NJ Mutual Fund launches Balanced Advantage Fund, its first scheme

The new fund offer will open for subscription on 8 October 2021 and close on 22 October. The plan will offer both regular and direct plans

NJ Mutual Fund has launched its first product एन NJ Balanced Advantage Fund एक an open-ended dynamic asset allocation fund. The scheme will invest in equities and debt securities through active investment philosophy as per the rules, the company said in a press release.

The new Fund Offer (NFO) will open for subscription on October 8, 2021 and close on October 22, 2021. The plan will offer both regular and direct plans. The benchmark of the scheme is Nifty 50 Hybrid Joint Debt 50:50 Index.

According to NJ Mutual Fund, the fund will be managed according to proprietary protocols that are examined across different market cycles and long-term horizons.

Rajiv Shastri, Director and Chief Executive Officer, NJ Asset Management Pvt. Ltd., said, “This launch is the culmination of a decade-long process. Since 2010, our portfolio management services have provided prudent investors with rule-based active investment practices, making us one of the largest PMS providers in the country. With our education as one of the largest mutual fund distributors in India serving retail investors for over 27 years, we are confident that our philosophy will also be accepted by them. “

“We have a factor-based approach to investing. Our factors are quality, value, speed and low volatility. We do not adhere to the traditional mutual fund method of qualitative analysis, talk to company management, etc. Instead we develop techniques to measure these factors based on data. These factors have also been proven to be successful internationally.Our model divides stock selection and asset allocation.There is no human intervention after the protocol results.Current unhearded equity exposure indicated by our protocol is about 40% We use derivatives to maintain 65% gross equity exposure. The cost ratio of the regular plan will be 1.85%, “he added.

Founded in 1994, NJ Group is one of the largest mutual fund distributors in India. It partners with small mutual fund distributors across India, gaining a national presence. NJ India Invest contributes more than Rs 1,15,000 crore to the existing assets (AUM) of the Indian mutual fund industry through more than 20,000 active partners.

NJ started its portfolio management services (PMS) business in 2010 which manages assets worth about Rs 2,200 crore. In an interview with Mint in May 2021, Shastri said NJ would focus on passive and rule-based products.

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Economymono journalist was involved in the writing and production of this article.

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