Shares, bonds, gold and silver, you will get all the benefits on one investment, tax exemption also.

New Delhi. If you are afraid of stock market risks and also want to get more returns from FD, then we provide you the solution to both. For such investors, Mahindra Manulife has launched a multi-asset fund, which invests together in equity, debt and gold/silver ETF units. Investment in this fund has started from 20th February and retail investors can invest money in it till 5th March. The special thing is that tax exemption is also available in this fund under LTCG.

Actually, Mahindra Manulife Mutual Fund has launched Multi Asset Allocation Fund for investors wishing to invest in diverse asset classes (equity, debt and gold/silver ETF units). This NFO has opened on 20th February and will close on 5th March. It will later reopen for continuous selling and repurchase from March 15, 2024.

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Will balance market fluctuations
The asset allocation will be regularly rebalanced by the fund managers based on changing market dynamics. This diversified portfolio aims to provide investors with the stability of fixed income, growth potential of equities and long-term capital gains tax (LTCG) benefits along with the benefit of indexation. That means, you will get the benefit of Long Term Capital Gain Tax on its returns, which provides zero tax benefit on returns up to Rs 1 lakh in a year.

Profitable deal for every investor
Anthony Heredia, MD and CEO of Mahindra Manulife Investment Management, said, we are very excited about our multi-asset allocation fund. This is a product that can fit into every investor’s portfolio. The market will always present challenges as well as opportunities and smart investments across asset classes will yield good returns. This fund gives investors the opportunity to access multiple asset classes within one product including equity, debt and gold/silver ETFs.

Option of SIP will also be available
Along with investing lump sum money in this scheme, investors will also get the opportunity to invest through SIP. It will become increasingly popular among investors as it provides the benefits of both debt and equity classes together. Asset allocation is in trend, making market level less important. Those who have extra cash can consider lump sum investments in these schemes, while other investors can opt for SIPs.

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