Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold.
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The balance units in the scheme keep growing in line with the markets. Many retired individuals and senior citizens use this money to get a regular income and meet monthly expenses.
Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], February 14: Mirae Asset Mutual Fund announces India's first Multi factor-based ETF on Nifty Smallcap250 Index, 'Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF', an open-ended scheme replicating/tracking Nifty Smallcap 250 Momentum Quality 100 Total Return Index, and the 'Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund', an open-ended fund of fund scheme investing in units of Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF. Mirae Asset Mutual Fund aims to provide investors with sector-agnostic exposure within the smallcap category by leveraging a combination of factors. Business News | Mirae Asset Mutual Fund Forays into Smallcap Space Through Passive Offering.
The balance units in the scheme keep growing in line with the markets. Many retired individuals and senior citizens use this money to get a regular income and meet monthly expenses.
The scheme will be benchmarked against CRISIL Hybrid 50+50 – Moderate Index. The scheme will be managed by Alok Bahl (equity investments), and Utssav Modi (debt investments).
At least five fund houses including Sundaram, Bank of India, HSBC, Mirae and Bandhan have launched multi-asset funds over the past month. A multi-asset scheme invests across asset classes available in the markets. These are equity, debt and commodities.
The scheme is suitable for investors who are seeking low volatility in their portfolio and exposure to multiple asset classes with better returns. Also, investors may consider this fund as part of their allotment of emergency or contingency plans, due to the diverse nature of the fund.
When chasing diversification, hybrid funds are a great place to start. Decode the ins and outs of Balanced Advantage Funds and Aggressive Hybrid Funds to learn which mutual fund is right for you.