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Essel Finance Mutual Fund has unveiled its first equity offering with the launch of Essel Multi Cap Fund that will invest across stocks with different market capitalisations. The new fund offer will be open for subscription till July 2.
The investment emphasis of the scheme would be to identify companies with good corporate managements with prospects of future growth. Essentially, the focus would be on stocks driven by long-term fundamentals.
Rajiv Shastri, Executive Director & CEO, Essel MF, said the fund house is seeking to achieve an AUM of about ₹10,000 crore in the next one year and is planning four to five NFOs this year. The new multi-cap fund is the second launch this year. “We got a good response to our first NFO with close to 15,000 applications from 170 cities across India. We are confident of increasing this count,” added Shastri.
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