AlphaGrep and ICICI Prudential Launch New Multi-Asset and Balanced Hybrid Funds
Two mutual funds have recently launched their new fund offers (NFOs) in India. AlphaGrep Mutual Fund introduced its first fund, the Multi Asset Allocation Fund, which uses quantitative models to dynamically invest across equities, fixed income, and commodities, with subscriptions open from July 6 to 20. ICICI Prudential Mutual Fund launched the Balanced Hybrid Fund, focusing on equity and debt investments with allocations adjusted based on market conditions, open for subscription until July 14. Both funds aim to provide long-term growth through diversified strategies.