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Our Bureau

Kochi , Nov. 17

OptiMix, the Multi Manager Asset Management Company sponsored by the ING group, has launched Dynamic Fund of Funds scheme Series II, a three-year close-ended scheme in the Indian market.

The scheme is expected to generate capital appreciation from a portfolio of equity and debt funds through the diversified investment styles of various schemes in accordance with the OptiMix Multi Manager investment process, a press release from the company said.

The new fund opened for subscription on November 10 and will close on December 20. No entry loads will be charged for subscribing to the scheme.

The scheme will be available in dividend and growth options and the minimum investment in it is Rs 5,000. Dynamic FoF series will enable the investor to participate in the upside of equity markets and limit the downside by investing in debt markets.

The scheme has been benchmarked against the Crisil balanced fund index.

The OptiMix Dynamic series I, which closed recently, collected assets to the tune of Rs 170.17 crore.

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