On April 22, Mirae Asset Mutual Funds launched its first open-ended Equity Focused Fund titled Mirae Asset Focused Fund. The scheme is an open-ended equity plan, allowing investments in up to 30 stocks with a flexibility to invest across focus in large cap, mid cap and small cap categories (i.e. multi-cap style) and across sectors. The NFO of the fund, which opens on April 23 and closes on May 7, 2019 aims to build strong growth companies, reflecting Mirae’s most attractive investment ideas.