NJ MF introduces Balanced Advantage Fund
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NJ Mutual Fund (MF) has launched the NJ Balanced Advantage Fund, an open-ended dynamic asset allocation fund. The NFO opens for subscription on October 08, 2021 and closes on October 22, 2021. The Entry load is not applicable for the scheme. The Exit Load of 1% is applicable if units are redeemed / switch-out within 30 days of allotment and no exit Load will be charged, if units are redeemed / switch-out after 30 days of allotment. The minimum subscription amount is Rs 500 and in multiples of Rs 1 thereafter.
The performance of the Scheme is measured against NIFTY 50 Hybrid Composite Debt 50:50 Index and its fund manager is Rishi Sharma.
The investment objective of the scheme is to generate capital appreciation by dynamically allocating its assets between equity and specified debt securities.
