PPFAS Mutual Fund announced the launch of the Parag Parikh Dynamic Asset Allocation Fund. The scheme opened for public subscription on February 20, 2024, and will close on February 22, 2024.
Bandhan US Treasury Bond 3-7 year FoF, and Quantum Multi Asset Allocation Fund are already open for subscription, whereas Parag Parikh Dynamic Asset Allocation Fund, and Mahindra Manulife Multi Asset Allocation Fund will open on February 20.
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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.