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OptiMix FoF Gets SEBI's Nod

OptiMix has got the SEBI approval to launch the OptiMix Income Growth Multi-Manager FoF, a hybrid fund of funds. This will be the first mutual fund scheme to be launched in India by Optimix, which is known for its multi-manager fund offerings.

The fund would invest in a portfolio of debt funds, liquid funds and equity funds. As per the offer document filed with SEBI, the fund would offer two plans--a 15 per cent equity plan and a 30 per cent equity plan. Both the plans would allocate the stated percentage of their assets to equities while investing the remaining in debt and liquid funds.