Financial Literacy News: Many investors tend to keep money idle in savings bank accounts to meet near-term goals like paying school /college fees, vacation, or buying electron
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.
PGIM India Mutual Fund announced the launch of the PGIM India Large and Midcap Fund. The scheme opened for public subscription on January 24, 2024, and will close on February 07, 2024.
Multi asset allocation is a relatively less volatile vehicle compared to aggressive hybrid equity schemes, and it also offers indexation benefits in case the equity allocation is maintained between 35 percent and 65 percent.
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