LIC Mutual Fund has launched the LIC MF Multi Asset Allocation Fund, a new open-ended scheme aimed at offering diversified exposure across equity, debt, and gold. The New Fund Offer (NFO) will open from January 24 to February 7, 2025, with the goal of generating long-term capital appreciation. The scheme will invest in a diversified portfolio of equity and equity-related instruments, debt, money market instruments, and units of gold Exchange Traded Funds (ETFs). The benchmark for the scheme combines 65% Nifty 500 TRI, 25% Nifty Composite Debt Index, and 10% domestic gold prices.
Commenting on the NFO, Mr. R.K. Jha, Managing Director & CEO of LIC Mutual Fund, emphasized the growing interest in multi-asset allocation funds, which offer reduced concentration risks and better diversification. The hybrid mutual fund segment saw a 27% rise in assets under management in 2024, with significant growth in multi-asset funds.
In Guwahati, investors are increasingly seeking products that offer balanced exposure to various asset classes. With the volatility in equity markets, the launch of LIC’s Multi Asset Allocation Fund is expected to resonate well with local investors looking for a diversified investment approach that balances risk and return.
