Mirae Asset MF in a press release today announced the launch of its open-ended midcap fund. The fund shall be predominantly investing in a midcap portfolio (minimum 65%) while the balance could be invested across large caps and small caps.
The fund aims to build a diversified portfolio of strong growth companies and avoid concentration and liquidity risks. The fund will be sector agnostic.
Speaking on the launch, Swarup Mohanty, CEO, Mirae Asset MF said, “ We believe that mid cap segment provides a decent entry point for investors, as midcap stocks are now trading at close to 20% discount to large caps. We believe investors with a 3-5 year view should be looking at diversifying its portfolio in a midcap fund.”
Ankit Jain will be managing this fund.
