Axis Balanced Advantage Fund Direct Growth

Hybrid
Direct
Dynamic Asset Allocation
Axis Balanced Advantage Fund Direct Growth

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 R Sivakumar, Hardik Shah, Ashish Naik. This fund gives you the benefit of diversification.

Key Parameters

  1. Axis Balanced Advantage Fund Direct Growth has ₹2184 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

Axis Balanced Advantage Fund Direct Growth has given a CAGR return of 11.48% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 28.43%, 14.81% and 13.13% respectively.

Holdings

Axis Balanced Advantage Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent, Financial Services, Corporate, Industrial, Energy, Consumer Cyclical, Tech, Health, Basic Materials, Consumer Defensive, Communication, Utilities, Real Estate.

Taxation

As it is a dynamic asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Axis Balanced Advantage Fund Direct Growth

To achieve the dual objective of capital appreciation by investing in a portfolio of equity or equity linked securities and generating income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Balanced Advantage Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
285 people have invested ₹ 69.9L in Axis Balanced Advantage Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
13
/15
24% Performance
53% Risk Management
13% Cost
13 out of 15 among dynamic asset allocation

Fund Overview

Expense ratio0.89%
Benchmark
null
AUM₹2184 Cr
Inception Date1 August, 2017
Min Lumpsum/SIP₹100/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
399.65%
Risk
Risk meter
pointer
Moderately High risk

Fund Distribution
as on (31-May-24)

  • Equity 65.2%

  • Debt & Cash 34.8%

Large cap
51.4%

Mid cap
8.5%

Small cap
7.7%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
33.2%
Industrial
12.9%
Energy
9.4%
Consumer Cyclical
8.6%
Tech
8.3%
Health
8.1%
Basic Materials
7.4%
Consumer Defensive
4.5%
Communication
3.3%
Utilities
3.3%
Real Estate
0.9%
All changes are between Oct'69 and Dec'69

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
Ashish Naik
Ashish Naik
Fund Manager of Axis Balanced Advantage Fund Direct Growth, since 1 March 2023

Mutual Fund Insights

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In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 24.94% return, outperforming this fund by 10.13% per annum.
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In the last 1 year, Quant Dynamic Asset Allocation Fund Direct Growth has given 64.89% return, outperforming this fund by 36.45%.
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Over the last 6 months, this fund has increased expense ratio by 12.7% moving from 0.79 to 0.89.
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Over the last 6 months, this fund has experienced a 12.7% growth in AUM moving from 1.93K Cr to 2.18K Cr.
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This fund expense ratio is slightly on the lower side within the category (dynamic asset allocation). Its expense ratio is 0.89% which is lower than the category average expense ratio of 1.14%.
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In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 19.7% return, outperforming this fund by 6.57% per annum.

Axis Balanced Advantage Fund Direct Growth 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 11.48% since inception which is less than its category average return of 12.64%
Fund Allocations

Fund Allocations

This fund has an allocation of 65.18% in Equity, 23.14% in Debt and 11.68% in Cash related instruments
AUM size ₹2184 Cr

AUM size ₹2184 Cr

This fund has AUM of ₹2184 Cr which is less than its category average of ₹ 8445 Cr
Expense Ratio 0.89%

Expense Ratio 0.89%

This fund has an expense ratio of 0.89% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of Axis Balanced Advantage Fund Direct Growth is ₹21.13 as on 20-Jun-2024.
Existing (Absolute + CAGR) as on 20-Jun-2024.
Axis Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.45%
4.45%
6 Month Returns
14.27%
14.27%
1 Year Returns
28.43%
28.43%
3 Years Returns
51.32%
14.81%
5 Years Returns
85.28%
13.13%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.89% as on May 2024
₹2184 Cr as on May 2024
7.25% Govt Stock 2063(8.34%), ICICI Bank Ltd(5.9%), HDFC Bank Ltd(4.88%), Reliance Industries Ltd(4.86%), 7.3% Govt Stock 2053(3.27%) as on May 2024
Financial Services(21.61%), Government(13.66%), Cash Equivalent(11.68%) as on May 2024
AAA
78.01
AA
19.7
A
2.29
R Sivakumar, Hardik Shah, Ashish Naik are the fund managers of Axis Balanced Advantage Fund Direct Growth
The Exit load of Axis Balanced Advantage Fund Direct Growth is 1%