Published On Aug 2, 2023
What Are Micro Cap Funds? | Risks in Micro Cap Funds
There is no formal definition of Microcap Funds, defined by SEBI. Therefore, investors who wanted to access this market segment had to buy Micro Cap Stocks directly. Motilal Oswal AMC announced India’s first micro-cap fund, Motilal Oswal Nifty Microcap 250 Index Fund. The launch of the Motilal Oswal Nifty Microcap 250 Index Fund had sparked a lot of excitement in the mutual fund industry. The Nifty Microcap 250 index consists of the 250 smallest companies that are not part of the NSE 500. The average market cap of companies in the Nifty Microcap 250 Index is Rs 3,710 crores, while the average free float is only Rs 1,490 crores.
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