UTI Mutual Fund launches UTI Balance Advantage Fund
by
NEWS TEAM | on Jul 21, 2023
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