
Chola Mutual Fund today announced the launch of its Multi-Cap Fund. The fund would invest in equity and equity related instruments across all ranges of market capitalisation. Chola Multi-Cap Fund would provide added diversification by investing in a mix of large caps, mid cap and small cap stocks. The large- and mid-cap exposure will be maintained between 25 to 75 per cent, while exposure to small-cap stocks would not exceed 15 per cent.
The initial public offer for Chola Multi-Cap Fund is open from December 14, 2004, to January 10, 2005.