SBI MF launches open-ended dynamic asset allocation fund

The fund would manoeuvre across equity for long-term wealth creation and fixed income to provide stability to the overall scheme portfolio.

Index fund investing may not get cheaper as MFs likely to avoid price war

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BS Reporter Mumbai

1 min read Last Updated : Aug 12 2021 | 5:45 PM IST

SBI Mutual Fund has announced the launch of SBI Balanced Advantage Fund, an open-ended dynamic asset allocation fund.

The fund would manoeuvre across equity for long-term wealth creation and fixed income to provide stability to the overall scheme portfolio.

Vinay M Tonse, MD & CEO of the fund house said, “We are happy to launch SBI Balanced Advantage Fund at a very opportune time, when equity markets are primarily getting driven by ample global liquidity. Our new fund offering would follow a three-tier investment strategy to evaluate the optimal asset allocation across equity and debt based on robust economic and market indicators.”

SBI

Topics : SBI Mutual Fund funds sbi

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