Indiabulls Multi Cap Fund NFO Review (Open till 18th March 2020)
Indiabulls AMC has launched a new open-ended equity scheme called Indiabulls Multi-Cap Fund. The NFO is open from 4th March to 18th March 2020. This scheme will invest across large-cap, mid-cap, and small-cap stocks.
The scheme is suitable for investors seeking medium to long term capital growth. This scheme has a moderately high-risk profile. The units will be offered at Rs. 10 per unit during the New Fund Offer period and at NAV based prices upon reopening.
Fund Details
| Name of the Fund | Indiabulls Multi Cap Fund |
| Type of Scheme | Open ended equity scheme |
| NFO Dates | Opens on 4th March 2020 and ends closes on 18th March 2020 |
| Fund Manager | Mr. Veekesh Gandhi & Vikrant Mehta |
| Benchmark | Nifty 500 TRI |
| Minimum Application Amount/Minimum Purchase Amount | Rs. 500 and in multiples of Re. 1 thereafter
Rs. 500 and in multiples of Re. 1 thereafter (For Systematic Investment Plan (SIP). |
| Entry Load | Not Applicable |
| Exit Load | Nil |
Note: The scheme will reopen within 5 business days from the date of allotment
The scheme aims to generate medium to long term capital growth by investing in a diversified portfolio. The scheme offers both direct as well as regular plans. Further, the scheme has Growth and dividend options across a common portfolio.
Investment Strategy
The scheme would work along the lines of the top-down and bottom-up approaches of investing and will aim at being diversified across various industries and/or sectors and/ or market capitalization.
The scheme will be investing in companies with sound corporate management and prospects of good future growth. The main focus would be on stocks driven by long-term fundamentals.
A part of the scheme will also be invested across IPOs, emerging sectors, concept stocks and other primary market offerings that meet the investment criteria set by the AMC.
Since the aim of the scheme is long term wealth creation, Indiabulls multicap fund scheme will invest a 65-100% of its investable assets in equity and equity-related instruments. The remaining investment of the scheme may be invested in debt & money market instruments and other liquid instruments or both.
Debt Investments
The fund endeavors to invest in quality debt instruments across maturities based on the interest rate outlook. The fund will be actively managed. The scheme invests in debt instruments such as government securities, corporate debentures and bonds, quasi-government bonds and money market instruments.
About Fund Managers
Mr. Veekesh Gandhi (Equity Segment)
Veekesh Gandhi comes with an enriching experience of more than 18 years in the field of Banking and Capital markets. Prior to joining Indiabulls, Veekesh was associated with DSP Merrill Lynch Ltd, SSKI Securities, and Motilal Oswal Securities, wherein he was responsible for tracking the BFSI sector and research on investment ideas.
He is extremely research-oriented and practices a Top-Down approach for Large Caps and Bottom-Up approach for Mid / Small Cap. He is well-versed with Indian and Global Macros. He has done his MBA (Finance) from the University of Hartford (USA). Some other funds managed by Veekesh include Indiabulls Blue Chip Growth and Indiabulls Tax Savings Growth.
Mr. Vikrant Mehta (Joint Head – Fixed Income, Debt)
Vikrant Mehta has a great experience spanning over 24+ years and has expertise in fixed income and emerging markets experience across fund management, macro research, trading, and sales. Prior to joining Indiabulls, Mehta has worked with PineBridge Investments, NVS Brokerage, JM Morgan Stanley and Mata Securities. He holds an M.S. in Engineering and a CFA from The Institute of Chartered Financial Analysts of India.
Other funds managed by Mr. Vikrant Mehta
- Indiabulls Ultra Short Term Fund – Growth
- Indiabulls Liquid Fund – Growth
- Indiabulls Overnight Fund- Regular-Growth
- Indiabulls Savings Fund – Regular Plan-Growth
- Indiabulls Banking & PSU Debt Fund- Regular Plan-Growth
- Indiabulls Dynamic Bond Fund – Regular Plan-Growth
How to Invest in this Fund on Groww?
You can invest in Indiabulls Multi Cap Fund on Groww in a hassle-free and secure way by following these simple steps:
- Log in to your Groww account, sign up and complete KYC if you are a new user
- In the search bar, enter the fund name which is the “Indiabulls Multi Cap Fund” in this case.
- Next, the fund page opens where you can check all the additional information related to the scheme such as the asset allocation, fund manager, holdings, etc.
- Select whether you want to start with a One-time payment (Lumpsum) or do a SIP
On a Closing Note
Please ensure you read the details of the NFO carefully and invest only when the aim of the scheme aligns with your own financial objectives. There is no assurance that the investment objective of the scheme will be achieved. Investors should conduct due diligence or consult their financial advisers if in a dilemma whether the product is suitable for them.
Happy Investing!
Disclaimer: The views expressed in this post are that of the author and not those of Groww