Carnelian MF to launch Small Cap Fund

Mumbai, Oct 15 (UNI) Carnelian Mutual Fund will launch its Carnelian Small Cap Fund on October 16, with the New Fund Offer (NFO) closing on October 30, 2026, according to a statement. The open-ended equity scheme will predominantly invest in small-cap stocks and seek long-term capital appreciation through a focused, research-led investment approach. The scheme will have a cap of Rs 5,000 crore, subject to the terms of its offer documents, to preserve portfolio flexibility and maintain investment selectivity as assets grow. Subscriptions and redemptions will resume on November 13. The fund plans to build a portfolio of around 30-50…