Choice Mutual Fund launches large and mid cap fund; NFO ends November 3
Choice Mutual Fund’s large and mid cap fund NFO runs until November 3, with at least 35% each in large and mid cap stocks and SIPs from ₹250.
Choice Mutual Fund has entered the actively managed equity segment with the launch of its large & mid cap fund, offering investors exposure to both categories through a single scheme.
The New Fund Offer (NFO) opened on October 20 and will conclude on November 3, with units priced at Rs 10 each, according to a statement.
The scheme will invest at least 35 per cent each in large cap stock and mid cap stocks, with up to 30 per cent available for small cap stocks and other permitted instruments.
The scheme is benchmarked against the Nifty Large Midcap 250 Total Return Index. It offers daily and weekly SIPs starting at Rs 250 and carries a very high risk rating.
First actively managed equity scheme
"Our equity schemes so far have been index funds, and with the Choice Large & Mid Cap Fund we now offer an actively managed equity scheme. The mandate is simple to explain: at least 35 per cent each in large and mid cap companies, with the fund manager selecting stocks within it," said Ajay Kejriwal, CEO at Choice Mutual Fund.
Choice Mutual Fund is sponsored by Choice International Ltd, a diversified financial services group, headquartered in Mumbai.
Source: BusinessLine Markets
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