The Wealth Company Mutual Fund files offer document for Large Cap Fund
The Wealth Company Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘The Wealth Company Large Cap Fund'. The New Fund Offer price will be Rs 10 during the NFO. Entry load will be nil. In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable- if Units are redeemed/ switched-out within 180 days from the date of allotment; No Exit Load is payable if Units are redeemed / switched-out after180 days from the date of allotment. The Scheme offers growth and IDCW options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance will be benchmarked against NIFTY 100 Total Return Index(TRI). The minimum application amount will be Rs 1000 and in multiple of Rs 1 thereafter.
The investment objective of the scheme is to generate long-term capital appreciation by predominantly investing in equity and equity related securities of large cap companies.
