Suggested InvestmentHorizon: >3 years
Time taken to doublemoney: N.AAshish Naik and Hitesh Das will manage the scheme and the fund will be benchmarked against the Nifty 500 TRI. The new fund offer closes on December 18.
“Disruption caused due to Covid-19 itself will present many opportunities in areas like technology, pharma and many other areas,” said Rupesh Bhansali, head (distribution), GEPL Capital. He believes the fund is for investors who understand such themes and first-time investors would be better off in plain vanilla diversified equity funds.
Since the fund is thematic, financial planners feel the portfolio will be concentrated. Given high investor interest in disruptors, the valuations of many such companies will be high. The business could take longer to generate profits leading to volatile price movements in the near term.