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ICICI Prudential Mutual Fund launches an Investor Education campaign
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Using hybrid funds to ride market volatility
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The youthful bravado of Rishabh Pant, Mohammed Siraj and Washinton Sundar was nicely tempered and balanced by the experience and patience of Ajinkya Rahane, Cheteshwar Pujara and Ravichandran Ashwin during the Indian cricket team’s historic Test series win earlier this year. Therein lies the message that it is necessary to blend caution with aggression and respond appropriately based on the situation.
The same principle applies even while investing in mutual funds. I remember meeting a senior personnel of an international Asset Management Company (AMC) more than a decade ago. Over a leisurely lunch, he expressed his surprise at the relatively limited exposure Indian mutual fund investors had in hybrid mutual funds. I had opined that it was merely a matter of time before the transition would take place as the industry was evolving rapidly.
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05:08 Min | June 04, 2021, 8:48 AM IST
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Hi there, Good Morning. Welcome to ETMarkets Morning podcast, the show about money, business and markets. I am Sabari Saran. Let s start with the headlines first
Balanced Advantage Funds go light on pricey equity
Price trends signalling good times ahead for cement stocks
MFIs facing major rating downgrade
Damani, DMart on a real estate buying spree
PGIM India eyes Rs 500 cr from balanced advantage fund
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Last Updated: Jan 15, 2021, 03:59 PM IST
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Synopsis
The new fund, which is an open-ended dynamic asset allocation fund with a floor of minimum 30 per cent equity, closes on January 29, PGIM said.
PGIM India Mutual Fund on Friday launched its maiden balanced advantage fund from which it expects to garner at least Rs 500 crore.
The new fund, which is an open-ended dynamic asset allocation fund with a floor of minimum 30 per cent equity, closes on January 29, PGIM said.
This product tries to deliver reasonable downside protection and lower volatility, making it suitable for investors who are seeking capital appreciation over a long period and is categorized as equity-oriented scheme.
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