Mutual fund investment: Parag Parikh Mutual Fund, Motilal Oswal Mutual Fund, and WhiteOak Capital Mutual Fund have filed draft documents for new funds in the past week
The scheme will invest 0-100% in equities and equity related instruments including derivatives, 0-100% in debt securities and money market instruments including margin money deployed in derivatives transactions and units of debt oriented mutual fund schemes, and 0-10% in units issued by REITs and InvITs.
Dynamic Asset Allocation or Balanced Advantage Fund is one of the most popular categories in the Rs 50 trillion Indian mutual fund industry with the category’s total assets under management at Rs 2.22 trillion.