UTI Mutual Fund launches ‘UTI Balanced Advantage Fund’

Chandigarh, July 202, 2023: 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.

 
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.”