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.
Quantum Multi Asset Allocation Fund is already open for subscription, whereas Parag Parikh Dynamic Asset Allocation Fund, and Mahindra Manulife Multi Asset Allocation Fund will open on February 20.
Quantum Mutual Fund on Monday launched Quantum Multi Asset Allocation Fund, an open-ended scheme investing in equity and equity-related instruments, debt and money market instruments, and gold-related instruments.
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.
The fund house already has Quantum Multi Asset Allocation Fund of Funds which has AUM of Rs 53 crore and invests in various schemes of Quantum mutual fund that feeds into gold, bond and equity funds.