OptiMix Mutual Fund now has a unique scheme called Multi Manager Equity Fund. Unlike the existing range of schemes, which invest in different funds, the Multi Manager Equity Fund can invest directly in stocks based on the recommendation of a selected panel of fund managers as well as portfolio managers (PMS). These fund managers are being classified as core managers and satellite managers. The fund is based on the premise that investors may not always choose the best performing fund.
While core managers will contribute 75% to the portfolio, satellite fund managers will be able to contribute the rest of it, or if there is a special situation in the market. For PMS, the fund has chosen Religare Securities, Surefin Finance, Karma Capital and, for fund managers, it has chosen DSPML, Reliance, HSBC, Franklin Templeton, Sundaram BNP Paribas and UTI.