Chennai: IDFC Mutual Fund has announced the launch of Multi Cap Fund, an open-ended equity scheme aiming to create wealth over the long term by investing in a portfolio of large cap, mid cap and small cap equity and equity-related securities.
According to a press note, the fund will also aim to benefit from allocationsto tactical investment opportunities like IPOs, new-age businesses, international equities andtactical cash positions.
The new fund offer will open for subscription on 12 November and close on 26 November.