NFO Alert: 360 ONE Mutual Fund launches multi-asset allocation fund

360 ONE Asset has announced the launch of its new fund, 360 ONE Multi Asset Allocation Fund, an open-ended fund that will invest in a diversified portfolio of equities, debt, commodities, and assets such as REITs and InvITs.

The new fund offer, or NFO, is open for subscription and will close on August 13. The fund aims to generate long-term wealth creation and income through active management of multiple asset classes.

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The 360 ONE Multi Asset Allocation Fund addresses the need for portfolio diversification amid increasing geopolitical instability, currency fluctuations, and global economic challenges. By investing across asset classes with varying correlations, the fund aims to deliver a smoother investment journey and counterbalance market volatility, according to a press release by the fund house.

The fund follows a dynamic asset allocation framework with investments across multiple asset classes, including 15% to 35% in equities to target long-term growth, 25% to 50% in debt instruments for relative stability, 25% to 40% in gold and silver as a hedge against global uncertainties, and a portion in REITs and InvITs to provide exposure to real estate.

The fund is benchmarked against a composite index of BSE 500 TRI (25%), NIFTY Composite Debt Index (45%), and domestic gold and silver prices (30%). The fund is managed by Mayur Patel, Milan Mody, and Rahul Khetawat.

The minimum investment amount during the NFO is Rs 1,000 and in multiples of Re 1 thereafter. For SIP investments, the minimum application amount is Rs 1,000 and in multiples of Re 1 thereafter.

The fund has an exit load structure of 1% if units beyond 10% are redeemed within one year from allotment, while no exit load is applicable for units redeemed after one year from allotment.

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"The 360 ONE Multi Asset Allocation Fund embodies our commitment to providing innovative solutions tailored to investors' evolving needs. By diversifying across asset classes, we aim to mitigate risk and create sustainable value for our clients in an ever-changing global environment. With this fund, we are not only expanding our robust portfolio of investment products but also empowering investors to navigate market complexities with confidence. This is another step in our journey to redefine the investment landscape in India," said Raghav Iyengar, CEO of 360 ONE Asset.

The fund is suitable for investors seeking to create wealth and income in the long term and who want investment in multiple asset classes.

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