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Two fund houses – Bandhan MF and Mirae Asset MF have launched their multi asset funds. The NFO of both the schemes open on Jan 10 and close on Jan 24.
Bandhan Mutual Fund
Bandhan Mutual Fund has launched Bandhan Multi Asset Allocation Fund, an open-ended scheme that will invest across multiple assets classes - Indian equities, international equities, arbitrage, fixed income, gold and silver.
In a press release, Vishal Kapoor, CEO, Bandhan MF said, “Asset Allocation helps investors avoid behavioural pitfalls, such as market timing and performance chasing which can result in shorter holding periods, portfolio imbalances and eventually sub-optimal returns. Seasoned investors recognise that no single asset class has been a winner for consecutive periods, and hence, diversifying across asset classes brings greater stability and consistency of returns. The fund is crafted to offer investors a sophisticated, transparent and effective way to achieve a well-diversified portfolio investing in 5 major asset classes and across 13 sub-asset classes. By expertly integrating major asset classes into a single well-curated fund, the fund aims for potential long-term growth, with relatively lower volatility. Investors seeking a long-term well-rounded portfolio for relatively stable returns may find this very attractive."
The fund will invest 50% in Indian equities, 15% in international equities, 15% in hedged arbitrage strategies, 10% in fixed income and 10% in domestic gold and silver.
Overall, the fund will have equity taxation as it will invest 65% in equity and equity arbitrage.
Mirae Asset Mutual Fund
Mirae Asset Mutual Fund has launched Mirae Asset Multi Asset Allocation Fund, an open-ended scheme investing in equity, debt & money market instruments, gold
ETFs, silver ETFs and exchange traded commodity derivatives.
Harshad Borawake and Amit Modani will co-manage the equity and debt allocation. Also, Siddharth Srivastava will manage the overseas investments portion and Ritesh Patel will oversee the commodity investments.
In a press release, Swarup Anand Mohanty, Vice Chairman & CEO, Mirae Asset Investment Managers (India) said, “Investors primary concern is riding volatility and wealth creation, that may be achieved with combination of assets, it may help an investor get away with the hassle of predicting which asset class will do well & allows the combination which may work in much more consistent manner. Multi Asset aims to solve the Jigsaw Puzzle of Volatility.”
Harshad Borawake, Fund Manager, Mirae Asset Investment Managers (India) said “A mix of asset class may act as a hedge due to which the market volatility could be managed better, the fund aims to bring this investment experience to investors. Such a product may be suited for Investors seeking to participate across diverse asset classes but want to do it under one scheme.”
