Mahindra Manulife MF launches Multi Asset Allocation Fund: Key things to know before investing

The scheme aims to balance risk and reward by apportioning investments across specified asset classes, the fund house said.

The scheme will be managed by Renjith Sivaram Radhakrishnan (Equity), Rahul Pal (Debt) and Pranav Nishith Patel (Dedicated Fund Manager Overseas investment).

The asset allocation pattern comprises of equity and equity related instruments (35-80%), debt and money market securities (10-55%), units of gold and silver ETFs and other gold and silver related instruments (10-30%) and units issued by REITs and InvITs (0-10%) with balanced combination of asset classes that helps mitigate volatility.

Anthony Heredia, MD & CEO of Mahindra Manulife Investment Management said, "Markets will always present opportunities along with challenges, and diversification between asset classes done thoughtfully is one of the best ways to make the best of the opportunity, without losing sight of risk. The Mahindra Manulife Multi Asset Allocation Fund presents an opportunity for investors to access multiple asset classes within one product, including equity, debt and gold/silver ETFs.”

The scheme will follow top-down and bottom-up methodologies while selecting equity and equity related instruments, whereas debt investment Philosophy shall be used in debt investment decision making, the fund house said.