Savvy investors who have been through market cycles, with an appetite for risk and ability to bear volatility in the near term, could consider investing in the new fund offer (NFO) of Mirae Asset Midcap Fund. The NFO is open and closes on July 20. The fund will be managed by Ankit Jain and investors can put in a minimum of ₹5,000 as a lumpsum, or invest through the SIP route.

Wealth managers believe there are a couple of reasons for savvy investors to look at this new fund offer. One, Mirae has a good track record in managing equity mutual fund schemes. Its flagship fund Mirae Asset Large Cap Fund has given a return of 15.21% in the last three years, while Mirae Asset Emerging Bluechip Fund has given returns of 16.65%.

Second, after the sharp correction in mid cap category of funds, over the past one year, several stocks in the category are attractive and trade at a 20% discount to large caps, giving investors a good entry point with a 3-5 year perspective.

“Existing equity MF schemes of Mirae are doing well. If any investor wants a midcap portfolio managed by Mirae fund management, he could go for the NFO,” said Amol Joshi, founder, Plan Rupee.


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