LIC Multi-cap Fund opens today: Should you invest?
LIC Mutual Fund has announced the launch of the new fund offer (NFO) for LIC Multi-Cap Fund (LMCF), the second scheme from the fund house in CY22. The fund manager will identify industry leaders across market caps having strong moats and scalable businesses and invest in such shares with a view to generate long-term capital appreciation. This ensures that the scheme can offer relatively better returns compared to flexi-cap schemes when the broader market is in a bull phase and small- and mid-cap stocks are doing well. After the SEBI dictate of investing minimum 25 percent each in large-, mid- and small-cap stocks kicked in, many fund houses realigned their portfolios of multi-cap schemes accordingly between November 2020 and February 2021. The NFO will close for initial subscription on October 20. Source - Money Control