AlphaGrep Mutual Fund files offer document for Multi asset Allocation Fund
AlphaGrep Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘AlphaGrep Multi asset Allocation Fund'. The New Fund Offer price for units would be Rs 10 each during the NFO. Exit load- If units are redeemed or switched out within 15 days from the date of allotment will be 1% of the applicable NAV; If units are redeemed or switched out after 15 days from the date of allotment will be nil. The Scheme offers Growth option and Distribution cum Capital Withdrawal (IDCW) option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance will be benchmarked against 35% NIFTY 200TRI + 45% NIFTY Composite Debt Index + 20% MCX iCOMDEX Composite Index). The minimum application amount during NFO will be Rs 500 and in multiples of Rs 1 thereafter.
