The new fund offer of the scheme is open for subscription and will close on June 19.
The performance of the scheme will be benchmarked against Nifty 500 TRI (40%) + Nifty 5 year Benchmark G-Sec Index (50%) + Domestic Gold Prices (5%) + Domestic Silver Prices (5%).
The scheme will be managed by Bhavesh Jain and Bharat Lahoti (Equity), Dhawal Dalal (Debt), Amit Vora (Overseas), and Ashish Sood (Commodities).
The investment objective of the scheme is to provide the investors an opportunity to invest in an actively managed portfolio of multiple asset classes. The scheme will invest predominantly in fixed-income, equities, and gold & silver. It will aim to generate returns through arbitrage in equities and gold & silver and income generation from fixed-income instruments. The portfolio construction strategy of the scheme will be 45-55% in fixed income, 35-40% in equity arbitrage, and 10-15% in gold & silver arbitrage.
The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. The scheme will offer a regular plan and direct plan – with growth and IDCW options. The scheme is suitable for investors who aim to generate returns that are adjusted to risk and exhibit relatively lower volatility and have an investment horizon of three years and more. Investors who aim to achieve a lower LTCG tax rate (20% after Indexation) compared to traditional fixed-income products. Capital appreciation from equity and equity-related instruments, commodities, and in units of REITs & InvITs.
