Greeting To All Our Readers! 


NFO Alert-

“NJ Asset Management Company Limited launches its first product, a balanced advantage fund. The fund is open for subscription between October 8, 2021, and October 22, 2021”


Read below for more details about the NFO!


Basic Details About The NFO…

  • Fund Name- NJ Balanced Advantage Fund.
  • Type- An open-ended dynamic asset allocation fund.
  • Subscription open date- 8th October 2021
  • Subscription close date- 22nd October 2021
  • Benchmark- NIFTY 50 Hybrid Composite Debt 50:50 Index
  • Minimum Amount for Application during NFO- Rs 500 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 generate capital appreciation by dynamically allocating its assets between equity and specified debt securities. The scheme allocates its assets and selects securities using a rule-based active approach based on proprietary protocols.


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 within 30 days of allotment - 1%.
  • If redeemed / switch-out after 30 days of allotment - Nil


Fund Managers Of The NFO…….

The fund manager appointed to manage the asset allocation in the new NFO is Mr. Rishi Sharma.             


Why Invest in NJ Balanced Advantage Fund NFO?

Here are a few reasons to invest in this fund.

  • It is an “All-weather” fund and works efficiently across market cycles
  • Avoids tax events and have minimal tax exposure
  • A rule-based actively managed fund that eliminates human bias in asset allocation decision making
  • Manages volatility through periodic rebalancing and generate better risk-adjusted returns


Who Should Invest In The NFO?

This product is suitable for investors who are seeking:

  • Long term capital growth
  • Dynamic asset allocation between equity and specified debt securities


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).