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NJ Mutual Fund to launch balanced advantage fund

NJ, India’s largest MF distributor, can take advantage of its distribution network.

September 13, 2021 / 02:17 PM IST

NJ Mutual Fund, which recently got MF license from SEBI, will be launching a balanced advantage fund (BAF).

The new fund offer (NFO) will open on October 8, 2021.

The fund will follow a rule-based investment strategy, as per NJ MF's filings.

The role of a fund manager is limited in a rule-based fund, as the scheme buys and sells securities on the basis of certain pre-defined rules. In NJ's case, these rules have been developed in-house.