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PPFAS Mutual Fund has launched Parag Parikh Dynamic Asset Allocation Fund, an open-ended dynamic asset allocation fund. The NFO opens on February 20 and closes on February 22.
This fund is the sixth scheme by the fund house. Most of the schemes in the balanced advantage fund or dynamic asset allocation fund category are equity-oriented; however, this scheme will maintain the equity allocation between 35% and 65% to avail indexation benefits.
Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani and Mansi Kariya will co-manage the scheme.
In a press release, Neil Parag Parikh, Chairman and CEO of PPFAS MF said, "The fund is a unique offering which fills a gap in our product offering. Given the indexation benefit offered, investors could consider the scheme as a relatively tax-friendly option, meant for their debt allocation."
