Mumbai: Union KBC Mutual Fund has filed an offer document with SEBI to launch its open ended equity scheme, Union KBC Small and Mid Cap Fund. The investment objective is to achieve long term capital appreciation by investing in a portfolio consisting of equity and equity related securities, predominantly of small and midsized companies.
Minimum amount for subscription is 5,000 and in multiples of Re. 1 thereafter and for SIPs 1,000 and in multiples of 1 thereafter. The scheme will charge a 2% exit load if redeemed before a year. The scheme will be managed by Ashish Ranawade. It will be benchmarked against BSE Midcap Index.
