OptiMix has launched an open-ended, diversified equity scheme. This scheme is based on the 'Manage the Manager' concept, the first of its kind in India.
The primary objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity-related securities accessed on the basis of mandate-based advice received from a panel of third party investment advisors. The latter are selected in accordance with the OptiMix Multi Manager Investment Process.
The underlying managers of the fund can be a PMS manager or a mutual fund manger.
Around 65-100% of the portfolio will be in equity and equity related instruments and 0-35% in debt and money market instruments and liquid and debt mutual fund schemes.
Snapshot
Scheme: Open-ended, diversified equity
Offer opened: March 7, 2007
Offer closes: March 30, 2007
Cost per unit: Rs 10
Minimum investment amount: Rs 5,000
Options: Dividend Reinvestment, Dividend Payout, Growth
Entry load: 2.5%
Exit load: Nil
Benchmark: S&P CNX Nifty