Greeting To All Our Readers! 


NFO Alert-

“LIC Asset Management Company Limited launched a balanced advantage fund. The fund is open for subscription between October 20, 2021, and November 3, 2021”


Read below for more details about the NFO!


Basic Details About The NFO… 

  • Fund Name- LIC MF Balanced Advantage Fund.
  • Type- An open-ended dynamic asset allocation fund.
  • Subscription open date- 20th October 2021
  • Subscription close date- 3rd 2021
  • Benchmark- 50% Nifty 50 TRI + 15% NIFTY 50 Arbitrage Index + 35% Nifty 10 Yr Benchmark G-Sec Index
  • Minimum Amount for Application during NFO- Rs 5000 and in multiples of Rs 1 after that.
  • Minimum Additional Purchase Amount- Rs 500 and in multiples of Rs 1 after that.
  • Plans- Both Direct and Regular Plans are available
  • Options Available- Both Growth and Income Distribution Cum Capital Withdrawal Option (ICDW)


Investment Objective…….

The new NFO launched is an open-ended balanced advantage scheme.

The investment objective of the scheme is to provide capital appreciation/ income to the investors from a dynamic mix of equity, debt, and money market instruments. The Scheme seeks to reduce volatility by diversifying the assets across equity, debt, and money market instruments.

However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.


Exit Load Trends In The NFO…… 

The fund has no entry load however it has different terms for exit load listed below:

  • If redeemed / switch-out 12% of units allotted before 12 months of allotment, no exit load will be charged.
  • If redeemed / switch-out after 1 month from the date of unit allotment, no exit load will be charged.


Fund Managers Of The NFO…….

The fund managers appointed to manage the asset allocations are Mr. Yogesh Patil and Mr. Rahul Singh. 


Who Should Invest In The NFO? 

This product is suitable for investors who are seeking:

  • Capital appreciation over a long period of time.
  • Investments in a dynamically managed portfolio of equity and equity-related instruments (including arbitrage exposure), debt, and money market instruments.


Note: Investors should consult their financial advisers if in doubt about whether the product is suitable for them or you can also get in touch with our executives for more suggestions. 


Keep reading our article and stay updated with the latest news about Mutual Funds!

For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.


Happy Investing!


(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).