Mutual Fund News : UTI Mutual Fund Launches UTI Balanced Advantage Fund

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UTI Mutual Fund introduces – UTI Balanced Advantage Fund

It is an open-ended dynamic asset allocation fund.

Accordingly, the investment objective of 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.

Under normal circumstances, UTI Balanced Advantage Fund will hold an allocation of 30% to 90% of its assets in Equity & equity related instruments and 10% to 70% in Debt and Money Market instruments (including securitised debt).

As per the Scheme Information Document, UTI Balanced Advantage Fund endeavours to provide long-term capital appreciation and income by dynamically managing the portfolio through investment in equity & equity-related instruments and active use of debt, money market instruments, and derivatives.

The scheme may utilize an internal proprietary model to monitor the market to ascertain asset allocation opportunities from time to time. This model may provide broad guidance regarding the relative valuation levels and scope of the market opportunities as may be relevant for investing. While the fund manager may utilize this model as a broad indicator; the fund manager shall have the final prerogative to apply his/her own discretion and judgment while determining the allocation percentage, the allocation interval, and the allocation approach as may be appropriate to pursue the investment objective of the scheme.

UTI Balanced Advantage Fund’s performance will be benchmarked against Nifty 50 Hybrid Composite debt 50:50 Index.

The scheme will be managed by Mr Sachin Trivedi (equity portion), Mr Anurag Mittal (debt portion) and Mr Deepesh Agarwal (overseas investments).

The NFO opens for subscription on July 21, 2023 and closes on August 04, 2023. The schemes will reopen for continuous sale and repurchase on August 17, 2023.

The fund's face value is Rs 10/- per unit. The minimum subscription amount is Rs 1,000/- and in multiples of Re. 1/- thereof.

The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.