Microcaps are identified as top 250 companies in terms of total market capitalization after Nifty 500 companies, as identified by NSE. The microcap segment represents 3% of overall listed market capitalization. Such companies are typically agile, cater to niche markets, have company specific risks and primarily driven by promoters.
1%- If redeemed on or before 15 days from the allotment date. Nil- If redeemed after 15 days from the allotment date.