Optimix launches 'Multi Manager Equity Fund'

Mumbai, Mar 8 (UNI) Optimix today launched 'Optimix Multi Manager Equity Fund', which is an open-ended equity fund based on the MTM (Manage the Manager) process.

Talking to mediapersons Ashwin Arora, Director, Optimix, said ''Our investment process (MTM) adds value and manages risk through active management across each stage of the investment process which includes selection and allocation of assets and selection of the third party investment advisors.'' It uses tactical allocation across asset classes to capture opportunities in changing market conditions, he added.

The fund aims at providing long-term capital appreciation by investing predominantly in equity and equity related securities accessed on mandate based advice received from a panel of third party investment advisors selected in accordance with the Optimix Multi Manager Investment Process.

The New Fund Offer, which began on March seven closes on March 30. An investor can invest with minimum sum of Rs 5,000. The scheme offers two options to the investors which include dividend option and growth option.

The company CIO, Mugunthan Siva, said on the occasion that ''Third party investment advisors will advise the AMC (Asset Management Company) on securities selection and portfolio construction and Optimix in turn will pay consultancy fee to such advisors for the advisory services being rendered by them on a timely basis.

UNI