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Mirae Asset Mutual Fund has launched Mirae Asset Small Cap Fund, an open-ended equity scheme investing in small cap stocks.
The fund is benchmarked to Nifty Small Cap 250 Total Return Index (TRI) and will be managed by Varun Goel, senior fund manager-equity.
In a press release, Varun Goel said, “The small cap investing is where insights meet opportunity. This NFO reflects Mirae Asset’s philosophy of blending data-driven decision making with disciplined execution to uncover ideas in a segment that continues to play a pivotal role in India’s growth narrative.”
The scheme will invest in stocks that show sustainable high earnings growth, high capital efficiency, good corporate governance and have low or negligible leverage, said the company.
It will invest at least 65% of the fund in small cap stocks while allocating up to 35% of the fund in mid cap and large cap stocks.
