The mutual fund, Select Micro Cap Series VI launched by Sundaram Asset Management Company, is for a 42-month period and 75 per cent of the corpus fund will be invested in Indian growth stocks.
The fund will focus on capital appreciation by investing predominantly in equity-related instruments of companies that can be termed as micro-caps, a Times of Oman report said.
"A company whose market capitalization is equal to or lower than that of the 301st stock by market cap on the National Stock Exchange (NSE) at the time of investment will be considered to be in micro-cap category," head of Sundaram Asset Management Company, Middle East and Africa Region, Ramesh Krishnamurthy said.
Krishnamurthy said a minimum of 65 per cent will be invested in micro-cap companies, 35 per cent in other equity and equity-related securities, fixed income securities and money market instruments.
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The government is focused on developing infrastructure, which will support growth.
He said the uncertainties that haunted the market in the past are not there.