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Mirae Asset Investment Managers (India) Pvt. Ltd. announces the launch of ‘Mirae Asset Small Cap Fund’, an open-ended equity scheme predominantly investing in small cap stocks. 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.

Mirae Asset Small Cap Fund is tailored for investors with a high-risk appetite who are seeking wealth creation through participation in higher growing segments of the economy. This includes young, dynamic investors who aim to explore high-growth opportunities, experienced risk-takers aiming to enhance portfolio returns, and Systematic Investment Plans (SIP) investors aiming to manage market volatility through disciplined investing. By catering to varied profiles, the scheme aims to meet the diverse objectives of investors.

The New Fund Offer (NFO) for Mirae Asset Small Cap Fund will open for subscription on January 10, 2025 and close on January 24, 2025. The scheme will re-open for continuous sale and repurchase on February 03, 2025. In the scheme, the minimum initial investment during New Fund Offer will be Rs 5,000/- (Rupees Five Thousand) with subsequent investments being multiples of Re 1.

Speaking about the Fund launch, Mr. Varun Goel, Sr. Fund Manager - Equity, Mirae Asset Investment Managers (India) Pvt. Ltd., said, “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.”

The 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.   

By launching this active small cap fund, Mirae Asset Mutual Fund reaffirms its commitment to offering innovative investment solutions tailored to evolving market opportunities. By leveraging its robust research capabilities, disciplined investment philosophy, and global expertise, the fund seeks to provide investors with a platform to explore the potential of India’s vibrant small cap segment. In a dynamic economy like India there are always undiscovered and mispriced opportunities with a huge runway for growth which may create significant shareholder value over the medium to long-term. We seek to identify such opportunities.

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