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Our Bureau

Mumbai , Nov. 13

Optimix, the multi manager asset management company has launched Dynamic FoF scheme series - II, a three-year closed ended fund-of-fund scheme. The scheme will generate capital appreciation from a portfolio of equity and debt funds through the diversified investment styles of various schemes of other mutual funds in accordance with the Optimix Multi Manager Investment process.

The new scheme will be based on the CLICK model - which can shift from 100 per cent equity funds to 100 per cent debt funds depending on the market conditions.

The new fund will open on November 10 and close on December 20. No entry load will be charged. The scheme will be available in Dividend and Growth options. The minimum investment in the scheme is Rs 5,000.

"Dynamic FoF Series II will enable the investor to participate in the upside of equity markets and limit the downside by investing in debt markets," said Mr Ashvin Arora, Director, Optimix.

The scheme has been benchmarked against the Crisil Balanced Fund Index.

Optimix Dynamic Series I, which recently closed collected assets of Rs 170.17 crore, said Mr Sumeet Vaid, Chief Marketing Officer, Optimix.

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