Equity Multi Cap Fund launched

Mumbai, June 19: The Mutual Fund (MF) arm of Essel Finance Management (EFM), one of India’s leading private financial services firm from the USD10-billion conglomerate Essel Group launched ‘Essel Multi Cap Fund’, the first equity fund under the Essel brand. The fund is an open ended equity scheme investing across large cap, mid cap, small cap stocks, a press release stated.

Rajiv Shastri, the Executive Director and CEO of Essel Mutual Fund said, “We have almost tripled our Assets Under Management (AUM) after the change of our name to Essel Mutual Fund. Our aim is to have an AUM of around Rs 10, 000 crore in the next 12 months. To achieve the same, we have lined up four to five New Fund Offer (NFO) launches this year and also will grow AUM of our existing funds. Our new Multi Cap Fund is the second one this year.”

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Sentinel Assam