NFO Alert: Helios Mutual Fund launches Helios Balanced Advantage Fund; all you need to know

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Also Read: What are balanced advantage funds? 3 key advantages of investing in them This is an open-ended dynamic asset allocation fund replicating/tracking the performance of the CRISIL Hybrid 50+50 – Moderate Total Return Index (TRI). 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 achieved. Investors can invest under the scheme with a minimum investment of ₹5000 per plan/option and in multiples of Re 1.

There is no upper limit for investment. Under normal circumstances, the asset allocation of the scheme will be as follows:Indicative allocations (% of total assets)MinimumMaximumEquity & equity-related instruments0%100%Very HighDebt and Money Market instruments (including securitized debt)0%100%Low to Medium To date, many mutual fund houses have launched many such similar funds, thus, allowing inclined investors to avail of returns corresponding to the total returns of the securities in this particular index.