Fund News

Multi Manager Equity Fund

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


Ask Value Research aks value research information

No question is too small. Share your queries on personal finance, mutual funds, or stocks and let us simplify things for you.


Other Categories

Informed fund ideas, better judgment. Every month. Mutual Fund Insight, every month since October 2002.

Take charge. Know more. Keep more. Mutual Fund Insight helps you do all three — every month