MUTUAL FUNDS
Tata MF introduces Balanced Advantage Fund
Jan-09-2019

Tata Mutual Fund (MF) launched the Tata Balanced Advantage Fund, an open ended dynamic Asset allocation fund scheme. The NFO opens for subscription on January 09, 2019 and closes for January 23, 2019. Entry load will be nil and exit load will be 1% of the applicable NAV, if redeemed on or before expiry of 365 days from the date of allotment applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiple of Re 1 thereafter.

The scheme’s performance will be benchmarked against CRISIL Hybrid 35+65 - Aggressive Index and its fund managers are Rahul Singh, Sonam Udasi, Sailesh Jain, and Akhil Mittal.

The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.

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