Mirae Asset Mutual Fund (MF) has launched Mirae Asset Flexi Cap Fund, an open-ended dynamic equity scheme investing across large cap, mid cap, small cap stocks.The NFO opens for subscription on February 03, 2023 and closes on February 17, 2023. The Entry load is not applicable for the scheme. The Exit Load: I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP - in) on or before completion of 365 days from the date of allotment of units: nil and b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): - If redeemed within 1 year (365 days) from the date of allotment: 1% of the applicable NAV & If redeemed after 1 year (365 days) from the date of allotment: nil. II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out) - If redeemed within 1 year (365 days) from the date of allotment: 1% & if redeemed after 1 year (365 days) from the date of allotment: nil. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against NIFTY 500 TRI and its fund manager is Vrijesh Kasera.
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related instruments across market capitalization.