The scheme aims to generate capital appreciation by investing primarily in midcap stocks. The investment universe would primarily comprise of companies that have a market capitalisation ranging from Rs 300 to Rs 3000 crore.
This product is suitable for investors who are seeking
• An open-ended equity scheme
• Long term capital appreciation
• Investment primarily in midcap equity and equity-related securities
The fund has around 70% exposure to midcaps and rest equally divided in large and small. The fund has been a veteran in the category and has better the returns while reducing volatility as time frame increases. Though the near term prospects might be satisfactory , the long term strategy has proved to gain confidence.