Hybrid
Direct
Dynamic Asset Allocation
NAV as on 11-12-2024
₹ 194.56
Inception Returns
13%
/yr
Nippon India Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Ashutosh Bhargava, Amar Kalkundrikar, Sushil Budhia, Kinjal Desai. This fund gives you the benefit of diversification.
Nippon India Balanced Advantage Fund Direct Growth has given a CAGR return of 13.04% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 19.62%, 13.99% and 14.79% respectively.
Nippon India Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Financial Services, Government, Industrial, Tech, Consumer Cyclical, Consumer Defensive, Communication, Utilities, Basic Materials, Energy, Securitize, Health, 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 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 in equity markets 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.There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Nippon India Balanced Advantage Fund Direct Growth has no lock in period.
Expense ratio | 0.58% |
Benchmark | CRISIL Hybrid 50+50 - Moderate TR INR |
AUM | ₹8850 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 324.12% |
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 (11-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Corporate, Financial Services & Government
Nippon India Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.15% | 2.15% |
6 Month Returns | 6.96% | 6.96% |
1 Year Returns | 19.62% | 19.62% |
3 Years Returns | 48.11% | 13.99% |
5 Years Returns | 99.33% | 14.79% |
AAA | 72.25 |
AA | 27.75 |