Axis Mutual Fund has rolled out a new multi-asset Fund of Funds (FoF), introducing the Axis Multi-Asset Active FoF, an open-ended scheme that will invest across equity-, debt- and commodity-linked mutual fund schemes and ETFs.

The New Fund Offer (NFO) will open on November 21 and close on December 5.

The scheme, categorised as a Hybrid FoF (Domestic), follows a blended benchmark comprising NIFTY 500 TRI (45%), NIFTY Composite Debt Index (45%), and the domestic price of physical gold (5%) and silver (5%).

It will be jointly managed by Shreyash Devalkar, Devang Shah, Mayank Hyanki and Aditya Pagaria. The minimum investment during the NFO is ₹100.

According to Axis MF, the fund is positioned as a single-window diversification solution, combining equity, fixed income, gold and silver under

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