PPFAS MF launches Dynamic Asset Allocation Fund

New fund offer: PPFAS MF launches Dynamic Asset Allocation Fund; check scheme, investment details e NFO: PPFAS Mutual Fund has floated a new fund offer -- Parag Parikh Dynamic Asset Allocation Fund, which is an open-ended dynamic asset allocation fund. The new fund offer (NFO) will be available for subscription from February 20, 2024, to February 22, 2024. The scheme will be co-managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani and Mansi Kariya. Parag Parikh Dynamic Asset Allocation Fund (DAAF) is the sixth scheme by PPFAS Mutual Fund. The scheme's investment objective is to generate income and long-term capital appreciation through investments in equity, equity derivatives, and fixed income instruments. The allocation between equity instruments and fixed income will be adjusted dynamically to offer investors long-term capital appreciation while managing downside risk. Neil Parag Parikh, Chairman and CEO of PPFAS MF, said: "The fund is a unique offering which fills a gap in our product offering. Given the indexation benefit offered, investors could consider the scheme as a relatively tax-friendly option, meant for their debt allocation." [Read more]( If you would prefer not receiving our emails, please [Click Here](