OptiMix Financial Planning Multi Manager FoF | Value Research OptiMix has come out with another scheme that looks at all types of funds in the market. The scheme is named Financial Planning Multi Manager Fund of Funds
Fund News

OptiMix Financial Planning Multi Manager FoF

OptiMix Financial Planning Multi Manager Fund of Funds Scheme is an open-ended FoF scheme consisting of six plans that shall invest in a diverse capitalisation range of equity funds, liquid funds, money market funds and debt funds (including income funds, gilt funds, floating rate funds, short-term funds, fixed maturity plans).
The primary objective is to provide long-term capital appreciation from a combined portfolio of equity and debt funds and money market securities.
There are six plans demarcated on the basis of equity allocation: Plan A (0-20 per cent equity), Plan B (0-30 per cent), Plan C (0-40 per cent), Plan D (0-50 per cent), Plan E (0-60 per cent) and Plan F (0-65 per cent). The balance will be allocated to debt. Money market securities in all the schemes will range from 0-10 per cent.
Each plan has a different entry load: 1 per cent (Plan A), 1.25 per cent (Plan B), 1.5 per cent (Plan C), 1.75 per cent (Plan D), 2 per cent (Plan E) and 2.25 per cent (Plan F). Applications above Rs 5 crore have no entry load.

The exit load for all plans is 1 per cent up to three years from date of allotment.

The benchmark stays constant for the various schemes but the weightage varies.


Plan S&P CNX Nifty Crisil Bond Index
A 20% 80%
B 30% 70%
C 40% 60%
D 50% 50%
E 60% 40%
F 65% 35%

Snapshot
Unit cost during NFO: Rs 10
Offer opened: October 30, 2006
Offer closes: November 28, 2006
Type of fund: Open-ended FoF scheme
Options: Dividend (reinvestment and payout), Growth
Minimum application amount: Rs 5,000



Other Categories