Kolkata: PPFAS Mutual Fund announced the launch of Parag Parikh Conservative Hybrid Fund. The scheme aims to generate regular income through investments predominantly in debt and money market instruments. It also seeks to generate income and capital appreciation by investing a certain portion in equity, equity-related instruments, and Real Estate Investment Trusts / Infrastructure Investment Trusts (REITs/InvITs).
The NFO opened on 07 May 2021 and the NFO closes on 21 May 2021. The minimum investment shall be Rs. 5,000 and in multiples of Re 1 thereafter. The scheme will reopen on 28 May 2021. The performance of the scheme will be benchmarked against CRISIL Hybrid 85+15 – Conservative Index TRI. Rajeev Thakkar, Raunak Onkar and Raj Mehta will manage the scheme.
Neil Parag Parikh, Chairman and CEO, PPFAS Mutual Fund said, “We want to replicate the idea behind Parag Parikh Flexi Cap Fund on the debt side. The idea is to have a flexible model where we…