Multi-asset funds are allowed to invest in various asset classes equity, debt, gold, silver, commodities, international equities, futures & options, real estate investment trusts, infrastructure investment trusts, etc.
The change in debt fund taxation earlier this year has nudged fund houses like Kotak Mutual Fund to launch asset allocation funds with an equity tax advantage. The funds invest in multiple asset classes and then switch between them, depending on the fund manager’s strategy to ride market volatility and opportunities it presents.
Kotak Quant Fund NFO: Only for select investors moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Nippon India Small Cap fund, despite its larger asset size, has done exceedingly well. It is suitable only if have a stomach to high risk appetite and a time horizon of 10 years and more