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We have always believed in having only one product per category. We believe that we must launch a fund only if we can manage it.At Mirae, launching a fund completely lies with the fund management team.The fund has the flexibility to invest across market caps and sectors and at most in 30 companies.We believe this fund will help demonstrate a new investment style.
This has been in sync with its benchmark, the BSE 200 Index, where large-caps constitute about 85 per cent currently.
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In this context, the first and foremost point we would like to highlight to investors is that nothing changes after this classification as far as the current fund management style is concerned.
At the time of SEBI’s reclassification, we had kept the status quo with respect to the category, i.e., multi-cap, to give it more time.