Union KBC MF introduces Small and Midcap Fund

Union KBC Mutual Fund has launched the New Fund Offer (NFO) of Union KBC Small and Midcap Fund, a close ended income scheme. The NFO opens for subscription on May 20, 2014 and closes on Jun 03, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter. The scheme’s performance will be benchmarked against S&P BSE Midcap Index and its fund manager is Ashish Ranawade. The investment objective of the scheme is to achieve long term capital appreciation by investing in a portfolio consisting of equity and equity related securities, predominantly of small and midsized companies.