Nippon India Balanced Advantage Fund Direct Growth Plan

Nippon India Balanced Advantage Fund Direct Growth Plan

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Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 179.21 as on 22-05-2024

About the Fund

Nippon India Balanced Advantage Fund Direct Growth Plan is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Kinjal Desai, Amar Kalkundrikar, Sushil Budhia, Ashutosh Bhargava. This fund gives you the benefit of diversification.

Key Parameters

  1. Nippon India Balanced Advantage Fund Direct Growth Plan has ₹7928 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
973 people have invested ₹ 85.2L in Nippon India Balanced Advantage Fund Direct Growth Plan in the last three months

Overview

Expense ratio
Expense ratio
0.55%
Benchmark
Benchmark
CRISIL Hybrid 50+50 - Moderate TR INR
AUM
AUM
₹7928 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
342.82%

Nippon India Balanced Advantage Fund Direct Growth Plan Distribution as on (30-Apr-24)

  • Equity 57.6%

  • Debt & Cash 42.4%

Size breakup

Large cap
53.9%
Mid cap
12.3%
Small cap
2.8%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
34.1%
Consumer Cyclical
12%
Industrial
11.7%
Consumer Defensive
10.9%
Tech
8.1%
Energy
6.1%
Communication
5.6%
Utilities
4.7%
Health
3.8%
Basic Materials
3.1%
Real Estate
0%

Top Holdings of Nippon India Balanced Advantage Fund Direct Growth Plan as on (30-Apr-24)

  • Equity

  • Debt & Cash

Equity Holdings70
Debt Holdings62

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 7.9K Cr
₹ 7.7K Cr
₹ 7.7K Cr
  • AUM of the fund stands at 7.9K Cr as of Apr'24
  • AUM increased by 209.1 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

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In the last 1 year, Quant Dynamic Asset Allocation Fund Direct Growth has given 63.54% return, outperforming this fund by 37.97%.
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Over the last 1 year, this fund has decreased expense ratio by 25.7% moving from 0.74 to 0.55.
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In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 19.93% return, outperforming this fund by 6.52% per annum.
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Over the last 1 month, this fund has experienced a 2.7% growth in AUM moving from 7.71K Cr to 7.92K Cr.
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This fund has one of the lowest expense ratio in the category (dynamic asset allocation). Its expense ratio is 0.55% which is lower than the category average expense ratio of 1.14%.
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In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 24.75% return, outperforming this fund by 10.76% per annum.

INDmoney Rank

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7
/15
24% Performance
56% Risk Management
54% Cost
7 out of 15 among dynamic asset allocation

Fund Manager

Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth Plan, since 25 May 2018
Amar Kalkundrikar
Amar Kalkundrikar
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth Plan, since 20 October 2020
Sushil Budhia
Sushil Budhia
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth Plan, since 31 March 2021
Ashutosh Bhargava
Ashutosh Bhargava
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth Plan, since 7 May 2018

Nippon India Balanced Advantage Fund Direct Growth Plan 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 12.88% since inception which is more than its category average return of 11.89%
Fund Allocations

Fund Allocations

This fund has an allocation of 57.65% in Equity, 23.72% in Debt and 18.63% in Cash related instruments
AUM size ₹7928 Cr

AUM size ₹7928 Cr

This fund has AUM of ₹7928 Cr which is less than its category average of ₹ 8333 Cr
Expense Ratio 0.55%

Expense Ratio 0.55%

This fund has an expense ratio of 0.55% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of Nippon India Balanced Advantage Fund Direct Growth Plan is ₹179.21 as on 22-May-2024.
Existing (Absolute + CAGR) as on 22-May-2024.
Nippon India Balanced Advantage Fund Direct Growth Plan
Absolute Returns
CAGR Returns
1 Month Returns
2.48%
2.48%
6 Month Returns
14.65%
14.65%
1 Year Returns
25.57%
25.57%
3 Years Returns
48.1%
13.99%
5 Years Returns
87.67%
13.42%
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0.55% as on April 2024
₹7928 Cr as on April 2024
ICICI Bank Ltd(6.48%), HDFC Bank Ltd(5.15%), Infosys Ltd(3.4%), Reliance Industries Ltd(3.36%), Bharti Airtel Ltd(3.11%) as on April 2024
Financial Services(19.64%), Cash Equivalent(18.63%), Corporate(14.4%) as on April 2024
AAA
65.51
AA
34.49
Kinjal Desai, Amar Kalkundrikar, Sushil Budhia, Ashutosh Bhargava are the fund managers of Nippon India Balanced Advantage Fund Direct Growth Plan
The Exit load of Nippon India Balanced Advantage Fund Direct Growth Plan is 1%