Bank of India MF aims to raise Rs 500 crore from multi-asset allocation fund in NFO period
The Multi Asset Allocation Strategy comprises investment of 35-40 per cent in equity & equity related instruments, 45-55 per cent in debt & money market instruments, 10-15 per cent in Gold ETF and up to 10 per cent in units issued by REITs and InvITs.
The new scheme is designed for investors who are seeking low volatility in their portfolio and exposure to multiple asset classes -- equity, debt and gold -- with better returns. (Image credit: Reuters)