Launch of Mirae Asset Multi Asset Allocation Fund

MUMBAI, India, Jan. 10, 2024 /PRNewswire/ — Asset classes have one thing in common, they are differently co-related to each other and their performance depends on factors which may be independent to each other. Hence a combination of asset classes may help to balance out volatility.

Mirae Asset Mutual Fund announces launch of Mirae Asset Multi Asset Allocation Fund NFO, an open-ended scheme investing in equity, debt & money market instruments, Gold ETFs, Silver ETFs and exchange traded commodity derivatives.

The NFO opens on January 10, 2024 and closes on 24 January, 2024 and will be managed by Harshad Borawake (equity part) and Amit Modani (debt part) and the minimum investment will be Rs. 5000 and Rs. 500 for SIPs. Also, Siddharth Srivastava will manage the Overseas Investments Portion & Ritesh Patel will manage the Commodity Investments.

The combination of asset classes has provided better investment experience over the years and the fund aims to capture the business cycle benefits of different assets over a period. As the table suggests, winners keep changing and hence its is difficult to predict which asset class may perform consistently, thus the case for Multi-Asset.

As per the table of each year returns across Equity, Gold, Debt and Multi-Asset *, Multi-Asset has been consistent most of the time, especially in last 3 years.

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

Equity 91%

Gold

23%

Gold 32%

Equity 33%

Debt

8%

Equity 37%

Debt

9%

Gold

11%

Equity 35%

Gold

8%

Gold

24%

Gold

28%

Equity 29%

Gold

14%

Equity 24%

Multi Asset* 64%

Equity 18%

Debt 9%

Multi Asset* 26%

Equity 6%

Multi Asset* 25%

Multi Asset* 1%

Debt

9%

Multi Asset* 25%

Debt

7%

Multi Asset* 12%

Equity 18%

Multi Asset* 19%

Multi Asset* 19%

Multi Asset* 20%

Gold

24%

Multi Asset* 16%

Multi Asset* -10 %

Gold

12%

Multi Asset* 5%

Debt

10%

Equity 0%

Multi Asset* 7%

Debt

6%

Multi Asset* 3%

Equity 10%

Multi Asset* 18%

Debt

4%

Equity

6%

Gold

15 %

Debt

8%

Debt

4%

Equity -26 %

Debt

11%

Gold

-5 %

Gold

-8 %

Gold

-7 %

Equity 5%

Gold

5%

Equity 1%

Debt

9%

Debt

10%

Gold

-4 %

Debt

4%

Debt

7%

Source: AceMF, AMFI, Bloomberg, From 1st Jan 2009 to 29th Dec 2023. *Multi Asset: E: 65%, D: 20%, G: 15%), E: Equity: S&P BSE 200 TRI, D: Debt: NIFTY Short Duration Debt Index, G: Gold: Domestic Gold Prices. Returns for more than 1 year are CAGR, less than 1 year are absolute. Past performance may or may not sustain in the future.

Speaking on the NFO Launch, Harshad Borawake, Fund Manager, Mirae Asset Investment Managers (India) Pvt. Ltd., said, “A mix of asset class may act as a hedge due to which the market volatility could be managed better, Mirae Asset Multi Asset Allocation Fund aims to bring this investment experience to investors. Such a product may be suited for Investors seeking to participate across diverse asset classes but want to do it under one scheme.

3 year daily average rolling returns across S&P BSE 200 TRI, Multi-Asset Benchmark* and Nifty50- TRI showcases that Multi-Asset benchmark chosen for the scheme has consistently outperformed Nifty 50-TRI over 1, 3 & 5 year. Also, the Average Standard Deviation is comparatively lower compared to the other two indices.

Swarup Anand Mohanty, Vice Chairman & CEO, Mirae Asset Investment Managers (India) Pvt. Ltd., added, “Investors primary concern is riding volatility and wealth creation, that may be achieved with combination of assets, it may help an investor get away with the hassle of predicting which asset class will do well & allows the combination which may work in much more consistent manner. Multi Asset aims to solve the Jigsaw Puzzle of Volatility.”

Mirae Asset Multi Asset Allocation Fund NFO closes on 24th Jan 2024 & will re-open for continuous Sale and Repurchase from 1st February 2024

For further information please visit the website www.miraeassetmf.co.in

Please consult your financial advisor or mutual fund distributor before investing.

The Product Labelling assigned during the NFO is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post  NFO when the actual investments are made.

 

Mirae Asset Multi Asset Allocation Fund is suitable for investors who are seeking*-

  • To generate long term appreciation/income.
  • Investments in equity, debt & money market instruments, Gold ETFs, Silver ETFs and Exchange Traded commodity derivatives.

*Investors should consult their financial advisors if they are not clear about the suitability of the product.

The Product Labelling assigned during the NFO is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when actual investments are made.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

 

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