The NFO is open till July 22. The minimum investment amount is ₹5,000 and in multiples of ₹1,000. The scheme will be benchmarked to Nifty 500 Multicap 50:25:25 index. It will have an exit load of 1% for redemptions for investors who redeem in less than a year. The fund will be managed by R Janakiraman, Akhil Kalluri and Kiran Sebastian.
The scheme will invest a minimum of 25% each in large, mid and small-cap stocks with the balance 25% blended optimally in line with an internal framework. The fund manager will apply its bottom-up QGSV stock picking framework emphasising quality, growth, sustainability and valuations to find the right ideas within these themes and sectors.
The scheme will also look at capturing opportunities in themes in the portfolio such as energy transition, financialisation of savings and formalisation of the economy which could help it generate alpha over its benchmark. The large-cap stocks in the portfolios provide stability while the mid-cap and small-cap stocks provide growth.
“The fund house has a strong investment team, with a strong focus on research and the performance has been consistent,” said S Shankar, certified financial planner, Credo Capital. Shankar said first-time investors can consider an allocation through systematic investment plans in a staggered manner.
Financial planners said investors should look at their existing portfolio and their allocation to the mid-cap and small-cap stocks before adding a multi-cap fund so that there is no duplication. “Investors who have exposure to pure mid-and-small-cap space or flexicap category can give this NFO a miss,” said Roshni Nayak, founder, Goalbridge, a Sebi-registered investment advisor.