myplexus

NFO Monitor

Fund Fact

Name of Funds:

UTI Balanced Advantage

Opening:

21st July 2023

Closing:

4th August 2023

Minimum Investment:

Rs.5000/- and in multiples of Re.1/- thereafter.

Plan:

Regular and Direct

Options:

Growth and IDCW

Entry Load:

Not Applicable

Exit Load:

1% of NAV if units redeemed/switched out exceeds 10% of allotted units within 12 months from allotment date

Fund Stats

Objective:

The scheme intends to provide long-term capital appreciation and income by investing in a dynamically managed portfolio of equity and debt instruments.

Benchmark:

NIFTY 50

Fund Manager:

Sachin Trivedi, Anurag Mittal, Deepesh Agarwal

Asset Allocation

30-90% Equity 10-70% Money Market

10-70% Debt Nil Others

Comparable existing schemes

Bandhan Balanced Advantage Fund	9.54(6M)	10.43(1Y)
HDFC Balanced Advantage Fund	13.81(6M)	23.51(1Y)

Fund Prognosis

Idea Distiller

A very late entrant to the BAF category.

Fund House AAUM:
Rs. 24819160.72 Lakhs (as on 30th June 2023)
Fund Manager:
Combined experience of above 15 years

Scheme DNA 4 fundamentals

Uniqueness

Return

Risk

Operability

Oomph Factor

Very very tepid tug at the purse strings. I will definitely pass.

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