UTI Mutual Fund launches UTI Balanced Advantage Fund

UTI Mutual Fund has launched 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 fundamentals driven by in-house proprietary asset allocation model.

The New Fund Offer opens for subscription today and it will close on August 4.

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.


“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.

Salient features of UTI Balanced Advantage Fund

• Eligible Investors

Investors looking for long term wealth creation
Investors looking for a diversified portfolio of equity and fixed income
Investors looking for a dynamic asset allocation solution to minimise risk of market volatility
Investors seeking better risk adjusted and tax efficient reasonable returns

• Fund Manager

Equity – Sachin Trivedi; Fixed Income – Anurag Mittal

• New Fund Offer Price

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

• Minimum Application Amount
  The minimum application amount is ₹ 5,000/- and in multiples of ₹ 1/- thereafter

• Plans and Options Available

Regular Plan and Direct Plan – Both Plans offer Growth & Payout of IDCW options

• Benchmark Index

Nifty 50 Hybrid Composite Debt 50:50 Index