Mutual fund strategy to manage market volatility: Bring balanced advantage funds into your game financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The withdrawals of the schemes came as investor focus shifted to existing debt funds after the government introduced changes to the mutual fund taxation in the Finance Bill.
Some fund houses have reopened their international schemes so that investors benefit from long-term capital gains tax rate before new rules kick-in from 1 April
The Quant Dynamic Asset Allocation Fund will dynamically switch between equities and debt. The one difference this scheme has from existing balanced advantage funds is that it doesn’t insist on a minimum 65% equity exposure at any time. The NFO opened on March 23 and will close on April 6