NJ Mutual Fund launches NJ Balanced Advantage Fund

NFO period: 08^th October – 22^nd October, 2021

Highlights of the NFO:

• Scheme type – An open ended dynamic asset allocation fund


• Investment objective – The investment objective of the scheme is to generate capital appreciation by dynamically allocating its assets between equity and specified debt securities. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking long term capital growth dynamic asset allocation between equity and specified debt securities.


• Minimum Application Amount – First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Payout of Income Distribution cum Capital withdrawal Option (IDCW).


• Fund Managers – Mr. Rishi Sharma


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