HDFC Mutual Fund’s new fund to help new investors with asset allocation

Investors moving money from fixed deposits to equity mutual funds looking for a simple product that takes care of their asset allocation can consider the new fund offer (NFO) of HDFC Asset Allocator Fund of Funds. Financial planners say existing mutual fund investors who have a personalised portfolio that allocates assets based on their long-term goals and risk profile should avoid such new fund offers. HDFC Asset Allocation Fund of Funds will