There are 3 stock categories as per market cap – large cap, mid cap and small cap. Market capitalisation is derived by multiplying the current market value of the listed stock with the number of its shares outstanding in the market.

They are categorised as follows:
- Large caps – 1st to 100th ranked stock in terms of market cap
- Mid-caps – 101st to 250th ranked stock in terms of market cap
- Small caps – All other listed stocks beyond 250th rank

A multi-cap fund is an equity-oriented fund that invests across market caps as follows:

- Minimum 25% allocation to large caps
- Minimum 25% allocation to mid-caps
- Minimum 25% allocation to small caps

At least 80% of portfolio must be invested in equity

This fund invests a minimum of 80% of its portfolio in equity instruments. As all multi-cap funds, it must maintain the minimum 25% in each market cap allocation category.

The benefits of investing include:

- Diversification across market caps, even at low minimums
- A mix of established large caps (with lower volatility) and emerging, likely high growth mid and small caps (albeit at higher volatility)
- Fund manager expertise to select mix of stocks
- Tax efficient, long term investment avenue

You should invest in this fund if you are looking for long term capital growth through a portfolio of stocks diversified across market caps and across sectors

The fund offers a direct plan and a regular plan.
A direct plan is one in which investors invest in the fund directly through ABSL and not through a distributor. The expense ratio of a direct plan fund is lower.
A regular plan is one in which investors’ investment in the fund are routed through a broker or distributor. The expense ratio of a regular plan fund is higher.

Each plan will also have following options:
Growth Option – Under this, returns of the fund are reinvested in the fund itself. These will reflect in the increase in NAV of the fund.

Income Distribution cum Capital Withdrawal (“IDCW”) Option
(Payout of IDCW/ Reinvestment of IDCW/ IDCW Sweep Facility) ^
Under this, returns of the fund are distributed to investors as IDCW Investors can opt for IDCW pay out or IDCW reinvestment wherein they purchase more units of the fund with the income distributed.

^the amounts can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains Note: IDCW is declared subject to the availability of distributable surplus as computed in accordance with SEBI Regulations. It must be distinctly understood that actual declaration of IDCW and frequency thereof is at the discretion of trustees. There is no assurance or guarantee to Unitholders as to the rate of IDCW distribution nor that the IDCW will be paid regularly.

An expense ratio is determined to cover fund management and other administrative costs of the fund. The expense ratio is as per prescribed limits, regulated by SEBI.
The fund does not have any entry load. Exit load is only applicable in case of redemption of units within 90 days of allotment – 1% of NAV applicable in such cases. If units are held beyond 90 days, no exit load is charged.

No, having a demat account is not necessary for investing in this fund.

• Fresh Purchase (Incl. Switch-in): Minimum of Rs. 500/- and in multiples of Re. 1/- thereafter
• Additional Purchase (Incl. Switch-in): Minimum of Rs. 500/- and in multiples of Re. 1/-thereafter
• Repurchase for all Plans/Options: In Multiples of Rs. 1/- or 0.001 units.