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Optimix announces new scheme

NEW DELHI: Optimix has on Friday announced an open-ended product — "Optimix Income Growth Multi-Manager Fund of Funds" — eyeing the potential investors who are uncertain about parking their money in a volatile market. The scheme seeks to invest in a portfolio of debt and equity funds for generating optimum returns. Optimix Managing Director, Ashvin Arora, told media persons on Friday that this maiden scheme was the first true multi-manager, zero-bias FoF in the Indian mutual funds market. The OIG FoF, that opened on March 9 and would close on April 7, features two plans — 15 per cent Equity and 30 per cent Equity.

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