Mirae Asset Launches Multicap Fund to Capture India’s Growth Amidst Global Turbulence

Mirae Asset Mutual Fund has introduced the Mirae Asset Multicap Fund, an open-ended scheme that will invest in large-cap, mid-cap, and small-cap stocks, providing a dynamic approach to risk and reward management. The fund, open for subscription from July 28 to August 11, 2023, will track the NIFTY 500 Multicap 50:25:25 TRI. Fund Manager Ankit Jain believes that despite global economic challenges, the Indian economy continues to exhibit impressive growth, and the new fund aims to capitalize on positive developments across sectors for its investors.