Listen to this article
UTI Mutual Fund has launched UTI Balanced Advantage Fund, an open-ended dynamic asset allocation fund investing in a diversified portfolio of equity and fixed income.
The fund house will follow in-house valuation metrics to arrive at asset allocation.
In a press release, Vetri Subramaniam, CIO, UTI AMC said, “For most investors who invest through mutual funds, the challenge is in handling the volatility. They all know the reasons why they should invest in equity and wish to participate in wealth creation through equities but don’t quite know how to handle the volatility that accompanies the journey. Investors need an asset allocation framework and a rebalancing mechanism.”
Sachin Trivedi (Equity) and Anurag Mittal (Fixed income) will co-manage the fund.
