NFO alert: UTI Balanced Advantage Fund – What is it and who should invest?

financialexpress.com:

UTI Mutual Fund has launched UTI Balanced Advantage Fund, which is an open-ended dynamic asset allocation fund. The fund will be 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 in-house proprietary asset allocation model, the AMC said in a statement. 

The New Fund Offer (NFO) for UTI Balanced Advantage Fund starts on July 21, 2023 and closes on August 4, 2023.

As per the statement, UTI Balanced Advantage Fund 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.

“For most investors who invest through mutual funds, the challenge is in handling the volatility. They all know the reasons why they should invest in equity and wish to participate in wealth creation through equities but don’t quite know how to handle the volatility that accompanies the journey. Investors need an asset allocation framework and a rebalancing mechanism,” said Vetri Subramaniam, CIO, UTI AMC Ltd.

Also Read: New Flexi Cap Fund from Bajaj Finserv AMC: NFO dates, who should invest in this equity mutual fund?

This fund may be suitable for investors who are seeking long term capital appreciation and income by investing in a dynamically managed portfolio of equity and debt instruments. 

The Equity part of the fund will be managed by Sachin Trivedi while the Fixed Income component will be managed by Anurag Mittal

During the NFO period, the units of the scheme will be sold at face value, i.e., Rs 10 per unit

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