UTI to launch new fund offer on July 21
The new fund is aimed at investors who are seeking for long term capital appreciation and income
image for illustrative purpose
Hyderabad: UTI Mutual Fund will launch new product ‘UTI Balance Advantage Fund’, an open-ended dynamic asset allocation fund. The fund will open on July 21, 2023 and end on August 4, 2023. The minimum investment required is Rs 5,000.
The new fund is aimed at investors who are seeking for long term capital appreciation and income. For the fund, the company follows a model guided asset allocation strategy that dynamically manage assets between equity and fixed income.
“Each fund will have different return where the share of equity and fixed income is different. Most of our hybrid funds ratio are fixed but this UTI Balance Advantage Fund is different because it has dynamic asset allocation model which means it is not fixed ratio. So, this fund doesn’t have static allocation, it can go as low as 30 per cent equity and as can go high as 90 per cent equity,” said Vetri Subramaniam, CIO, UTI AMC.
We have in house valuation model and that model looks at four parameters before determining what should be the equity allocation, he added.
