- You don’t want to put your savings in one place
- Now you don’t have to worry about investing in different segments
- You can invest in gold, equity, debt, domestic stock market and foreign stock market from one place.
- You will get this opportunity through Fund of Funds (FoF)
You do not want to put your savings in one place. So now you don’t have to worry about investing in different segments. You can invest in gold, equity, debt, domestic stock market and foreign stock market from one place. You will get this opportunity through Fund of Funds (FoF). It has been launched by the country’s leading mutual fund company ICICI Prudential Mutual Fund FoF.
Passive Multi Asset Fund
ICICI Prudential has named it as Passive Multi Asset Fund. This scheme will invest 25 to 65 of your total amount in the domestic stock market. A similar part will be invested in debt as well. Out of this, zero to 15 percent will be invested in gold, while 10 to 30 percent can be invested in foreign stocks. All this exposure or investment will be done through Exchange Traded Funds (ETFs).
what is passive route
Passive route is one where investors get the opportunity to invest at low cost in the long run. Chintan Hariya, Product Head, ICICI Prudential Mutual Fund says that this product is designed in an easy-to-understand manner for investors who want to invest in multi asset allocation through the passive route. Direct investment in this type of fund attracts very less charges. Sankaran Naren, chief investment officer (CIO), ICICI Prudential, says the allocation between equity and debt follows the model of in-house equity and debt valuation. The model performs well across different market cycles.
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Allocation in house on the model of market cap
He says that the allocation is done on the model of in-house market cap on the basis of all market capitalisations. This FoF can also invest in ETFs of other fund houses, which can be domestic and global ETFs. Coming to Global, it will invest in ETFs that track markets such as the US, China, Russia and Japan. Vishal Dhawan of Plan Ahead Wealth Advisors says retail investors often struggle with asset allocation. They struggle with where and when to invest or rebalance across asset classes. This product is very suitable for such investors where one stop solution is available. This is because all your goals are achieved through one product.
1000 can be invested
Passive Multi Asset Fund of Funds is monitored by experts. It is an innovative and affordable global ETF. The management team of this fund is a well established and well established team. One can invest in this NFO with a lump sum of Rs. This new fund will close on January 10.
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