Fund

This is a Small Cap Fund under equity mutual funds, specifically targeting smaller market capitalized companies for higher growth potential.

Investment Objective

The primary goal is to generate capital appreciation by investing predominantly in small-cap stocks. The fund manager may occasionally add other equity-related securities to diversify and optimize the portfolio, though achieving this goal isn’t guaranteed.

Asset Allocation

The fund will generally allocate between:

• 65-100% in small-cap equity and related securities.
• 0-35% in other equities or debt instruments.
• 0-10% in units of REITs and InvITs.

The allocation ensures a focus on small-cap growth while allowing for flexibility in portfolio construction.

Benchmark

Mirae Asset Small Cap Fund uses the Nifty Small Cap 250 Total Return Index as its benchmark, which reflects the performance of the small-cap market segment.

Fund Manager

The fund is managed by Mr. Varun Goel and Mr. Siddharth Srivastava (for overseas investments), both experienced in fund management with a focus on equity and global assets, respectively.

Risk Associated with the Scheme

Investing in small-cap stocks inherently carries higher risk and volatility than large-cap stocks. Additional risks include market liquidity, credit risk, and price fluctuations. Derivatives and repo transactions may be used for hedging, with inherent risks managed through prudent allocation and monitoring practices.

Other Essential Information

• Liquidity: Daily buying and selling at NAV-based pricing.
• Exit Load: 1% if redeemed within one year; nil afterward.
• Minimum Investment: Starts from Rs. 5,000, with additional purchases at Rs. 1,000 increments.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.