UTI Mutual Fund launches UTI Balance Advantage Fund

NFO period: 21^st July – 04^th August, 2023

Highlights of the NFO:

• Scheme type – An open-ended dynamic asset allocation fund


• Investment objective – 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.


• Product suitability – The product is suitable for investors who are seeking long-term capital appreciation and income by investing in a dynamically managed portfolio of equity and debt instruments.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan & Direct Plan having Growth option and Payout of Income Distribution cum Capital Withdrawal Option (Payout of IDCW Option).


• Fund Manager – Mr. Sachin Trivedi (Equity Portion) and Mr. Anurag Mittal (Debt Portion)


• Benchmark – NIFTY 50 Hybrid Composite debt 50:50 Index