Mirae Asset Multi Asset Allocation Fund NFO: Key details you need to know

11 Jan 2024 , 03:34 PM

Mirae Asset Mutual Fund is launching NFO under its “hybrid category”, named as Mirae Asset Multi Asset Allocation Fund. The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in equity and equity related securities, Debt and money market instruments, Gold ETFs, Silver ETFs and Exchange Traded Commodity Derivatives.

Investment strategy: The scheme seeks to benefit from the low correlation among these asset classes with a view to provide risk adjusted returns. The allocation in various asset classes would be decided based on the fund manager’s outlook on the prevailing market conditions, macro-economic conditions and business environment.

Asset allocation: The scheme will be actively investing in equity, debt & money market instruments, Gold ETFs, Silver ETFs and exchange traded commodity derivatives.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in equity and equity related securities, Debt and money market instruments, Gold ETFs, Silver ETFs should invest in Mirae Asset Multi Asset Allocation Fund. 

Risk associated: Very high level of risk.

Benchmark: Nifty 500 Multicap 50:25:25 TRI.

Fund Managers: Mr. Harshad Borawake, Mr. Amit Modani, Mr. Siddharth Srivastava, Mr. Ritesh Patel

The NFO is available for subscription from January 10 to January 24. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Mirae Asset Multi Asset Allocation Fund.