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  • 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.)