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PPFAS launches open-ended dynamic asset allocation fund - 6-Mar-2024
Chennai: PPFAS Mutual Fund has launched the Parag Parikh Dynamic Asset Allocation Fund, an open-ended dynamic asset allocation fund.
The new fund offer is available for subscription from February 20 to February 22, 2024.
The fund aims to generate income and long-term capital appreciation by dynamically managing the allocation between equity and fixed income instruments. The minimum investment is Rs 5,000, and subsequent investments can be any amount thereafter.
The scheme reopened on February 28, 2024. The performance will be benchmarked against the CRISIL Hybrid 50+50 Moderate Index, and the fund will be managed by a team of professionals.
The scheme offers both Direct and Regular Plans with Growth and Income Distribution cum Capital Withdrawal Options.
This marks the sixth scheme by PPFAS Mutual Fund since its inception in May 2013.
The Parag Parikh Dynamic Asset Allocation Fund is positioned as a tax-friendly option for debt allocation, and no exit load will be levied for 10% of units from the date of allotment.
However, a 1% load will apply if redeemed within one year for beyond 10% of the units, with no exit load after one year.
The fund is part of PPFAS Mutual Fund, sponsored by Parag Parikh Financial Advisory Services Limited.
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