UTI Mutual Fund (UTI) launched UTI Balanced Advantage Fund, an open-ended dynamic asset allocation fund, investing in a diversified portfolio of equity and fixed income. The portfolio of the scheme will be dynamically managed based on valuation and fundamental driven inhouse proprietary asset allocation model. The NFO starts on July 21, 2023 and closes on August 4, 2023. The scheme aims to provide long-term capital appreciation and income by investing in a dynamically managed portfolio of equity and debt instruments. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not guarantee/indicate any returns.
Salient features of UTI Balanced Advantage Fund: Eligible Investors: Investors looking for long term wealth creation; Investors looking for a diversified portfolio of equity and fixed income; Investors looking for a dynamic asset allocation solution to minimise risk of market volatility; Investors seeking better risk adjusted and tax efficient reasonable returns. Fund Manager: Equity - Sachin Trivedi; Fixed Income - Anurag Mittal. New Fund Offer Price: During the NFO period, the units of the scheme will be sold at face value, i.e., INR 10 per unit.