Mirae Asset Mutual\nFund launched the Mirae Asset Midcap Fund, an open-ended equity scheme that\nwill invest predominantly in midcap stocks. <\/p>\n\n\n\n
As per SEBI’s categorisation norms,\nan equity-oriented <\/a> scheme is characterized as a midcap fund\nonly if it invests a minimum of 65% of its total corpus in equity & equity\nrelated instruments of midcap<\/a> stocks (i.e. companies from 101st to 250th on\nfull market capitalisation basis)<\/p>\n\n\n\n The fund house is of the view, that midcaps\nare under-researched and that their overall alpha may be high if identified\nearly and has the dual advantage of:\n Hence the fund house launched, MAMF to capture the growth within the midcap segment as they have a potential to be future large caps<\/a> and less volatile than small-caps but high growth potential.\u00a0 But being an equity scheme this fund does carry extreme risk. On the risk-return spectrum, it is placed below\u00a0Small-Cap<\/a>\u00a0and Thematic funds. <\/p>\n\n\n\n [Read<\/strong>: How to evaluate your risk appetite and risk tolerance level?<\/a>]\u00a0<\/p>\n\n\n\n Thus, invest if you have the stomach for\nmoderately high-risk appetite and investment time horizon of at least 5 years,\nthen you may skew your equity portfolio to a midcap fund.<\/p>\n\n\n\n Table\n1: Details of Mirae Asset Midcap Fund<\/em><\/strong><\/p>\n\n\n\n\n