 "mutual funds")
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
