NJ Mutual Fund will enter the Rs.36 lakh crore mutual fund industry next month. The fund house will launch the NFO of NJ Balanced Advantage Fund on October 08, 2021, said a company press release.
The scheme will invest in equity and debt securities based on rule-based investment philosophy.
In the press release, Rajiv Shastri, Director & CEO, NJ Mutual Fund said, “The launch marks the culmination of a process that began over a decade ago. Since 2010 our portfolio management services have offered rule based active investment approaches to discerning investors, which has made us among the largest PMS providers in the country. Combined with our learnings as one of India’s large MFDs serving retail investors for more than 27 years, we are confident that our philosophy will be embraced by them as well.”
Meanwhile, another new player in the MF industry - Samco Mutual Fund will also announce its future plans on September 14.
