UTI Mutual Fund (UTI) has announced the launch of its UTI Balanced Advantage Fund, an open-ended dynamic asset allocation fund. The New Fund Offer (NFO) is set to begin on July 21, 2023, and will close on August 4, 2023.

The fund will invest in a diversified portfolio of equity and fixed income, with the scheme’s portfolio being dynamically managed based on a proprietary asset allocation model driven by valuation and fundamentals.

The UTI Balanced Advantage Fund aims to provide long-term capital appreciation and income through its dynamic management of equity and debt instruments. However, UTI has clarified that the fund does not guarantee or indicate any returns and there is no assurance that the investment objective of the scheme will be achieved.

Vetri Subramaniam, CIO of UTI AMC Ltd, said, “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.”

The UTI Balanced Advantage Fund is targeted towards investors seeking long-term wealth creation and a diversified portfolio of equity and fixed income. Additionally, it is suited for those looking for a dynamic asset allocation solution to minimize the risk of market volatility, and for those seeking better risk-adjusted and tax-efficient reasonable returns.

  India, UTI Mutual Fund, Vetri Subramaniam