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Advantage BAFs: Mutual fund houses line up funds amid a market surge

UTI MF launches new fund; 360 ONE and Bajaj Finserv file papers

mutual funds, MFs
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Abhishek Kumar Mumbai

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Expecting demand to pick up in the midst of a spike in equity valuations, mutual fund (MF) houses have lined up new fund offerings in the balanced advantage fund (BAF) category.
 
UTI MF launched its BAF on Friday, an open-ended dynamic asset allocation fund; two more — 360 ONE and Bajaj Finserv — filed papers with the capital markets regulator to launch their funds.
 
After the launch by UTI MF, only nine of the 42 fund houses do not have a BAF offering in their product basket. BAFs invest in a mix of debt and equity and are

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First Published: Jul 24 2023 | 6:20 AM IST

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