Parag Parikh Dynamic Asset Allocation Fund NFO opens today. Key things to know before you invest
Parag Parikh Dynamic Asset Allocation Fund, an open-ended dynamic asset allocation fund.
The new fund offer or NFO of the scheme is open for subscription and it will close on February 22. The scheme will re-open for continuous sale and repurchase on February 28.
The investment objective of the scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, and fixed-income instruments. The allocation between equity instruments and fixed income will be managed dynamically to provide investors with long-term capital appreciation while managing downside risk.
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The scheme will be benchmarked against the CRISIL Hybrid 50+50 Moderate Index and will be managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, and Mansi Kariya.
Investors looking for twin engines of quality and growth.
It will invest 0-100% in equity and equity derivatives, 0-100% in debt securities, and money market instruments including units of debt-oriented mutual fund schemes.
The minimum application amount is Rs 5,000 and any amount thereafter, while the minimum application amount for additional purchase is Rs 500 and any amount thereafter.
The minimum application amount for monthly SIP is Rs 1,000 and the minimum application amount for quarterly SIP is Rs 3,000 and any amount thereafter. The scheme will offer direct and regular plans both with growth and IDCW options.
For equity portfolio,
