Summary:
Chennai: PPFAS Mutual Fund has announced the launch of Parag Parikh Conservative Hybrid Fund. The scheme aims to generate regular income through investments predominantly in debt and money market instruments. It also seeks to generate income and capital appreciation by investing a certain portion in equity equity-related instruments and Real Estate Investment Trusts / Infrastructure Investment Trusts (REITs/InvITs). The minimum investment shall be Rs 5000 and in multiples of Re 1 thereafter. The performance of the scheme will be benchmarked against CRISIL Hybrid 85+15 – Conservative Index TRI..