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.
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.
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