A slew of new fund offers – time to take a deep look - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Multi asset allocation funds are the funds that invest in at least three asset classes with a minimum allocation of at least 10% each in all three asset classes.
At least five fund houses including Sundaram, Bank of India, HSBC, Mirae and Bandhan have launched multi-asset funds over the past month. A multi-asset scheme invests across asset classes available in the markets. These are equity, debt and commodities.
Bandhan Mutual Fund announced the launch of the Bandhan Multi Asset Allocation Fund. The scheme opened for public subscription on January 10, 2024, and will close on January 24, 2024.