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SBI Mutual Fund will launch a new fund offer for the open-ended Dynamic Asset Allocation Balanced Advantage Fund. The fund aims to generate long-term capital appreciation with the aim of capturing the potential rise in the volatile stock market and limiting the decline. The SBI Balanced Advantage Fund tracks CRISIL Hybrid 50 + 50 – Medium Index TRI. The new fund offer, which starts on Thursday, will end on August 25th.
The new fund will manipulate the entire equity for long-term wealth creation and fixed income to provide stability throughout the scheme portfolio. Based on several parameters such as valuation, revenue driver, sentiment index, and opportunity to generate higher alpha, fund managers have complete flexibility to manipulate the entire asset class in the range 0-100%.
Managing Director Vinay M Tonse said the new fund will be an opportunity for the stock market to be driven primarily by sufficient global liquidity.
He added that the fund helps investors meet their asset allocation needs and is suitable for risk-averse investors seeking long-term wealth creation in volatile market conditions. rice field.
DPSingh, SBIMF’s Chief Business Officer, said it is an ideal investment option for those looking to increase profits and limit the downsides.
He added that the fund is also allocated to foreign equity investments.
The fund also offers a systematic withdrawal plan that ensures regular cash flow by selling units accumulated by investors at pre-specified intervals. He said the SWP should ideally be set between 6 and 9 percent per year. This scheme invests equity, fixed income, money market products, REITs and InvITs.
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