Mirae Asset MF launches Balanced Advantage Fund

Mirae Asset MF has launched Mirae Asset Balanced Advantage Fund, an open-ended dynamic asset allocation fund. 

The fund aims to capture the upside during a bull market and limit the downside during bear phases.

Harshad Borawake, Fund Manager and Head of Research will manage the equity side while Mahendra Jajoo, CIO, Fixed Income will manage the debt portion. 

Commenting on the launch, Swarup Mohanty, CEO, Mirae Asset MF said, “Investors fear falling markets. But in a country like India, not participating in the equities markets could be a matter of regret in long run. The fund seeks to preserve investor participation throughout the market cycles and aims to generate reasonable performance over the long run.”