Tata Mutual Fund has sought SEBI’s nod, to launch an open-ended dynamic asset allocation fund.

Tata Balanced Advantage Fund, will deploy at least 65% of its assets in equity and equity-related instruments, and equity derivatives, while up to 35% of the assets will be deployed in debt, money market instruments, securitized debt and in units of debt and liquid schemes.

Furthermore, minimum application in it will be Rs.5,000 and in multiples of one rupee thereafter and the risk will be moderately high.

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