SBI MF introduces Balanced Advantage Fund
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SBI Mutual Fund (MF) has launched the SBI Balanced Advantage Fund, an open-ended dynamic asset allocation fund. The NFO opens for subscription on August 12, 2021, and closes on August 25, 2021. The Entry load is not applicable for the scheme. The Exit load will be nil, If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 10% of the units (the limit) purchased or switched on or before 1 year from the date of allotment, If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit on or before 1 year from the date of allotment the exit will be 1% of the applicable NAV and nil, If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme would be benchmarked to the CRISIL Hybrid 50+50 – Moderate Index TRI and its fund managers are Gaurav Mehta, Dinesh Balachandran, Dinesh Ahuja, and Mohit Jain.
The investment objective of the scheme is to provide long term capital appreciation / income from a dynamic mix of equity and debt investments.
