Axis Balanced Advantage Fund Direct Growth
Axis Balanced Advantage Fund Direct Growth

Axis Balanced Advantage Fund Direct Growth

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Hybrid
Direct
Dynamic Asset Allocation

NAV: ₹ 16.3 as on 02-06-2023

Fund Performance
zero opening, trading, fund transfer fee
181 people have invested ₹ 9L in Axis Balanced Advantage Fund Direct Growth in the last three months

Fund Insights

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In the last 1 year, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 19.1% return, outperforming Axis Balanced Advantage Fund Direct Growth by 8.05%

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In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 28.23% return, outperforming Axis Balanced Advantage Fund Direct Growth by 14.79% per annum

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In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 14.06% return, outperforming Axis Balanced Advantage Fund Direct Growth by 5.4% per annum

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Over the last 15 months, Axis Balanced Advantage Fund Direct Growth has decreased expense ratio by 18.6% moving from 0.86 to 0.70

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Axis Balanced Advantage Fund Direct Growth has one of the lowest expense ratio in the category (dynamic asset allocation). Its expense ratio is 0.7% which is lower than the category average expense ratio of 1.18%

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Over the last 6 months, Axis Balanced Advantage Fund Direct Growth has experienced a 15.8% drop in AUM moving from 2.41K Cr to 2.02K Cr

INDmoney Rank

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9
/14
24% Performance
44% Risk Management
55% Cost
9 out of 14 among dynamic asset allocation

About the Fund

Axis Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 1 August, 2017. The fund is managed by Ashish Naik, R Sivakumar, Hardik Shah. This fund gives you the benefit of diversification.

Key Parameters

  1. Axis Balanced Advantage Fund Direct Growth has a NAV of ₹16.3 as on 02-06-2023.
  2. Axis Balanced Advantage Fund Direct Growth has ₹2029 Cr worth of assets under management (AUM) as on 30-04-2023 and is less than category average.
  3. The fund has an expense ratio 0.7.

Axis Balanced Advantage Fund Direct Growth Overview

Expense ratio
Expense ratio
0.7%
Benchmark
Benchmark
AUM
AUM
₹2029 Cr
Inception Date
Inception Date
1 August, 2017
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
313.13%

Fund Distribution as on (30-Apr-23)

  • Equity 58.8%

  • Debt & Cash 41.2%

Size breakup

Large cap
60%
Mid cap
7.7%
Small cap
2.9%

Sector Allocation

Apr'23

Mar'23

Feb'23

Financial Services

39.7%

Basic Materials

14.9%

Tech

13%

Health

6.7%

Consumer Cyclical

6.4%

Consumer Defensive

5.6%

Industrial

5.3%

Energy

4.9%

Communication

2%

Utilities

1.5%

Top Holdings of Axis Balanced Advantage Fund Direct Growth as on (31-May-23)

  • Equity

Equity Holdings51

Axis Balanced Advantage Fund Direct Growth: Monthly Changes Updates

All changes are between Feb'23 and Apr'23

Fund Performance

Apr'23
Mar'23
Feb'23
Fund Returns
-0.39%
-0.39%
-0.39%
Dynamic Asset Allocation Index
-0.54%
-0.54%
-0.54%
  • This fund’s returns stands at -0.39% whereas the fund’s underlying benchmark Dynamic Asset Allocation Index returns stands at -0.54% as on Apr'23
  • This fund outperformed Dynamic Asset Allocation Index by 0.15% in Apr'23

AUM Change

Parameters
Apr'23
Mar'23
Feb'23
AUM
₹ 2K Cr
₹ 2K Cr
₹ 2.1K Cr
  • AUM of the fund stands at 2K Cr as of Apr'23
  • AUM increased by 6.3 Cr between Apr'23 and Mar'23

Fund Portfolio Changes

Axis Balanced Advantage Fund Direct Growth Fund Manager

Ashish Naik

Ashish Naik

Fund Manager of Axis Balanced Advantage Fund Direct Growth, since 1 March 2023
R Sivakumar

R Sivakumar

Fund Manager of Axis Balanced Advantage Fund Direct Growth, since 1 August 2017
Hardik Shah

Hardik Shah

Fund Manager of Axis Balanced Advantage Fund Direct Growth, since 31 January 2022

Fund Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.71% since inception which is less than its category average return of 9.14%
Fund Allocations

Fund Allocations

This fund has an allocation of 58.83% in Equity, 19.6% in Debt and 21.57% in Cash related instruments
AUM size ₹2029 Cr

AUM size ₹2029 Cr

This fund has AUM of ₹2029 Cr which is less than its category average of ₹ 7429 Cr
Expense Ratio 0.7%

Expense Ratio 0.7%

This fund has an expense ratio of 0.7% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions

The current NAV of Axis Balanced Advantage Fund Direct Growth is ₹16.28 as on 02-Jun-2023.
Existing (Absolute + CAGR) as on 02-Jun-2023.
Axis Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.69%
3.69%
6 Month Returns
2.52%
2.52%
1 Year Returns
11.05%
11.05%
3 Years Returns
46.01%
13.45%
5 Years Returns
51.44%
8.65%
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0.7% as on May 2023
₹2029 Cr as on May 2023
HDFC Bank Ltd(7.38%), ICICI Bank Ltd(6.92%), Kotak Mahindra Bank Ltd(5.5%), Infosys Ltd(4.25%), Bajaj Finance Ltd(3.65%) as on May 2023
Financial Services(23.36%), Cash Equivalent(21.57%), Corporate(11.05%) as on May 2023
AAA
76.7
AA
16.13
A
7.17
Ashish Naik, R Sivakumar, Hardik Shah are the fund managers of Axis Balanced Advantage Fund Direct Growth
The Exit load of Axis Balanced Advantage Fund Direct Growth is 1%