HDFC Asset Allocator Fund of Funds Details

HDFC Asset Allocator Fund of Funds Details

HDFC Mutual Fund has launched HDFC Asset Allocator Fund of Funds on April 16, 2021. It is an open-ended Fund of Fund that invest in equity-oriented, debt-oriented & gold exchange-traded funds.

The scheme will close for subscription on April 30, 2021. It will re-open for continuous sale within five business days of allotment of units under the NFO.

Further, HDFC Mutual Fund‘s NFO is suitable for investors who are seeking capital appreciation over the long term. Also, the investors should consider that their principal will be at high risk.

Besides, during the NFO period, the offer of units of Rs. 10 each and continuous offer of units at applicable NAV.

Basic FoF Details:

NFO Name HDFC Asset Allocator Fund of Funds
Subscription Period April 16, 2021 – April 30, 2021
NFO Type Open-ended FoF
Benchmark 90% NIFTY 50 Hybrid Composite Debt 65:35 Index (TRI) and 10% Domestic Prices of Gold arrived at based on London Bullion Market Association’s (LBMA) AM fixing price
Fund Manager Amit Ganatra , Anil Bamboli

Also, the scheme available under the regular and direct plans along with growth and Income Distribution cum Capital Withdrawal (IDCW) Option.

Investment Objective:

The objective of the scheme is to pursue capital appreciation by managing the asset allocation between equity-oriented, debt-oriented, and gold ETFs. Having said that, there is no assurance that the investment objective of the scheme will be achieved or give guaranteed returns.

Minimum Investment:

During the NFO period, the minimum application amount should at Rs. 5,000 and in multiples of Re. 1 thereafter. Besides, the re-purchase and continues sale of units amount at Rs. 5,000 and any amount thereafter. Besides, the additional purchase amount of Rs. 1,000.

Entry load not applicable under the scheme. Besides, in respect of each purchase/switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/switched out within 1 year from the date of allotment.

Asset Allocation Pattern:

Instrument Indicative allocations (% of net assets) Risk Profile
Minimum Maximum
Equity Oriented Schemes 40% 80% Low to High
Debt Oriented Schemes 10% 50% Low to High
Gold ETF Schemes 10% 30% Medium to High

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Please read the offer document carefully and consult your investment adviser before investing.

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