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UTI Mutual Fund (MF) has launched UTI Balance Advantage Fund, an open-ended dynamic asset allocation fund. The NFO opens for subscription on July 21, 2023 and closes on August 04, 2023. The Entry load is not applicable for the scheme. The Exit load will be nil, if units of the Scheme are redeemed or switched out up to 10% of the allotted units within 12 months from the date of allotment, 1%- if units of the scheme are redeemed or switched out beyond 10% of the allotted Units within 12 months from the date of allotment. No exit load, if units of scheme are redeemed or switched out after 12 months from the date of allotment. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. 

The performance of the Scheme would be benchmarked against NIFTY 50 Hybrid Composite debt 50:50 Index and its fund managers are Sachin Trivedi (Equity Portion), Anurag Mittal (Debt Portion) and Deepesh Agarwal (overseas investments).

The investment objective of the scheme is to provide long-term capital appreciation and income by investing in a dynamically managed portfolio of equity and debt instruments.