Abakkus Mutual Fund has filed the draft Scheme Information Document (SID) with Securities and Exchange Board of India for its proposed Abakkus Large & Mid Cap Fund, an open-ended equity mutual fund that will primarily invest in large-cap and mid-cap companies.
The scheme aims to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments. However, as with all mutual fund schemes, there is no assurance that the investment objective will be achieved.
Investment Allocation
The proposed asset allocation is:
Asset Class Allocation
Equity & Equity-related Instruments 70% – 100%
• Large-cap Stocks 35% – 65%
• Mid-cap Stocks 35% – 65%
Debt & Money Market Instruments, Gold & Silver Instruments Up to 30%
InvITs Up to 10%
Benchmark
The scheme will benchmark its performance against the NIFTY Large Midcap 250 Total Return Index, which comprises:
100 Large-cap companies
150 Mid-cap companies
listed on the National Stock Exchange.
NFO Details
Particular Details
Scheme Type Open-ended Large & Mid Cap Equity Fund
Plans Available Regular & Direct
Option Growth Only
Face Value / NFO Price ₹10 per unit
Minimum Lump Sum Investment ₹500
Minimum SIP Investment ₹500
NFO opening and closing dates are yet to be announced.
Risk & Exit Load
Risk Level: Very High Risk
Exit Load:
1% if redeemed within 6 months from allotment
Nil after 6 months
The fund house has also stated that redemption proceeds are normally expected to be dispatched within 3 business days of receiving a valid redemption request.
Key Highlights
Open-ended Large & Mid Cap equity scheme.
Invests predominantly in large-cap and mid-cap stocks.
Benchmarked to the NIFTY Large Midcap 250 TRI.
Minimum investment starts at ₹500.
Available under Regular and Direct plans with Growth option only.
Classified under the Very High Risk category.
Conclusion
The draft filing outlines the investment strategy, asset allocation, benchmark, risk profile, and operational features of the proposed Abakkus Large & Mid Cap Fund. Investors interested in the scheme should watch for the official announcement of the New Fund Offer (NFO) dates after regulatory approvals.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.
