Way back in 2008, UTI Wealth Builders Fund came with gold in its portfolio of an Equity oriented scheme with 65% exposure to equity. An open ended equity scheme, did not have much following till 2010 when Religare first launched a MIP with Gold in the portfolio. 10-35% in Gold ETF, upto 25% in equity and rest in debt expects to tame the evergrowing inflation.
From then onwards Taurus MIP Advantage with 5-25% Gold and equity capped at 0-25% with remaining debt (65-95%) NFO 29 June-23 July 2010
Axis Tripple Advantage Fund NFO 30 June-27 July 2010 gave a hybrid portfolio with
- Shares/Equity and related instruments - 30-40%
- Debt Instruments (Fixed Income Securities) - 30-40%
- Gold ETF's or Gold Exchange Traded Funds - 20-30%
The Kotak Multi Asset Allocation Fund offered NFO during 31 December 2010- 14 Januray 2011 a portfolio of 75-90% debt and 5-20% equity and or 5-20% gold as an MIP alternative.
happy investing
Start Early, Proceed Systematically, Look Long Term
Let Your Money Work For You
All You Wanted to know about money
