Mirae Asset Mutual Fund launches Mirae Asset Balanced Advantage Fund

NFO period: 21^st July – 03^rd August, 2022

Highlights of the NFO:

• Scheme type – An open-ended Dynamic Asset Allocation Fund


• Investment objective – 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. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.


• Product suitability – This product is suitable for investors who are seeking to generate long-term capital appreciation/income by investing in equity, equity related securities & debt, money market instruments while managing risk through active allocation.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Income Distribution cum capital withdrawal option (IDCW) (with Payout of Income Distribution cum capital withdrawal option (“Payout of IDCW”) and Reinvestment of Income Distribution cum capital withdrawal option (“Reinvestment of IDCW”)).


• Fund Manager – Mr. Harshad Borawake (Equity portion) and Mr. Mahendra Jajoo (Debt portion)


• Benchmark – Nifty 50 Hybrid Composite Debt 50:50 Index