News16 October 2026
Carnelian Mutual Fund launches Carnelian Small Cap Fund
NFO period: 16th Oct - 30th Oct, 2026
Highlights of the NFO:
- Scheme type - An open ended equity scheme predominantly investing in small cap stocks.
- Investment objective - The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related securities of Small Cap companies. There is no assurance that the investment objective of the Scheme will be achieved.
- Product suitability - This product is suitable for investors who are seeking to generate capital appreciation over the long term. Investment in equity and equity related instruments of small cap companies.
- Minimum Application Amount - Rs. 500/- and in multiples of Re.1 thereafter
- Plan/ Options available - Regular plan & Direct plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of Income Distribution cum capital withdrawal option and Reinvestment of Income Distribution cum capital withdrawal option).
- Fund Managers - Mr. Deepak Malik & Mr Viraj Parekh
- Benchmark - NIFTY SmallCap 250 TRI
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
This is a summary of a public announcement, shared for information. It is not a recommendation, and Renuka Investments may not distribute every scheme mentioned. Mutual fund investments are subject to market risks. Read all scheme related documents carefully.