Balanced Advantage Scheme has started, you can start investing with 1000 rupees

Mumbai
Mahindra Manulife Mutual Fund has launched Balanced Advantage Fund. This new fund offer has opened. It will close on next 23rd December. One can start investing in this with a minimum of Rs.1,000.

Which investors is this fund for?
It is an open ended dynamic asset allocation fund. This is a suitable scheme for those investors who want to earn profits in the long run by investing in equities and related instruments. The scheme will use dynamic asset allocation. This will have the flexibility that the scheme will make a mix of equity and debt investments across all cycles. The fund will explore equity and debt opportunities in the short to medium term.

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which model will you adopt
For equity investors, this portfolio will follow the top down approach and bottom up selection model. The objective of the fund is to build an equity portfolio. For debt investors, this fund will invest in liquid, debt and money market securities. For this, this scheme will create balance in maturity and credit profile.

Protection from market volatility
Ashutosh Bishnoi, MD & CEO, Mahindra Manulife says that the equity market has been volatile in recent times due to several reasons. Balanced Advantage Funds will help in keeping investors safe from market volatility. Mahindra Manulife Balanced Advantage Scheme aims at providing risk-adjusted returns to the investors in the long run. Since retail investors are not able to monitor their asset allocation continuously, this is a suitable scheme for them. The fund manager does this work dynamically and works out the asset mix properly in any market conditions.

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Suitable for all categories of investors
The company’s Chief Investment Officer Krishna Sanghvi said that this scheme is suitable for all categories of investors. Whether they are going to invest in mutual funds for the first time or are a long term investor. The objective of the fund is to invest in equity and debt. It has the facility that this scheme can invest up to 100% in equity and debt.