- Offers focussed allocation, disciplined diversification at all time.
- Aims to invest in industry leaders and strong business across Large, Mid Small caps Macro-Based Valuation Check (an additional check) is a key differentiator for LICMF Multicap Fund to help avoid traps of overvaluation or bubbles without sacrificing growth opportunities in equity markets.
- NFO period: Thursday, 6th October 2022 to Thursday, 20th October 2022; LICMF Multicap Fund reopens for ongoing subscription from Wednesday, November 2, 2022.
LIC Mutual Fund today announced the launch of LICMF Multicap Fund (“LICMF Multicap”), an open-ended equity scheme, which would invest across all market capitalization categories.
LICMF Multicap Fund would invest a minimum of 25 per cent each in Large, Mid and Small Cap stocks, with the balance of 25 per cent providing flexibility to the fund manager to invest across market capitalization, at his discretion following a disciplined approach.
The New Fund Offer (NFO) opens on Thursday, October 6, 2022, and would close on Thursday, October 20, 2022. The scheme would reopen for ongoing subscription from Wednesday, November 2, 2022.
LICMF Multicap Fund will embed focused allocation of stocks with all the three market caps Large, Mid and Small thereby always offering a disciplined diversification.
The key differentiator for LICMF Multicap Fund would be its in-house developed Macro Based Valuation Check (MVC), adjusting the allocation of chosen stocks within the portfolio, in line with the evolving macro variables by taking into consideration – equity risk premium, interest rates and earnings growth.
The unique investment framework would calculate the adjusted market valuations by taking macro cues. It entails calculating lower-end and higher-end PE and arriving at an optimum portfolio-level PEG Band.
Speaking on the occasion, Mr T S Ramakrishnan, MDCEO of LIC Mutual Fund, said: “Disciplined diversification and focused allocation are the two aspects investors prefer.
LICMF Multicap Fund would precisely offer investors prudent and disciplined diversification across market caps and an opportunity to invest in those companies which have leadership position across market caps. The uniqueness of LICMF Multicap Fund would be, a unique investment checklist which aim to identify emerging leaders across all Market Caps.”
