Abakkus Mutual Fund has filed offer document with SEBI to launch an open-ended fund named ‘ Abakkus Large & Mid Cap Fund’. The New Fund Offer price for units would be Rs 10 during the NFO. Entry load will be nil and Exit load will be 1% (No Exit Load is payable if Units are redeemed / switched-out after 6 months from the date of allotment.). The Scheme offers only Growth option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.The performance will be benchmarked against NIFTY Large Midcap 250 Total Return Index. The minimum application amount during NFO will be Rs 500 and in multiples of Re 1 thereafter.The investment objective of the scheme is generate long term capital appreciation through a portfolio predominantly invested in equity and equity related instruments of large cap and mid cap companies.