The scheme will be managed by Cheenu Gupta (for equity investments), Dipan Parikh (for gold/silver ETFs), Mahesh Chhabria (for debt investments), and Sonal Gupta (for foreign investments). It will be benchmarked against S&P BSE 200 TRI (65%) + Nifty Short Duration Debt Index (20%) +Domestic Price of Gold (10%) +Domestic Price of Silver (5%).
Financial planners believe first-time equity investors can consider aggressive hybrid funds, which offer exposure to equity and debt. These funds provide an automatic asset allocation solution, with equity allocation being pruned and moved to debt when necessary. Aggressive hybrid funds are taxed as equity funds, making them advantageous for investors in higher tax brackets.
Changes have been effected at prominent schemes such as ICICI Prudential Balanced Advantage, ICICI Prudential Liquid, and ICICI Prudential Multi-Asset Fund, among others.
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