MUMBAI: SBI Mutual Fund unveiled its Balanced Advantage Fund (BAF) today with a unique withdrawal feature - SWP (Automated) or SWP (A). Under this withdrawal plan, the investor can designate a percentage withdrawal from the scheme every month, every quarter or every year. Like other Balanced Advantage/Dynamic Asset Allocation Funds, the SBI Balanced Advantage Fund will use a combination of equity, debt and arbitrage to move between equity and debt. For retirees who want regular income, a fixed amount is likely to be more useful than a percentage withdrawal. However, for those willing to accept volatility in income, a percentage withdrawal can mitigate the risk of using up one’s money.

Source: Mint August 11, 2021 11:14 UTC