Unifi MF Flexi Cap Fund NFO Deadline Extended To June 2; Details Here
If subscribers are opting for a systematic investment plan (SIP) under the Unifi Flexi Cap Fund, the minimum investment required is Rs 500 and in multiples of Re 1 thereafter.
Unifi Mutual Fund has announced that it is extending the new fund offer (NFO) period of its flexi cap fund till Jun. 2. The Unifi Flexi Cap Fund was earlier supposed to close on May 30. Unifi communicated the extension to its subscribers via an addendum on its official website.
As per Unifi’s addendum, “All the other provisions of the SID and KIM cum application form of the Scheme, except as specifically modified herein above, remain unchanged.” The scheme will reopen for repurchase and continuous sale on Jun. 12.
Unifi Flexi Cap Fund: Minimum Investment
If subscribers are opting for a systematic investment plan (SIP), the minimum investment required is Rs 500 and in multiples of Re 1 thereafter. For lumpsum investment, a minimum of Rs 5,000 is required.
Unifi Flexi Cap Fund: Who Can Subscribe
The scheme is suitable for subscribers who seek capital appreciation in the long term and those who want to invest in a diversified portfolio comprising equity and equity related instruments across market capitalization.
The fund has been marked as “very high risk” and the benchmark is Nifty 500 TRI.
The extension by Unifi on its NFO period aligns with the updated mutual funds regulations by the Securities and Exchange Board of India's (SEBI). Effective Apr. 1, these rules mandate asset management companies (AMCs) to deploy the money collected from NFOs within a specified period, usually 30 days. If the deployment does not take place within the specified period, investors can pull out from the scheme without paying an exit load.
This is the second product launch by Unifi MF after its Dynamic Asset Allocation Fund, which has an AUM of Rs 600 crore. The company aims to launch three funds in their initial phase.
About Unifi Flexi Cap Fund
The Unifi Flexi Cap Fund is an open-ended dynamic equity scheme that invests across small-cap, mid-cap and large-cap stocks. It follows the company’s Growth at a Reasonable Price (GARP) investment approach. With an investment horizon of three to five years, the fund aims to build a diversified portfolio of 50–70 equities. It also plans to capitalise on emerging opportunities by including tactical bets from the next 500–750 companies. The fund will select 75 per cent or more of its portfolio from Nifty 500.
Aejas Lakhani (Fund Manager – Equity), V. N. Saravanan (CIO & Fund Manager), Aman Reddy (Fund Manager – Foreign Investments) and Karthik Srinivas (Fund Manager – Debt) are the managers of the Unifi Flexi Cap Fund.
The fund will allocate 0-35 per cent in money market instruments and debt securities, 0-10 per cent in units issued by REITs & InvIT’s and 65-100 per cent in equities and equity-related instruments.
