PPFAS Mutual Fund to launch conservative hybrid fund
By IANS |
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SEBI may issue norms for minimum holding in liquid assets for MFs. Image Source: IANS News
Chennai, May 5 : PPFAS Mutual Fund on Wednesday said it will launch Parag Parikh Conservative Hybrid Fund.
The scheme which opens on May 7 and closes May 21 aims to generate regular income through investments predominantly in debt and money market instruments.
The minimum investment shall be Rs 5,000 and in multiples of Re 1 thereafter. The scheme will reopen on 28 May 2021.
According to PPFAS, the proposed scheme also seeks to generate income and capital appreciation by investing a certain portion in equity, equity-related instruments, and Real Estate Investment Trusts / Infrastructure Investment Trusts (REITs/InvITs).