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.
Hybrid funds invest in both equity and debt with the goal of balancing risk and reward, and optimizing investment returns. The tax treatment of equity-oriented hybrid schemes is similar to that of equity schemes
Mahindra Manulife Mutual Fund announced the launch of the Mahindra Manulife Multi Asset Allocation Fund. The scheme opened for public subscription on February 20, 2024, and will close on March 05, 2024.
Bank of India Mutual Fund announced the launch of the Bank of India Multi Asset Allocation Fund. The scheme opened for public subscription on February 07, 2024, and will close on February 21, 2024.