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Quantum Multi Asset Allocation Fund
Quantum Mutual Fund launches – Quantum Multi Asset Allocation Fund
It is an open-ended scheme investing in equity & equity related instruments, debt & money market instruments and gold related instruments.
Accordingly, investment objective of the Scheme is to generate long term capital appreciation / income by investing in Diversified portfolio of Equity & Equity Related Instruments, Debt & Money Market Instruments and Gold Related Instruments. There is no assurance that the investment objective of the scheme will be achieved.
Under normal circumstances, Quantum Multi Asset Allocation Fund will hold an allocation of 35% to 65% in Equity & Equity Related Instruments, 25% to 55% in Debt and Money Market Instruments and 10% to 20% in Gold Related Instruments.
[Read: How a Multi-Asset Fund Can Protect Your Portfolio at a Market High]
As per the Scheme Information Document, Quantum Multi Asset Allocation Fund will predominantly invest in securities of Nifty 50 Index. The Portfolio / Investment Team while investing in other securities in addition to Nifty 50 Stocks will follow the following fundamental and governance criteria amongst others: a) Sound Management b) Robust Business Model c) Good track record of the company d) Potential for future growth e) Industry and economic scenario.
The scheme will follow a combination of top down and bottom-up approach to stock-picking and choose companies across sectors which have the potential to provide growth at reasonable valuations.
Quantum Multi Asset Allocation Fund’s performance will be benchmarked against NIFTY 50 TRI (40%) + CRISIL Short Term Bond Fund AII Index (45%) + Domestic Price of Gold (15%)
The scheme will be managed by Mr Chirag Mehta and Mr Pankaj Pathak.
The NFO opens for subscription on February 19, 2024 and closes on March 01, 2024. The schemes will reopen for continuous sale and repurchase on March 13, 2024.
The minimum subscription amount is Rs 5,000/- and in multiples of Re.1/- thereof.
The scheme offers Regular Plan and Direct Plan each plan offers Growth option and Income Distribution cum capital withdrawal Option (IDCW).
Mahindra Manulife Multi Asset Allocation Fund
Mahindra Manulife Mutual Fund launches – Mahindra Manulife Multi Asset Allocation Fund
it is an open-ended scheme investing in equity, debt, gold/silver exchange traded funds (ETFs) and exchange traded commodity derivatives.
Accordingly, investment objective of the Scheme is to seek to generate long-term capital appreciation and income by investing in equity and equity related securities, debt & money market instruments, Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time. However, there can be no assurance that the investment objective of the Scheme will be achieved
Under normal circumstances, Mahindra Manulife Multi Asset Allocation Fund will hold an allocation of 35% to 80% in Equity & Equity Related Instruments, 10% to 55% in Debt and Money Market Securities (including TREPS (Tri-Party Repo) and Reverse Repo in Government Securities), 10% to 30% in Units of Gold/Silver ETFs & other Gold and Silver related instruments (including Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time and 0% to 10% in Units issued by REITs & InvITs.
[Read: Asset Allocation: The Cornerstone of Successful Investing]
As per the Scheme Information Document, Mahindra Manulife Multi Asset Allocation Fund proposes to invest across asset classes in line with the asset allocation mentioned with an aim of generating long term capital appreciation.
The actual percentage of investment in asset classes will be decided after considering the prevailing market conditions, the macroeconomic environment (including interest rates and inflation), the performance of the corporate sector, the equity markets and general liquidity and other considerations in the economy and markets.
Mahindra Manulife Multi Asset Allocation Fund’s performance will be benchmarked against 45% NIFTY 500 TRI + 40% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold + 5% Domestic Price of Silver (First Tier Benchmark)
The scheme will be managed by Mr Renjith Sivaram Radhakrishnan, Mr Rahul Pal and Mr Pranav Nishith Patel.
The NFO opens for subscription on February 20, 2024 and closes on March 05, 2024. The schemes will reopen for continuous sale and repurchase on March 15, 2024.
The minimum subscription amount is Rs 1,000/- and in multiples of Re.1/- thereof.
The scheme offers Regular Plan and Direct Plan each plan offers Growth option and Income Distribution cum capital withdrawal Option (IDCW).