Upcoming NFO: The Wealth Company Mutual Fund Files Draft Papers for Mid Cap Fund

The Wealth Company Mutual Fund has filed draft documents for the proposed launch of The Wealth Company Mid Cap Fund, an open-ended equity scheme that will predominantly invest in mid-cap companies.  

As outlined in the Scheme Information Document, the fund is intended to provide long-term capital appreciation by investing mainly in mid-cap stocks. The document also notes that there is no guarantee that the investment objective will be met. 

Benchmark and Risk Category 

The proposed scheme will be benchmarked against the Nifty Midcap 150 Total Return Index (TRI), which represents the performance of listed mid-cap companies.  

The draft document classifies the scheme under the Very High Risk category in line with the prescribed riskometer for mutual funds investing in this segment. 

Investment Plans and Subscription Details 

The scheme will offer both Regular and Direct plans with Growth and Income Distribution cum Capital Withdrawal (IDCW) options.  

The minimum application amount during the New Fund Offer (NFO) has been set at ₹1,000, while purchases after the offer period will also start from ₹1,000.  

The draft also provides for systematic investment plans, with daily SIPs beginning at ₹100 and weekly, fortnightly, monthly and quarterly SIPs starting at ₹250. 

Exit Load and Unit Price 

An exit load of 1% has been proposed for units redeemed or switched out within 180 days from allotment. No exit load will apply after that period.  

During the NFO, units will be available at a face value of ₹10 each, according to the draft scheme document. 

Read More: Top 5 Flexi Cap Mutual Funds with Positive Returns Across the Last 3 Calendar Years! 

Conclusion 

The draft papers set out the proposed investment mandate, benchmark, subscription terms and transaction features of the new mid-cap scheme ahead of its planned launch. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Mutual Fund Investments in the securities market are subject to market risks, read all the related documents carefully before investing.