Hi
This is closed ended Mid cap oriented scheme, So expected returns are excellant, Though I am not a fan of NFO in MF but still seeing the AMC and objectives of the investment I would like to recommand this to subscribe.
one more reply the earlier reply by Alok : What is means by "it is a 3 year lock-in fund."
Let me clarify, This is not an lock-in period of three years, There is difference between close ended and Lockin period.
Lockin Period is applicable for ELSS schemes only, Not in close ended schemes, During this lockin period no one allows to withdrawn the money in any condition. Only if the investor is died then his nominee can withdrawn the money before maturity. Even AMC's can not able to open the scheme for sell
In Case of close ended funds AMC has the rights to open the schemes for buy or sell. In the Many AMC opened there close ended schemes even within years for buy or sell with chargeing the higher Entry/Exit load, Generally these schems gets open for short duration if they open and again closed for the buy and sell..
I guess you understood the difference between Lock-in and closed ended schems
Pawan