NFO Alert: Mirae Asset Mutual Fund launches small cap fund; check out subscription dates and other key details

Mirae Asset Investment Managers (India) has launched ‘Mirae Asset Small Cap Fund’, an open-ended equity scheme predominantly investing in small cap stocks, according to a statement.

"The fund aims to provide investors with an opportunity to participate in the potential growth of fundamentally strong small cap companies through a research driven and disciplined investment approach. The fund will be benchmarked with Nifty Small Cap 250 Total Return Index (TRI) and will be managed by Mr. Varun Goel, Sr. Fund Manager - Equity," the mutual fund company said

Mirae Asset Small Cap Fund subscription dates

This NFO will open for subscription on January 10, 2025, and will close on January 24, 2025. The scheme will re-open for continuous sale and repurchase on February 03, 2025.

Mirae Asset Small Cap Fund minimum investment

The minimum investment for the fund is Rs 5,000 initially with subsequent investments being multiples of Rs 1.

“Small cap investing is where insights meet opportunity. Our new fund reflects Mirae Asset’s philosophy of blending data-driven decision making with disciplined execution to uncover ideas in a segment that continues to play a pivotal role in India’s growth narrative," said Varun Goel, senior fund manager - equity, Mirae Asset Investment Managers (India).

The newly launched small cap scheme will invest in quality stocks that show sustainable high earnings growth, high capital efficiency, good corporate governance and have low or negligible leverage. It will invest at least 65% of the fund in small cap stocks while allocating up to 35% of the fund in mid cap and large cap stocks. 

Mirae Asset Small Cap Fund will be managed by Varun Goel, senior fund manager - equity.