Publish Date:
Mirae Asset Mutual Fund has introduced a new fund offer – Mirae Asset Balanced Advantage Fund
It is an open-ended Dynamic Asset Allocation Fund.
The investment objective of the scheme is to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.
However, there is no assurance or guarantee that the investment objective of the scheme will be realized.
Under normal circumstances, Mirae Asset Balanced Advantage Fund will hold an allocation of 0% to 100% of its assets in Equity and equity related instruments, and 0% to 100% of its assets in Debt securities (including securitized debt), money market instruments (including Triparty REPO, Reverse Repo and equivalent). The Scheme shall not invest in Units issued by REITs and InvITs.
The investment strategy of the scheme endeavours to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives. Different asset classes exhibit different risk-return profile and relatively low correlation to each other as compared to investments within the same asset class. The fund manager will determine asset allocation between equity and debt depending on prevailing market and economic conditions.
The debt-equity mix at any point of time will be a function of various factors such as equity valuations, interest rates, view on the asset classes and risk management etc. The Scheme may utilise internal proprietary model to monitor the market so as to ascertain the asset allocation opportunities from time to time.
Mirae Asset Balanced Advantage Fund’s performance will be benchmarked against Nifty 50 Hybrid Composite Debt 50:50 Index
The fund will be managed by Mr Harshad Borawake and Mr Mahendra Jajoo.
The NFO opens for subscription on July 21, 2022 and closes on August 03, 2022. The scheme will reopen for continuous sale and repurchase on August 12, 2022.
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum Capital Withdrawal option.