Edelweiss Multi Asset Allocation Fund: smart way to enjoy LTCG tax?

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Key Points

The portfolio construction strategy of the scheme will be 45-55% in fixed income, 35-40% in equity arbitrage, and 10-15% in gold and silver arbitrage..

Many mutual fund investors have been discussing the new fund offer or NFO of a multi asset allocation fund since yesterday..

Well, multi asset funds have been around for a while but the new offering from Edelweiss Mutual Fund scores over the existing ones on the taxation front: the scheme qualifies for LTCG or long-term capital gains taxation of 20% after three years..

Over to Edelweiss Multi Asset Allocation Fund, an open-ended scheme that will invest in equity, debt, commodities, and in units of REITs & InvITs..

Edelweiss Multi Asset Fund will invest in debt (45-55%), equity arbitrage (35-40%), and gold/silver arbitrage (10-15%)..

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