Equirus PMS on Thursday launched ‘Equirus MultiCap Fund’ that aims to generate long- term returns by investing in equities with a focus on large-caps. The fund will be managed by Viraj Mehta, Managing Director, Equirus PMS. The fund will allocate 65-100 per cent weight to large-caps and 0-35 per cent to mid-caps, it said in a release. Key features of the new fund include concentrated portfolio with 15-20 stocks. Value focus will lead the allocation away from index weights. Investment horizon is 3-5 years. Suitable for investors looking at low volatility and better returns than that of Nifty/Sensex.
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