The scheme is based on the NIFTY 50 Hybrid Composite Debt 50:50 index. The fund is managed by Dinesh Balachandran, Rajeev RadhakrishnanMansi Sajeja and Pradeep Kesavan.
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Launched in August 2021, the fund mobilised the highest ever fundraising in a new fund offering of over Rs 14,600 crore. The scheme has delivered a return of 14.11% since inception, as against 10.58% for its benchmark (NIFTY 50 Hybrid Composite Debt 50:50 Index). In the last one year, the scheme has delivered a return of 24.17% as against 19.98% for its benchmark.
If someone invested a lump sum of Rs 1 lakh in the scheme at the time of inception, the investment would have been Rs 1.48 lakh as on August 31, 2024. A monthly SIP of Rs 10,000 since inception would have been Rs 4.72 lakh as on August 31, 2024.
The investment objective of the scheme is to provide capital appreciation and long-term income from a dynamic mix of equity and debt investments. As per the August portfolio, the scheme has 30.37% exposure to equity and the rest invested in debt. The fund had an AUM of Rs 32,440.95 crore as on August 31 with over 5.97 lakh folios. Also Read | 18 MF NFOs raise Rs 13,815 crore in August
The exit charge will be nil if units purchased or exchanged from another scheme of the fund are exchanged up to 10% of the units (the limit) purchased or exchanged on or before one year from the date of allotment. The exit charge will be 1% of the applicable NAV if units purchased or exchanged from another scheme of the fund are exchanged above the limit on or before one year from the date of allotment. A nil exit charge will be applicable if units purchased or exchanged from another scheme of the fund are exchanged after one year from the date of allotment.
The minimum investment amount for monthly SIP is Rs 1,000 and in multiples of Rs 1 thereafter for a minimum of six months (or) a minimum of Rs 500 and in multiples of Rs 1 thereafter for a minimum of one year. The minimum investment amount for lump sum investment is Rs 5,000 and in multiples of Rs 1.
The plan is suitable for investors seeking long-term capital appreciation and desiring a dynamic asset allocation across equities and equity-related instruments, including derivatives and fixed-income instruments.
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