LIC MF Balanced Advantage Fund Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 12.5 as on 18-04-2024
Fund Performance
149 people have invested ₹ 3.8L in LIC MF Balanced Advantage Fund Direct Growth in the last three months
About the LIC MF Balanced Advantage Fund Direct Growth
LIC MF Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 12 November, 2021. The fund is managed by Rahul Singh, Yogesh Patil. This fund gives you the benefit of diversification.
Key Parameters
- LIC MF Balanced Advantage Fund Direct Growth has ₹891 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.6.
LIC MF Balanced Advantage Fund Direct Growth Overview
 | 0.55% |
 Benchmark | Nifty 50 Hybrid Comp Debt 50:50 TR INR |
 | ₹891 Cr |
 | 12 November, 2021 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 82.24% |
LIC MF Balanced Advantage Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
64.8%
Mid cap
3.8%
Small cap
2%
Sector Allocation
Financial Services
43.8%
Tech
14.3%
Consumer Defensive
10.3%
Energy
10%
Consumer Cyclical
8.4%
Basic Materials
4%
Health
3%
Industrial
2.5%
Utilities
2%
Communication
1.3%
Real Estate
0.3%
Top Holdings of LIC MF Balanced Advantage Fund Direct Growth as on (31-Mar-24)
Equity Holdings55
Debt Holdings8
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.07% | 0% | |
 ICICI Bank Ltd | 7.19% | -6.4% | |
 Reliance Industries Ltd | 6.85% | 0% | |
 State Bank of India | 5.43% | 0% | |
 ITC Ltd | 4.02% | 0% |
See all
LIC MF Balanced Advantage Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 891.4 Cr as of Mar'24
- AUM decreased by 8.5 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
LIC MF Balanced Advantage Fund Direct Growth Fund Manager
Rahul Singh
Fund Manager of LIC MF Balanced Advantage Fund Direct Growth, since 12 November 2021
Top funds managed
Yogesh Patil
Fund Manager of LIC MF Balanced Advantage Fund Direct Growth, since 12 November 2021
Top funds managed
LIC MF Balanced Advantage Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 9.74% since inception which is less than its category average return of 11.52%
Fund Allocations
This fund has an allocation of 53.18% in Equity, 22.84% in Debt and 23.98% in Cash related instruments
AUM size ₹891 Cr
This fund has AUM of ₹891 Cr which is less than its category average of ₹ 8144 Cr
Expense Ratio 0.55%
This fund has an expense ratio of 0.55% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions
The current NAV of LIC MF Balanced Advantage Fund Direct Growth is ₹12.5 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
LIC MF Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.03% | 1.03% |
6 Month Returns | 7.71% | 7.71% |
1 Year Returns | 16.5% | 16.5% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
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.
0.55% as on March 2024
₹891 Cr as on March 2024
7.26% Govt Stock 2032(8.57%), HDFC Bank Ltd(8.07%), ICICI Bank Ltd(7.19%), Reliance Industries Ltd(6.85%), State Bank of India(5.43%) as on March 2024
Cash Equivalent(23.98%), Financial Services(23.29%), Government(19.84%) as on March 2024
AAA | 100 |
Rahul Singh, Yogesh Patil are the fund managers of LIC MF Balanced Advantage Fund Direct Growth
The Exit load of LIC MF Balanced Advantage Fund Direct Growth is 1%