SBI MF has launched SBI Balanced Advantage Fund.
The open-ended dynamic asset allocation fund aims to give capital appreciation along with stability to the investment portfolio through an exposure to fixed income securities.
In a press release, Vinay M. Tonse, MD & CEO, SBI MF said, “SBI Balanced Advantage Fund would help investors to fulfil their asset allocation needs and I am confident that the fund would be a very suitable investment option for investors, particularly those who are risk-averse but at the same time are looking for long term wealth creation and want to cushion their investments from volatile market situations.’’
“The fund will focus on achieving superior risk-adjusted returns while being true to label, it will leverage the benefit of having the flexibility to arrive at an optimum asset allocation,” added D P Singh, Chief Business Officer, SBI MF.
