Mirae Asset AMC launches the Mirae Asset Midcap Fund

Mirae Asset Mutual Fund has launched an open-ended mid cap fund- Mirae Asset Midcap Fund. The new fund offer (NFO) will open for subscription from July 8 to July 22. The scheme is benchmarked against Nifty Midcap 100 Index (TRI).

According to the press release, the fund aims to build a diversified portfolio of strong growth companies as well as to avoid concentration and liquidity risks. The fund will be managed by Ankit Jain.

The minimum investment required is Rs 5,000 and in multiples of Rs 1 thereafter. Investors will have to pay an exit load of 1 per cent if they sell their investments within a year. If the units are redeemed after a year, no exit load will be charged.


“Mirae Asset MF is enhancing its product basket to provide varied investment solutions for its investors and partners. We believe that mid cap segment provides a decent entry point for investors, as mid cap stocks are now trading at close to 20 per cent discount to large caps. We believe investors with a three to five year view should be looking at diversifying its portfolio in a mid cap fund,” said Swarup Mohanty, CEO, Mirae Asset Mutual Fund .