LIC Mutual Fund has announced the launch of LICMF Multicap Fund. The New Fund Offer (NFO) opens on 6 October, Thursday and will close on 20 October according to a media release. LICMF Multicap Fund is an open-ended equity scheme, which would invest across all market capitalization categories.

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The release said that LICMF Multicap Fund would invest a minimum of 25 per cent each in Large, Mid and Small Cap stocks, with the balance of 25 per cent providing flexibility to the fund manager to invest across market capitalization.

The scheme would reopen for ongoing subscription from Wednesday, 2 November, 2022.

“The key differentiator for LICMF Multicap Fund would be its in-house developed Macro Based Valuation Check (MVC), adjusting the allocation of chosen stocks within the portfolio, in line with the evolving macro variables by taking into consideration - equity risk premium, interest rates and earnings growth,” the release said.

“LICMF Multicap Fund would precisely offer investors prudent and disciplined diversification across market caps and an opportunity to invest in those companies which have leadership position across market caps. The uniqueness of LICMF Multicap Fund would be, a unique investment checklist which aim to identify emerging leaders across all Market Caps,” T S Ramakrishnan, Managing Director (MD) and Chief Executive Officer (CEO) of LIC Mutual Fund, said.

The first-tier benchmark for the LICMF Multicap Fund would be NIFTY 500 Multicap 50:25:25 TRI, which factors in all caps and thus offers more diversification and appropriate comparison for the scheme.

The fund manager for LICMF Multicap Fund would Yogesh Patil.

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