The Wealth Company Mutual Fund files offer document for Multi Cap Fund
The Wealth Company Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘The Wealth Company Multi Cap Fund’. The New Fund Offer price for units would be Rs 10 during the NFO. Entry load will be nil for the scheme. An exit load of 1.00% is payable if Units are redeemed/ switched-out within 180 days from the date of allotment, and no exit load is payable if Units are redeemed / switched-out after 180 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 500 Multi Cap 50:25:25 TRI. The minimum application amount during NFO will be Rs 1000 and in multiples 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, mid cap and small cap companies.
