The scheme will be benchmarked against 45% NIFTY 500 TRI + 40% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold + 5% Domestic Price of Silver. It will be managed by Renjith Sivaram Radhakrishnan (equity), Rahul Pal (debt) and Pranav Nishith Patel (dedicated fund manager for overseas investment).
Bandhan US Treasury Bond 3-7 year FoF, and Quantum Multi Asset Allocation Fund are already open for subscription, whereas Parag Parikh Dynamic Asset Allocation Fund, and Mahindra Manulife Multi Asset Allocation Fund will open on February 20.
Mahindra Manulife Mutual Fund launches 'Mahindra Manulife Multi Asset Allocation Fund' uniindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from uniindia.com Daily Mail and Mail on Sunday newspapers.
Mahindra Manulife Multi Asset Allocation Fund is an open-ended scheme investing in equity, debt, gold/silver/ Commodity Exchange Traded Funds (ETFs) and Exchange Traded Commodity Derivatives.