Standard Chartered MF to launch small and mid-cap fund

Standard Chartered Mutual Fund will launch Standard Chartered Small and Mid-cap equity fund, a 3 years close ended equity scheme with an automatic conversion into an open ended scheme on expiry of 3 years from the date of allotment and has already filed the offer document with SEBI. The units of the scheme will be available for Rs 10 per unit.

The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The scheme will invest in small and midcap equity and equity related instruments.

The scheme offers Growth option and Dividend option. The Dividend option will offer Dividend reinvestment option.

Minimum Application Amount

The minimum application amount is Rs 5,000 and in multiples of Re 1 there after.

Benchmark

The scheme will be benchmarked against CNX Midcap Index.

Load Structure

An Entry load of 2.25% will be charged for investment less than Rs 50 million. However, exit load will be nil.