LIC MF Balanced Advantage Fund Direct Growth

LIC MF Balanced Advantage Fund Direct Growth

Compare
Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 12.82 as on 22-05-2024

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 Rahul Singh, Yogesh Patil. This fund gives you the benefit of diversification.

Key Parameters

  1. LIC MF Balanced Advantage Fund Direct Growth has ₹886 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.
Fund Performance
zero opening, trading, fund transfer fee
139 people have invested ₹ 5.8L in LIC MF Balanced Advantage Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.56%
Benchmark
Benchmark
Nifty 50 Hybrid Comp Debt 50:50 TR INR
AUM
AUM
₹886 Cr
Inception Date
Inception Date
12 November, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
82.24%

LIC MF Balanced Advantage Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 51.7%

  • Debt & Cash 48.3%

Size breakup

Large cap
66.1%
Small cap
4.8%
Mid cap
3.9%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
42.5%
Tech
13.6%
Consumer Defensive
10.5%
Energy
9.6%
Consumer Cyclical
8.5%
Basic Materials
4.8%
Industrial
3.5%
Health
3%
Utilities
2.8%
Communication
1.3%

Top Holdings of LIC MF Balanced Advantage Fund Direct Growth as on (30-Apr-24)

  • Equity

  • Debt & Cash

Equity Holdings61
Debt Holdings7

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 886.1 Cr
₹ 891.4 Cr
₹ 900 Cr
  • AUM of the fund stands at 886.1 Cr as of Apr'24
  • AUM decreased by 5.3 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

Rahul Singh
Rahul Singh
Fund Manager of LIC MF Balanced Advantage Fund Direct Growth, since 12 November 2021
Yogesh Patil
Yogesh Patil
Fund Manager of LIC MF Balanced Advantage Fund Direct Growth, since 12 November 2021

LIC MF 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 an average annual returns of 10.29% since inception which is less than its category average return of 11.89%
Fund Allocations

Fund Allocations

This fund has an allocation of 51.68% in Equity, 22.94% in Debt and 25.38% in Cash related instruments
AUM size ₹886 Cr

AUM size ₹886 Cr

This fund has AUM of ₹886 Cr which is less than its category average of ₹ 8333 Cr
Expense Ratio 0.56%

Expense Ratio 0.56%

This fund has an expense ratio of 0.56% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of LIC MF Balanced Advantage Fund Direct Growth is ₹12.82 as on 22-May-2024.
Existing (Absolute + CAGR) as on 22-May-2024.
LIC MF Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.06%
2.06%
6 Month Returns
9.78%
9.78%
1 Year Returns
16.3%
16.3%
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.
0.56% as on April 2024
₹886 Cr as on April 2024
7.26% Govt Stock 2032(8.61%), HDFC Bank Ltd(8.52%), ICICI Bank Ltd(7.13%), Reliance Industries Ltd(6.81%), State Bank of India(4.85%) as on April 2024
Cash Equivalent(25.53%), Financial Services(21.95%), Government(19.79%) as on April 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%