Carnelian Small Cap NFO raises ₹632cr from 30,562 applications
Carnelian Mutual Fund just wrapped up its first-ever Small Cap Fund NFO, raising a solid ₹632 crore from 30,562 applications.
What's cool is that 21% of folks went for systematic investment plans (SIPs), hinting at growing interest in steady investing.
Carnelian Mutual Fund 65-100% small-cap allocation
The fund will invest mostly in small-cap stocks, between 65% and 100% of its assets.
There's a ₹5,000 crore cap, after which only SIPs are allowed.
Investors came from all over India, with nearly half the applications coming from beyond the top 30 cities.
Founder and Chairman Vikas Khemani highlighted that solid research and understanding of company fundamentals are key to making the most of opportunities here.
Units are allotted on November 5, and you can start buying or redeeming again on November 9.