Bandhan Balanced Advantage Fund Direct Growth

Bandhan Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 10 October, 2014. The fund is managed by Sumit Agrawal, Sachin Relekar. This fund gives you the benefit of diversification.

1. Bandhan Balanced Advantage Fund Direct Growth has ₹2264 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
2. The fund has an expense ratio 0.6.
   

Bandhan Balanced Advantage Fund Direct Growth has given a CAGR return of 10.38% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.17%, 11.23% and 13.38% respectively.

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

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).

The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity and equity related instruments; and for defensive purposes in equity derivatives. The secondary objective of the scheme will be to generate income and capital appreciation through investment in Debt & Money Market instruments.There is no assurance or guarantee that the objectives of the scheme will be realised.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Bandhan Balanced Advantage Fund Direct Growth has no lock in period.