Fund News

Optimix Active Debt Multi Manager FoF

The investment objective of the fund is to generate returns through pure debt-oriented funds by capitalising on the diversified investment styles of the underlying schemes.

The fund will primarily invest in debt funds which include income funds, gilt funds, floating rate funds, short term funds, fixed maturity plans and liquid funds.

The debt funds will be selected through the Optimix multi manager approach. The scheme has stated various quantitative techniques to gauge the performance of different schemes- risk reward ratio, correlation of returns, tactical asset allocation, and active manager allocation.

Mugunthan Siva, the fund manager, has worked with Optimix (Australia), Westpac Bank and Macquarie Bank.

Snapshot
Unit cost during NFO: Rs 10
Type of fund: Open-ended
Options: Growth, Dividend payout
Minimum investment: Rs 5000
Benchmark: Crisil Composite Bond Fund Index
Fund Manager: Mugunthan Siva
Offer opened: December 8, 2006
Offer closes: December 21, 2006


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