MUTUAL FUNDS
HDFC MF introduces Asset Allocator Fund of Funds
Apr-16-2021

HDFC Mutual Fund (MF) has launched the HDFC Asset Allocator Fund of Funds, an open- ended Fund of Funds scheme investing in equity oriented, debt oriented and gold ETFs schemes. The NFO opens for subscription on April 16, 2021, and closes on April 30, 2021. The Entry load is not applicable for the scheme. In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment and no exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. The minimum subscription amount is Rs 5000 and any amount thereafter.

The performance of the Scheme will be benchmarked with 90% NIFTY 50 Hybrid Composite Debt 65:35 Index (Total Returns Index) and 10% Domestic Prices of Gold arrived at based on London Bullion Market Association's (LBMA) AM fixing price and its fund managers are Amit Ganatra (Equity Assets), Anil Bamboli (Debt Assets) and Krishan Kumar Daga (Gold ETF Schemes).

The investment objective of the Scheme is to seek capital appreciation by managing the asset allocation between equity oriented, debt oriented and gold ETF schemes.

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