Baroda Pioneer, Quantum launch new funds
Private mutual fund houses Baroda Pioneer and Quantum Mutual Fund today launched two new schemes.
Baroda Pioneer Asset Management Company has launched a fixed income scheme, Baroda Pioneer Dynamic Bond Fund. It will invest entirely in fixed income instruments across various maturity profiles.
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"The fund aims to generate returns in the form of interest income and capital gains, by managing the portfolio dynamically through interest rate cycles," the company said.
Quantum's Multi-Asset Fund, an open-ended fund-of- fund, will invest in diversified asset classes like equity, gold and debt, a company release said.
"The NFO will generate moderate capital appreciation while trying to reduce risk by diversifying risk across asset classes from a combined portfolio of equity, debt or money and gold schemes of Quantum MF," the fund house said.
The NFO, which opened on June 22, will close on July 5 and will reopen for subscription from July 16.
According to the company, Multi Asset Fund will invest in Quantum Long-term Equity Fund, Index Fund, Liquid Fund and Gold ETF Fund in different denominations.
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