Helios Mutual Fund on Monday (March 11) announced the launch of the Balanced Advantage Fund. This open-ended dynamic asset allocation fund aims to capitalise on the potential upside of equities while actively managing the portfolio to limit downside risks.
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The new fund offer (NFO) of the scheme will be available till March 20, 2024.
The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment of units under the New Fund Offer (NFO).
Investment objective
The primary objective of the scheme is to strike a balance between equities and debt, money market instruments, and derivatives.
The fund aims to dynamically manage its asset allocation to benefit from equity market gains while actively mitigating risks.
However, potential investors are advised that there can be no assurance that the investment objective of the scheme will be realised, the mutual fund house said.
Liquidity and redemption
Being an open-ended scheme, units of the Helios Balanced Advantage Fund can be purchased or redeemed on all business days at net asset value (NAV) based prices, subject to the prevailing load structure.
Benchmark index
The scheme will be benchmarked against the CRISIL Hybrid 50+50 – Moderate Total Return Index (TRI).
Application and investment details
For lump-sum investments, the minimum application amount is ₹5,000, and multiples of ₹1 thereafter.
The minimum additional application amount, including switches, is ₹1,000 and multiples of ₹1 thereafter.
Load structure
No entry load will be charged to investors, and exit loads are as follows:
Exit loads are subject to change at the discretion of the Trustees, with any modifications implemented prospectively, Helios Mutual Fund said.
Expense ratio
The maximum total expense ratio (TER) permissible is up to 2.25%.
Investment considerations
The scheme is suitable for investors who are seeking long-term wealth creation and want investment in a dynamically managed portfolio of equity and equity-related instruments and debt and money market securities.
The principal invested in the scheme will be at “very high” risk according to the riskometer of the scheme.
Investors should carefully review the scheme's offering documents and consider their risk tolerance and financial goals before making an investment decision.
(Edited by : Amrita)
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