NFO: DSP Mutual Fund introduces new multi-cap fund. Know minimum investment, last date, benchmark, and other key details

Mutual Fund NFO: Asset management company DSP Mutual Fund launched a new multi-cap fund in the equity category on Sunday (January 8, 2023). The company said the subscription for the New Fund Offer (NFO) DSP Multicap Fund will be open till January 22, 2024.

The asset management company (AMC) says its new multi-cap mutual fund scheme can be helpful for long-term capital growth.

DSP MultiCap Fund: You can start investing with Rs100According to DSP Mutual Fund, one can start investing in DSP Multicap Fund with a minimum of Rs 100 and thereafter in multiples of Re 1.

This scheme has been benchmarked against Nifty 500 Multicap 50:25:25 TRI.

The exit load in the scheme is nil. Its fund manager is Chirag Dagli.

Multi-cap mutual funds invest in large-, mid- small-cap funds, which provides diversification in investments and reduces risks.

For this reason, it becomes a dynamic option that balances risk and reward.

DSP MultiCap Fund: Who can invest

DSP Mutual Fund says its new multi-cap scheme is a better option for investors seeking capital appreciation in the long term.

In this scheme, investors will get the opportunity to invest in equity and equity-related securities of all market caps—small, mid, and large.

However, investors should know that mutual funds are market-linked and there is no guarantee that the investor's objective will be achieved in the scheme.

(Disclaimer: Only information about NFO is given here. This is not investment advice. Investing in mutual funds is subject to market risks. Consult your advisor before investing.)