Hybrid
Direct
Dynamic Asset Allocation
NAV as on 06-12-2024
₹ 11.34
1D
Inception Returns
13.4%
/yr
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.
Bajaj Finserv Balanced Advantage Fund Direct Growth has given a CAGR return of 13.44% since inception.
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.
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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
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 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.
Expense ratio | 0.55% |
Benchmark | Nifty 50 Hybrid Composite Debt 50:50 |
AUM | ₹1308 Cr |
Inception Date | 15 December, 2023 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 82.07% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (06-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Government, Financial Services & Consumer Defensive
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% |
AAA | 100 |