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Mirae Asset Mutual Fund (MF) has launched Mirae Asset Balanced Advantage Fund, an open-ended Dynamic Asset Allocation Fund. The NFO opens for subscription on July 21, 2022 and closes on August 03, 2022. The Entry load is not applicable for the scheme. The Exit load: For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP - in) on or before completion of 365 days from the date of allotment of units: nil b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO):- If redeemed within 1 year (365 days) from the date of allotment: 1% of the applicable NAV and If redeemed after 1 year (365 days) from the date of allotment: nil. II.

Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out)- If redeemed within 1 year (365 days) from the date of allotment: 1% of the applicable NAV and If redeemed after 1 year (365 days) from the date of allotment: nil. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.

The performance of the scheme would be benchmarked against Nifty 50 Hybrid Composite Debt 50-50 Index and its fund managers are Harshad Borawake and Mahendra Jajoo.

The investment objective of the scheme is to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.