NFO Alert: Mirae Asset Mutual Fund launches Mirae Asset Multi Asset Allocation Fund; all you need to know

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gold ETFs, silver ETFs, and exchange-traded commodity derivatives. The combination of asset classes has provided better investment experience over the years and the fund aims to capture the business cycle benefits of different assets over a period.

However, there is no assurance that the investment objective of the scheme will be achieved. Speaking on the NFO Launch Harshad Borawake, Fund Manager, Mirae Asset Investment Managers said, “A mix of asset class may act as a hedge due to which the market volatility could be managed better, Mirae Asset Multi Asset Allocation Fund aims to bring this investment experience to investors.

Such a product may be suited for Investors seeking to participate across diverse asset classes but want to do it under one scheme". Investors can invest under the scheme with a minimum investment of ₹5000 per plan/option and in multiples of Re 1.

There is no upper limit for investment. Under normal circumstances, the asset allocation of the scheme will be as follows:MinimumMaximumEquity & Equity related instruments 65%80%HighGold ETFs, Silver ETFs, Exchange Traded Commodity Derivatives (ETCDs)10%25%Medium to HighDebt securities (including securitized debt & debt derivatives), money market instruments (including Triparty REPO, Reverse Repo and equivalent)10%25%Medium to HighUnits of REITs & InvITs0% 10%Low to Medium To date, many asset management companies (AMCs) have launched such multi-asset funds, thus, allowing inclined investors to avail of returns corresponding to the total returns of the securities in this particular index.