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Carnelian Mutual Fund to Launch Small-Cap Fund on October 16 with ₹5,000 Crore Cap
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CNBC TV18•15-10-2026, 16:38
Carnelian Mutual Fund to Launch Small-Cap Fund on October 16 with ₹5,000 Crore Cap
- •Carnelian Mutual Fund's open-ended Carnelian Small Cap Fund opens on October 16 and closes on October 30.
- •The scheme has set a strict investment cap of ₹5,000 crore to maintain flexibility in portfolio construction as it grows.
- •It aims for long-term capital appreciation by investing in 30 to 50 small-cap companies benchmarked against the Nifty Smallcap 250 Total Return Index.
- •The minimum investment during the NFO is ₹500, with both Direct and Regular plans offering Growth and IDCW options.
- •The fund will be managed by Deepak Malik and Viraj Parekh, utilizing the proprietary CLEAR framework for rigorous stock screening.
Key Questions Answered
The open-ended Carnelian Small Cap Fund NFO will launch on October 16 and close on October 30, with subscriptions and redemptions scheduled to reopen on November 13, 2026.
The scheme has been set with an investment cap of ₹5,000 crore to maintain portfolio flexibility. The minimum investment during the NFO is ₹500, with subsequent investments in multiples of ₹1.
The fund will be managed by Deepak Malik and Viraj Parekh, and it will be benchmarked against the Nifty Smallcap 250 Total Return Index (TRI).
