UTI Mutual Fund (UTI) launches 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.
Mr. Vetri Subramaniam, CIO, UTI AMC Ltd, commented on the launch, “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.”
Salient features of UTI Balanced Advantage Fund
• Eligible Investors
o Investors looking for long term wealth creation
o Investors looking for a diversified portfolio of equity and fixed income
o Investors looking for a dynamic asset allocation solution to minimise risk of market volatility
o Investors seeking better risk adjusted and tax efficient reasonable returns
• Fund Manager
o Equity – Sachin Trivedi; Fixed Income – Anurag Mittal
• New Fund Offer Price
o During the NFO period, the units of the scheme will be sold at face value, i.e., ₹ 10/- per unit
• Minimum Application Amount
o The minimum application amount is ₹ 5,000/- and in multiples of ₹ 1/- thereafter
• Plans and Options Available
o Regular Plan and Direct Plan – Both Plans offer Growth & Payout of IDCW options
• Load Structure
o Entry Load: NA
o Exit Load:
A. Redemption/ Switch-out within 12 months from the date of allotment:
(i) up to 10% of the allotted Units – Nil (ii) beyond 10% of the allotted Units ‐ 1.0%
B. Nil thereafter
• Benchmark Index
o Nifty 50 Hybrid Composite Debt 50:50 Index
Product Label & Riskometer
UTI Balanced Advantage Fund
An open-ended dynamic asset allocation fund
This product is suitable for investors who are seeking:*
• Long term capital appreciation and income
• Investment in a dynamically managed portfolio of equity and debt instruments
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Note: Product labeling assigned during the NFO is based on an internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
