Parag Parikh Conservative Hybrid Fund
PPFAS mutual fund plans to launch a new fund offer in the month of May 2021. The name of the NFO is Parag Parikh Conservative Hybrid Fund. The MF will start the subscription process on May 7, 2021. It will be closed on May 21, 2021.
Furthermore, the offer may re-open for continuous sale on May 28, 2021.
However, it is an open-ended hybrid scheme suitable for investors who look to generate regular income through investments predominantly in debt and money market instruments.
Besides, the offer is available in regular and direct plans along with growth and IDCW options.
Basic Details of NFO:
| NFO Name | Parag Parikh Conservative Hybrid Fund |
| Subscription Period | May 7, 2021 – May 21, 2021 |
| NFO Type | Open-ended hybrid fund |
| Benchmark | CRISIL Hybrid 85+15 – Conservative Index |
| Fund Manager | Rajeev Thakkar , Raunak Onkar |
Investment Objective:
To generate regular income through investments predominantly in debt and money market instruments. The Scheme also seeks to generate long-term capital appreciation from the portion of equity investments under the scheme.
Minimum Investment:
During the NFO period, the minimum application amount should at Rs. 5,000 and in multiples of Re. 1 thereafter. Further, the minimum additional amount fixed at Rs. 1,000 and in multiples of Re. 1 thereafter.
Moreover, the minimum redemption amount will be Rs. 500 or 50 units.
However, the scheme does not offer any load structure charges.
Asset Allocation Pattern:
| Instruments | Normal allocation ( % of net assets) | Risk Profile | |
| Minimum | Maximum | ||
| Debt securities ( including securitized debt) & Money Market Instruments | 75 | 90 | Low to Medium |
| Equities & Equity related instruments | 10 | 25 | Medium to High |
| Units issued by REITs and InvITs | 0 | 10 | Medium to High |
Disclaimer: However, this article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before investing.