The scheme will be benchmarked against CRISIL Hybrid 50+50 – Moderate Index. The scheme will be managed by Alok Bahl (equity investments), and Utssav Modi (debt investments).
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.
The scheme is suitable for investors who are seeking low volatility in their portfolio and exposure to multiple asset classes with better returns. Also, investors may consider this fund as part of their allotment of emergency or contingency plans, due to the diverse nature of the fund.
When chasing diversification, hybrid funds are a great place to start. Decode the ins and outs of Balanced Advantage Funds and Aggressive Hybrid Funds to learn which mutual fund is right for you.