Sundaram Multi Asset Allocation Fund aims to reduce portfolio volatility by investing across three asset classes: equity, gold, and fixed income. Given the superlative returns in equity and a good sprint by gold in 2023, fund houses are busy pushing multi-asset allocation funds.
Multi asset allocation is a relatively less volatile vehicle compared to aggressive hybrid equity schemes, and it also offers indexation benefits in case the equity allocation is maintained between 35 percent and 65 percent.
Edelweiss Multi Asset Allocation Fund will invest your money across various asset classes, like equity, debt, real-estate investment trusts, infrastructure trusts, and so on. The NFO opens June 5.