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The fund house already has Quantum Multi Asset Allocation Fund of Funds which has AUM of Rs 53 crore and invests in various schemes of Quantum mutual fund that feeds into gold, bond and equity funds.
India's asset managers are launching even more passive funds as an overcrowded market for active funds and their struggle to beat benchmark returns force a shift in the $558 billion industry....
Discover how the influx into mutual funds is on the rise, driven by risk-averse investors seeking alternatives.
It’s been a little over a year since a massive front-running scandal erupted at Axis Mutual Fund. The firm has since set its house in order and is now readying for a fresh innings.
"Post fixed income taxation change, we have positioned equity savings funds as an alternate fixed income product to meet conservative investors' demand," said A Balasubramanian, MD of Aditya Birla Sunlife MF. "Given the fact it will have 10% exposure to equity and the rest will be spread between equity arbitrage and fixed income instruments, we also wanted to keep the expenses at a level which will be fair to investors," he said.