Four mutual fund NFOs or new fund offers will open for subscription this week. Two multi-asset allocation funds, a dynamic asset allocation fund, and a fund of funds (overseas) will open for subscription, according to data by ACE MF.
Bandhan US Treasury Bond 3-7 year FoF, and Quantum Multi Asset Allocation Fund are already open for subscription, whereas Parag Parikh Dynamic Asset Allocation Fund, and Mahindra Manulife Multi Asset Allocation Fund will open on February 20.
Bandhan US Treasury Bond 3-7 year FoF
Bandhan US Treasury Bond 3-7 year FoF is an open-ended fund of funds scheme investing in units/shares of overseas index funds and/or exchange-traded funds which track an index with US treasury securities in 3-7 year maturity range as its constituents.The NFO of the scheme is open for subscription and will close on February 27.
The scheme will be benchmarked against the ICE US Treasury 3-7 Year Bond Index. The scheme will be managed by Sreejith Balasubramanian (overseas investment) and Brijesh Shah (debt investments).
The minimum application amount is Rs 1,000 and in multiples of Re 1 thereafter. The scheme will invest 95-100% in units/shares of overseas index funds and/or ETFs which invest in securities of an index with US treasury securities in the 3-7 year maturity range as its constituents and 0-5% in debt securities, money market instruments, and/or units of debt and liquid schemes.
Quantum Multi Asset Allocation Fund
Quantum Multi Asset Allocation Fund is an open-ended scheme investing in equity and equity-related instruments, debt and money market instruments and gold-related instruments.
The new fund offer or NFO of the scheme is open for subscription and will close on March 1.
The scheme 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 Chirag Mehta and Pankaj Pathak.
The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.
The scheme will allocate 35-65% in equity and equity-related instruments, 25-55% in debt and money market instruments, and 10-22% in gold-related instruments.
Parag Parikh Dynamic Asset Allocation Fund
Parag Parikh Dynamic Asset Allocation Fund is an open-ended dynamic asset allocation fund.
The new fund offer or NFO of the scheme will open for subscription on February 20 and February 22. The scheme re-open for continuous sale and repurchase on February 28.
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.
The minimum application amount will be Rs 5,000 and any amount thereafter. The minimum application amount for additional purchase will be Rs 500 and any amount thereafter.
The minimum application amount for monthly SIP will be Rs 1,000 and any amount thereafter. The minimum application amount for quarterly SIP will be Rs 3,000 and any amount thereafter.
Mahindra Manulife Multi Asset Allocation Fund
Mahindra Manulife Multi Asset Allocation Fund is an open-ended scheme investing in equity, debt, gold/silver exchange-traded funds (ETFs) and exchange-traded commodity derivatives.
The NFO of the scheme will open for subscription on February 20 and will close on March 5.
The scheme will be benchmarked against 45% NIFTY 500 TRI + 40% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold + 5% Domestic Price of Silver. The scheme will be managed by Renjith Sivaram Radhakrishnan (equity investments), Rahul Pal (debt investments), and Pranav Nishith Patel (overseas investments).
The minimum application amount is Rs 1,000 and in multiples of Re 1 thereafter.
The scheme will invest 35-80% in equity and equity-related instruments, 10-55% in debt and money market securities (including TREPS (Tri-Party Repo) and reverse repo in government securities, 10-30% in units of gold/silver ETFs and other gold and silver related instruments (including Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time, and 0-10% in units issued by REITs & InvITs.
