The objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of smallcap companies.
The scheme will be benchmarked against Nifty Smallcap 250 TRI. The scheme will be managed by Mihir Vora, Aakash Manghani.
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An exit load of 1% will be applicable, if redeemed/switched out within 180 days from the date of allotment. Nil exit load will be applicable if redeemed/switched out after 180 days from the date of allotment.
The minimum application amount for purchase (including switch-in) will be of Rs 1,000 and in multiples of any amount thereafter. For monthly SIP, the minimum application amount will be Rs 1,000 (plus in multiple of any amount) with six minimum installments. For quarterly SIP, the minimum application amount will be Rs 3,000 (plus in multiple of any amount) with four minimum installments.Also Read | 62% equity mutual funds outperform benchmarks in first half of 2024The scheme will invest 65-100% in equity and equity- related instruments, including derivatives of smallcap companies, 0-35% in equity and equity-related instruments, including derivatives of other than smallcap companies, 0-35% in debt and money market instruments, and 0-10% in units issued by REITs & InvITs.
The product will be suitable for investors who are seeking long-term capital appreciation and want investment predominantly in equity and equity-related instruments of smallcap companies.
