Nippon India Balanced Advantage Fund Direct Growth Plan
Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 176.03 as on 24-04-2024
Fund Performance
1075 people have invested ₹ 69.8L in Nippon India Balanced Advantage Fund Direct Growth Plan in the last three months
Mutual Fund Insights
In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 26.64% return, outperforming this fund by 11.82% per annum.
This fund has one of the lowest expense ratio in the category (dynamic asset allocation). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.14%.
Over the last 1 month, this fund has increased expense ratio by 10.9% moving from 0.55 to 0.61.
In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 19.18% return, outperforming this fund by 6.07% per annum.
In the last 1 year, Quant Dynamic Asset Allocation Fund Direct Growth has given 61.42% return, outperforming this fund by 35.11%.
INDmoney Rank of Nippon India Balanced Advantage Fund Direct Growth Plan
Powered by IND quant engine
8
/15
24% Performance
50% Risk Management
54% Cost
8 out of 15 among dynamic asset allocation
About the Nippon India Balanced Advantage Fund Direct Growth Plan
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
- Nippon India Balanced Advantage Fund Direct Growth Plan has ₹7719 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.
Nippon India Balanced Advantage Fund Direct Growth Plan Overview
 | 0.61% |
 Benchmark | CRISIL Hybrid 50+50 - Moderate TR INR |
 | ₹7719 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 342.82% |
Nippon India Balanced Advantage Fund Direct Growth Plan Distribution as on (31-Mar-24)
Size breakup
Large cap
54.3%
Mid cap
11.9%
Small cap
2.1%
Sector Allocation
Financial Services
32.9%
Industrial
12%
Consumer Cyclical
11.8%
Consumer Defensive
10.4%
Tech
8.5%
Energy
6.3%
Health
5.5%
Communication
5.2%
Utilities
4.4%
Basic Materials
2.8%
Real Estate
0%
Top Holdings of Nippon India Balanced Advantage Fund Direct Growth Plan as on (31-Mar-24)
Equity Holdings67
Debt Holdings58
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 6.32% | 0% | |
 HDFC Bank Ltd | 5.04% | 0% | |
 Infosys Ltd | 3.68% | 0% | |
 Reliance Industries Ltd | 3.49% | 0% | |
 Bharti Airtel Ltd | 2.96% | 4.8% |
See all
Nippon India Balanced Advantage Fund Direct Growth Plan: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 7.7K Cr as of Mar'24
- AUM increased by 68.4 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Nippon India Balanced Advantage Fund Direct Growth Plan Fund Manager
Kinjal Desai
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth Plan, since 25 May 2018
Top funds managed
Amar Kalkundrikar
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth Plan, since 20 October 2020
Top funds managed
Sushil Budhia
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth Plan, since 31 March 2021
Top funds managed
Ashutosh Bhargava
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth Plan, since 7 May 2018
Top funds managed
Nippon India Balanced Advantage Fund Direct Growth Plan 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 12.79% since inception which is more than its category average return of 11.62%
Fund Allocations
This fund has an allocation of 56.71% in Equity, 24.53% in Debt and 18.06% in Cash related instruments
AUM size ₹7719 Cr
This fund has AUM of ₹7719 Cr which is less than its category average of ₹ 8144 Cr
Expense Ratio 0.61%
This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions
The current NAV of Nippon India Balanced Advantage Fund Direct Growth Plan is ₹176.03 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Nippon India Balanced Advantage Fund Direct Growth Plan | Absolute Returns | CAGR Returns |
1 Month Returns | 2.12% | 2.12% |
6 Month Returns | 14.98% | 14.98% |
1 Year Returns | 26.31% | 26.31% |
3 Years Returns | 51.39% | 14.82% |
5 Years Returns | 85.14% | 13.11% |
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0.61% as on March 2024
₹7719 Cr as on March 2024
ICICI Bank Ltd(6.32%), HDFC Bank Ltd(5.04%), Infosys Ltd(3.68%), Reliance Industries Ltd(3.49%), Bharti Airtel Ltd(2.96%) as on March 2024
Financial Services(18.64%), Cash Equivalent(18.35%), Corporate(14.62%) as on March 2024
AAA | 66.46 |
AA | 33.54 |
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%