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News UTI Mutual Fund launches UTI Balance Advantage Fund
Jul 21, 2023
Mutual Fund
UTI Mutual Fund launches UTI Balance Advantage Fund
NFO period: 21st July - 04th August, 2023
Highlights of the NFO:
- Scheme type - An open-ended dynamic asset allocation fund
- Investment objective - The scheme intends to provide long-term capital appreciation and income by investing in a dynamically managed portfolio of equity and debt instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
- Product suitability - The product is suitable for investors who are seeking long-term capital appreciation and income by investing in a dynamically managed portfolio of equity and debt instruments.
- Minimum Application Amount - First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter
- Plan/ Options available - Regular Plan & Direct Plan having Growth option and Payout of Income Distribution cum Capital Withdrawal Option (Payout of IDCW Option).
- Fund Manager - Mr. Sachin Trivedi (Equity Portion) and Mr. Anurag Mittal (Debt Portion)
- Benchmark - NIFTY 50 Hybrid Composite debt 50:50 Index
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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