While most mutual fund schemes in the balanced advantage or dynamic asset allocation categories are equity-oriented, this scheme will maintain the equity allocation between 35% and 65% to make it eligible for the indexation benefits announced by the government in the Union budget for 2023-24.
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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.
Unless there is a completely new investment strategy or new geography, a retail investor should go with an existing fund with a proven track record rather than choose a new fund
Parag Parikh Dynamic Asset Allocation Fund (DAAF) is the sixth scheme by PPFAS Mutual Fund. The new fund offer (NFO) will be available for subscription from February 20, 2024, to February 22, 2024.