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Personal Finance | Can multi-asset funds combine the best of all investment avenues?

What appears to have increased investor appetite for Nippon India Multi Asset Fund is its aim of investing in gold and international equities – two of the hottest investment avenues at the moment

August 31, 2020 / 10:14 AM IST
Personal Finance | Can multi-asset funds combine the best of all investment avenues?

The Nippon India Multi Asset Fund (NIMAF) new fund offer closed on August 21, and collected a tidy Rs 720 crore. This was the second largest collection among 24 mutual fund (MF) schemes that were launched during the COVID-19 lockdown, as per data from Value Research. For a scheme that aims to invest across multiple asset classes, the collection is impressive. This makes NIMAF the second-largest scheme already, in a tiny category of 18 schemes worth assets totaling Rs...

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