LIC MF Balanced Advantage Fund Direct Growth
About the Fund
LIC MF Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 12 November, 2021. The fund is managed by Yogesh Patil, Rahul Singh. This fund gives you the benefit of diversification.
Key Parameters
- LIC MF Balanced Advantage Fund Direct Growth has ₹882 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
LIC MF Balanced Advantage Fund Direct Growth has given a CAGR return of 12.14% since inception. Over the last 1 year the fund has given a CAGR return of 17.26%.
Holdings
LIC MF Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Tech, Consumer Cyclical, Energy, Consumer Defensive, Corporate, Industrial, Basic Materials, Utilities, Health, Communication.
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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of LIC MF Balanced Advantage Fund Direct Growth
The investment objective of the scheme is to provide capital appreciation/ income to the investors from a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. LIC MF Balanced Advantage Fund Direct Growth has no lock in period.
Fund Overview
| Expense ratio | 0.56% |
Benchmark | Nifty 50 Hybrid Comp Debt 50:50 TR INR |
| AUM | ₹882 Cr |
| Inception Date | 12 November, 2021 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 82.24% |
| Risk |   Moderately High risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.9% | -6.1% | |
 Reliance Industries Ltd | 6.72% | -8% | |
 ICICI Bank Ltd | 6.42% | 0% | |
 Mahindra & Mahindra Ltd | 5.15% | 0% | |
 Infosys Ltd | 3.97% | 0% |
LIC MF Balanced Advantage Fund Direct Growth Highlights
Moderately High risk
About the fund
Fund Allocations
AUM size ₹882 Cr
Expense Ratio 0.56%
Frequently Asked Questions
LIC MF Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.78% | 2.78% |
6 Month Returns | 11.64% | 11.64% |
1 Year Returns | 17.26% | 17.26% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
AAA | 100 |