Mirae Asset MF launches Small Cap Fund: Key things to know about the NFO – CNBC TV18

Mirae Asset MF launches Small Cap Fund: Key things to know about the NFO – CNBC TV18

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Mirae Asset Investment Managers (India) has announced the launch of the Mirae Asset Small Cap Fund, an open-ended equity scheme focused on investing predominantly in small-cap stocks. The fund aims to capitalise on growth opportunities in India’s small-cap segment through a research-driven investment approach.

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The scheme is benchmarked against the Nifty Small Cap 250 Total Return Index (TRI) and will be managed by Varun Goel, Senior Fund Manager – Equity.

It seeks to provide long-term wealth creation opportunities by investing in high-growth small-cap companies that demonstrate strong fundamentals, corporate governance, and sustainable earnings growth.

The New Fund Offer (NFO) will be open for subscription till January 24, 2025.

The scheme will reopen for continuous sale and repurchase on February 3, 2025.

  • Minimum investment: ₹5,000 during the NFO
  • Subsequent investments: Multiples of ₹1

Investment strategy
The Mirae Asset Small Cap Fund will allocate at least 65% of its portfolio to small-cap stocks, with up to 35% in mid-cap and large-cap stocks. The fund will focus on companies with:

  • Sustainable earnings growth
  • High capital efficiency
  • Strong corporate governance
  • Minimal or negligible leverage

Speaking on the launch, Varun Goel, the fund manager, stated, “Small cap investing is where insights meet opportunity.”

Target audience

The fund is designed for investors with a high-risk appetite, including:

  • Young and dynamic investors seeking high-growth opportunities
  • Experienced investors aiming to boost portfolio returns
  • Systematic Investment Plan (SIP) investors seeking to mitigate market volatility

Outlook

Mirae Asset Mutual Fund aims to leverage its global expertise and research capabilities to uncover opportunities in the dynamic small-cap space.

The fund seeks to identify undervalued and growth-oriented stocks, aiming to create shareholder value over the medium to long term.

Investors should consider their financial goals, risk tolerance, and investment horizon before investing. The small-cap segment, while promising higher returns, is also associated with higher volatility and risk.

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