N The Debt Side Benchmark Index For Fund Will Be Nifty 50 Hybrid Composite Minimum Initial Investment In Rs 5 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mumbai (Maharashtra) [India], July 22 (ANI/PRNewswire): Mirae Asset Mutual Fund, one of the fastest growing fund houses in India, has announced the launch of Mirae Asset Balanced Advantage Fund ("Fund/Scheme"), an open-ended dynamic asset allocation fund. The NFO for the fund opens for subscription on July 21, 2022, and closes on August 3, 2022. The fund will be jointly managed by Harshad Borawake, fund Manager and Head of Research, on the Equity side and Mahendra Jajoo, CIO Fixed Income, on the Debt side. The benchmark Index for the Fund will be the Nifty 50 Hybrid Composite Debt 50:50 Index. The minimum initial investment in the fund will be Rs 5,000 and multiples of Re 1 thereafter. Key Highlights: - A good investment option, especially in times of volatility, thanks to its dynamic asset allocation between equity, arbitrage and debt instruments. - The fund aims to capture the upside during a bull market and limit the downside during bear phases. - The fund managers will fo ....

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