Mahindra Manulife MF Launches Balanced Advantage Fund

The fund will follow dynamic asset allocation using a multivariate approach that will work on the flexibility to invest the mix between equity and debt across market cycles. The fund house in its statement said that the fund will optimize equity and debt potential over the short to medium term. The new fund offer will be open from December 9 to December 23.

For equity investments, portfolio formation will be based on top-down approach and bottom-up stock selection, whereas for debt investments, the fund will invest in liquid, debt and money market securities balancing maturity and credit profile. Duration strategy that looks to optimize yields.

Mahindra Manulife MF said, “The scheme is suitable for investors who seek capital appreciation while generating income over the medium to long term by investing in a dynamically managed portfolio of equity and equity related instruments and debt and money market instruments “

Mahindra Manulife MF said it aims to build the equity portfolio of the fund using the GCMV investment framework.

“Equity markets have witnessed volatility in the recent past due to various macro-economic factors. Balanced Advantage Funds can help investors mitigate market volatility. Mahindra Manulife Balanced Advantage Scheme aims at providing risk-adjusted returns for long-term investors. and are suitable for retail investors as they do not need to constantly monitor their asset allocation, as the fund manager does it dynamically and maintains the right asset mix in any current market conditions,” Ashutosh Bishnoi, MD & CEO, Mahindra Manulife Investment Management said.