Choice Mutual Fund has launched the Choice Large & Mid Cap Fund with its New Fund Offer (NFO) open from October 20 to November 3, 2026. According to reports from Choice Mutual Fund, units are priced at ₹10 each and the scheme will invest at least 35% each in large-cap and mid-cap stocks, with up to 30% available for small-cap stocks and other permitted instruments. The scheme is benchmarked against the Nifty Large Midcap 250 Total Return Index and offers daily and weekly systematic investment plans (SIPs) starting at ₹250. As reported by Choice Mutual Fund, CEO Ajay Kejriwal stated that this marks their entry into actively managed equity schemes after focusing on index funds previously. The fund employs the GVOTE framework to evaluate companies across five parameters: Growth, Value, Operating earnings, Trajectory and Excellence, with each company scored against sector peers through research and Investment Committee review.
Motilal Oswal Mutual Fund has launched the Motilal Oswal Multi Asset – Omni Fund of Funds, an open-ended fund of funds scheme investing in equity-oriented schemes, debt-oriented schemes, and gold and silver exchange-traded funds (ETFs). According to reports from Motilal Oswal Mutual Fund, the NFO opens for subscription on October 21, 2026, and closes on November 4, 2026. The scheme has no entry load and features an exit load of 1% if redeemed within 90 days from allotment, with nil exit load thereafter. The minimum subscription amount is ₹500, with additional investments permitted in multiples of ₹1. The scheme's performance will be benchmarked to 60% Nifty 500 TRI + 5% Domestic Prices of Gold + 5% Domestic Prices of Silver + 30% Nifty Short Duration Debt Index. The fund managers include Bhalchandra Shinde, Ajay Khandelwal, Swapnil Mayekar and Rakesh Shetty.
Nippon India Mutual Fund has filed offer documents with SEBI to launch two open-ended target-maturity index funds: the Nippon India CRISIL-IBX SDL-June 2037 Index Fund and the Nippon India CRISIL-IBX SDL-June 2032 Index Fund. As reported by Nippon India Mutual Fund, both schemes aim to generate returns corresponding to the total returns of their respective CRISIL-IBX SDL indices before expenses. The NFO price for each scheme is ₹10 per unit and both funds will have no entry or exit load and offer only the growth option. Each scheme seeks to collect a minimum target amount of ₹10 crore and the minimum application amount is ₹1,000, with additional investments permitted in multiples of ₹1.
Recent performance data shows that large & mid caps on average lost 3.53% in the last one year, while large caps on average lost 7.17% and mid caps gained 0.08% during the same period. According to market experts, SMIDs currently have a large alpha over large caps, making them potentially attractive for investors. However, Chirag Muni from Anand Rathi Wealth Limited notes that Nifty 50 is trading around 17% below its estimated fair value, while Nifty Midcap 150 is trading around 21% below, creating a potential entry point for long-term investors. The current market conditions present negative froth across segments, suggesting strong upside potential over the long term.
