NFO review: Helios Balanced Advantage Fund

Helios Mutual Fund has unrolled its third fund - Helios Balanced Advantage Fund. The NFO (new fund offer) is open for subscription until March 20, 2024. Here's all you need to know about the fund. NFO snapshot Fund name Helios Balanced Advantage Fund SEBI category Hybrid: Balanced Advantage Fund NFO period March 11 to March 20, 2024 Investment objective To benefit from the potential upside of equity and protect the downside through dynamic allocation between equity and debt. Where will the fund invest 0-100 per cent in equity0-100 per cent in debt  Benchmark CRISIL Hybrid 50+50 - Moderate Total Return Index (TRI) Fund managers Alok Bahl, Pratik Singh, Utsav Modi Exit load For units in excess of 10 per cent, 1 per cent of the applicable NAV will be charged for redemption or switching within three months from the allotment date. About Helios Balanced Advantage Fund Given that it is a balanced advantage fund, it has the flexibility to keep the equity allocation anywhere between 0 and 100 per cent. The fund's equity and debt allocation will broadly depend on four key factors - macro conditions, prevailing market conditions, valuations and market sentiments. Equity allocation