Shares, bonds, gold and silver, you get all the benefits of a single investment, tax breaks too.

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

In fact, Mahindra Manulife Mutual Fund has launched a multi-asset allocation fund for investors who want to invest in different asset classes (equity, debt and gold/silver ETF units). This NFO opened on February 20 and will close on March 5. It will later reopen for continuous sales and repurchases 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 market movements. This diversified portfolio aims to provide investors with fixed income stability, equity growth potential and long-term capital gains tax (LTCG) benefits as well as indexation benefits. This means, you will get long-term capital gains tax benefit on its returns, which provides zero tax benefit on returns up to Rs 1 lakh in a year.

A profitable deal for every investor
We are very excited about our Multi Asset Allocation Fund,” said Anthony Heredia, MD & CEO, Mahindra Manulife Investment Management. It is a product that can fit into every investor’s portfolio. The market will always present challenges as well as opportunities and smart investments in asset classes will yield good returns. The fund offers investors access to multiple asset classes within one product including equity, debt and gold/silver ETFs.

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

Tags: gold investment, mutual fund, Mutual fund investors