The fund was launched on February 20, 2024, and will remain open for subscription till February 22, 2024
It aims to generate income and long-term capital appreciation by investing in equity, equity derivatives and fixed-income securities
It will predominantly invest in debt and maintain an equity allocation between 35 and 65%
Yes. Although it’s a dynamic asset allocation scheme, the fund’s greater allocation to debt will provide investors with indexation benefits
Rajeev Thakkar, the chief investment officer, will be helming the scheme, along with Raunak Onkar, Rukun Tarachandani, Raj Mehta and Mansi Kariya
With its static equity allocation, this fund is a suitable investment option for risk-averse investors. However, it’s best to wait and see how it performs before investing.