Mr. Venkatesan P,https://paisacare.in
Invest In 3 Major Assets..LIC Multi Asset Allocation Fund..!
LIC Mutual Fund (MF) launched its Multi Asset Allocation Fund, an open-ended scheme that invests in equity, debt, and gold to achieve long-term capital appreciation.
The New Fund Offer (NFO) opened on 2025 January 24 and will conclude on 2025 February 7. The scheme will reopen for continuous sale and repurchase on 2025 February 18.
The scheme's benchmark is a combination of 65% Nifty 500 TRI, 25% Nifty Composite Debt Index, and 10% domestic gold prices.
Hybrid mutual mutual funds saw a 27% surge in assets under management in 2024, increasing from Rs 6.90 lakh crore in January to Rs 8.77 lakh crore in 2024 December according to data published by Association of Mutual Funds in India (AMFI).
The multi-asset allocation funds saw significant growth in the AUM under hybrid category. Currently, this reflects a clear investor inclination towards hybrid funds and our new fund is ideally suited to cater to their interests.
Mr. Venkatesan P,
Founder, PAISACARE FINANCIAL SERVICES, Chennai
Phone number: 98404 22744
E Mail id: venkat.profit@gmail.com
Web Site: https://paisacare.in
Mr. P.Venkatesan had 30 years' experience in Financial Services (Life Insurance, Health Insurance, Mutual Funds etc.)
Office Address:
Paisacare Financial services
No 3B 2nd Street, Sivanandha Nagar
Kolathur, Chennai -600 099
Read articles written by Mr. Mr. P.Venkatesan in Nanayam Vikatan, a leading personal financial management magazine.
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes.
