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“This is the best NFO ever, both for us and for the industry in the active funds category,” said DP Singh, Chief Business Officer of SBI Mutual Funds.
The SBI Balanced Advantage Fund is a regular dynamic asset allocation scheme. When the stock market rises significantly, funds automatically shift from equities to debt securities and vice versa. Fund managers believe that balanced advantage funds are best suited for new equity investors to survive uncertain market conditions.
“We are proud of this achievement and we are very grateful for the trust our partners and investors have shown us. We are pleased to reach out to a wealthy class of investors. We are pleased to add. 100,000 new investors in the industry. We want to expand this investor base and add more investors from the HNWI and Middle class categories. We will do our best, “says DP Shin.
“The fund wanted to provide investors with a suitable investment solution in the future, not only at the turning point of the current market, but also when the dynamics of the market change, because the market remains volatile. Investors don’t have to worry about moving between asset classes and can leave it to the experts to manage their investments, “says DP Singh.
SBI MF executives also said that due to record highs in the market, investors less accustomed to investing directly in equities invested in funds with a flexible portfolio mission. increase.
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