Life Insurance Corporation of India
Mutual Fund launches multi asset allocation fund
Life Insurance Corporation of India
Mutual Fund on january 24 released its Multi Asset Allocation Fund, an open-ended scheme that invests in fairness, debt, and gold to reap lengthy-term capital appreciation.
the brand new Fund provide (NFO) opened on january 24 and will finish on february 7. The scheme will reopen for non-stop sale and repurchase on february 18, the corporation stated in a statement.
The scheme's benchmark is a combination of sixty five percent Nifty 500 TRI, 25 percent Nifty Composite Debt Index, and 10 percent domestic gold prices, it introduced.
"Hybrid mutual funds saw a 27 percent surge in belongings under control in 2024, increasing from Rs 6.ninety lakh crore in january to Rs 8.seventy seven lakh crore in december according to data posted by affiliation of Mutual price range in india (AMFI).
"The multi-asset allocation price range saw massive growth in the AUM beneath hybrid class. currently, this displays a clear investor inclination toward hybrid budget and our new fund is perfectly suited to cater to their hobbies," R k Jha, managing director and CEO of lic Mutual Fund Asset management Ltd, stated.
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