Quantum Multi Asset Allocation Fund is already open for subscription, whereas Parag Parikh Dynamic Asset Allocation Fund, and Mahindra Manulife Multi Asset Allocation Fund will open on February 20.
Parag Parikh Dynamic Asset Allocation Fund (DAAF) is the sixth scheme by PPFAS Mutual Fund. The new fund offer (NFO) will be available for subscription from February 20, 2024, to February 22, 2024.
The objective of the scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, and fixed-income instruments. The allocation between equity instruments and fixed income will be managed dynamically to provide investors with long-term capital appreciation while managing downside risk.
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.