Bajaj Finserv Balanced Advantage Fund Direct Growth

Bajaj Finserv Balanced Advantage Fund Direct Growth

Hybrid

Direct

Dynamic Asset Allocation

NAV as on 06-12-2024

₹ 11.34

-0.1%

1D

Inception Returns

13.4%

/yr

About Bajaj Finserv Balanced Advantage Fund Direct Growth

Bajaj Finserv Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 15 December, 2023. The fund is managed by Siddharth Chaudhary, Sorbh Gupta. This fund gives you the benefit of diversification.

Key Parameters

  1. Bajaj Finserv Balanced Advantage Fund Direct Growth has ₹1308 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Bajaj Finserv Balanced Advantage Fund Direct Growth has given a CAGR return of 13.44% since inception.

Holdings

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

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 Bajaj Finserv Balanced Advantage Fund Direct Growth

The investment objective of the scheme is to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. Bajaj Finserv Balanced Advantage Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
365 people have invested ₹ 7L in Bajaj Finserv Balanced Advantage Fund Direct Growth in the last three months

Bajaj Finserv Balanced Advantage Fund Direct Growth Overview

Expense ratio0.55%
Benchmark
Nifty 50 Hybrid Composite Debt 50:50
AUM₹1308 Cr
Inception Date15 December, 2023
Min Lumpsum/SIP₹500/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
82.07%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
Bajaj Finserv Balanced Advantage Fund Direct Growth
Dynamic Asset Allocation Index
1M
0.1%
1.1%
3M
-1%
-0%
6M
4.7%
7.3%

Fund Distribution

as on (31-Oct-24)

  • Equity 71.6%

  • Debt & Cash 28.4%

Large cap
70.8%

Mid cap
5.9%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
23%
Consumer Defensive
17.2%
Tech
11.4%
Energy
10.4%
Consumer Cyclical
9.5%
Basic Materials
9.3%
Health
9.1%
Industrial
4.5%
Communication
3.8%
Utilities
1.7%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.3K Cr
₹ 1.3K Cr
₹ 1.3K Cr
  • AUM of the fund stands at 1.3K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24

Top 3 Sectors in October were Government, Financial Services & Consumer Defensive

Oct'24
Government
35%
Financial Services
23%
Consumer Defensive
17%
Sep'24
Government
35%
Financial Services
23%
Consumer Defensive
17%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
79
79
76
Top 5 Company Concentration
23.7%
23.7%
24.8%
Company having highest exposure
HDFC Bank Ltd (6.8%)
HDFC Bank Ltd (6.8%)
HDFC Bank Ltd (6.7%)
No of Sectors
12
12
12
Top 5 Sectors Concentration
97.4%
97.4%
104.1%
Sector having highest exposure
Government (35.4%)
Government (35.4%)
Government (31.9%)
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Siddharth Chaudhary
Siddharth Chaudhary
Fund Manager of Bajaj Finserv Balanced Advantage Fund Direct Growth, since 15 December 2023
Sorbh Gupta
Sorbh Gupta
Fund Manager of Bajaj Finserv Balanced Advantage Fund Direct Growth, since 15 December 2023
Fund House
Bajaj Finserv Asset Management Limited
Total AUM
₹16.08K Cr
as on 31-Oct-2024
Address
India
Phone
+912071576064
Website

Bajaj Finserv Balanced Advantage Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered returns of 13.44% since inception (15th December 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 71.58% in Equity, 10.05% in Debt and 18.37% in Cash related instruments
AUM size ₹1308 Cr

AUM size ₹1308 Cr

This fund has AUM of ₹1308 Cr which is less than its category average of ₹ 8943 Cr
Expense Ratio 0.55%

Expense Ratio 0.55%

This fund has an expense ratio of 0.55% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions for Bajaj Finserv Balanced Advantage Fund Direct Growth

The current NAV of Bajaj Finserv Balanced Advantage Fund Direct Growth is ₹11.34 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
Bajaj Finserv Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.05%
0.05%
6 Month Returns
4.71%
4.71%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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0.55% as on November 2024
₹1308 Cr as on November 2024
HDFC Bank Ltd(8.62%), Reliance Industries Ltd(6.03%), Infosys Ltd(4.93%), Tata Consultancy Services Ltd(4.37%), ICICI Bank Ltd(3.77%) as on November 2024
Financial Services(16.46%), Cash Equivalent(15.78%), Consumer Defensive(12.29%) as on November 2024
AAA
100
Siddharth Chaudhary, Sorbh Gupta are the fund managers of Bajaj Finserv Balanced Advantage Fund Direct Growth
The Exit load of Bajaj Finserv Balanced Advantage Fund Direct Growth is 1%