Nippon India Balanced Advantage Fund Direct Growth

Nippon India Balanced Advantage Fund Direct Growth

Hybrid

Direct

Dynamic Asset Allocation

NAV as on 11-12-2024

₹ 194.56

Inception Returns

13%

/yr

About Nippon India Balanced Advantage Fund Direct Growth

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.

Key Parameters

  1. Nippon India Balanced Advantage Fund Direct Growth has ₹8850 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

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.

Holdings

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.

Taxation

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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Nippon India Balanced Advantage Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1285 people have invested ₹ 1.5Cr in Nippon India Balanced Advantage Fund Direct Growth in the last three months

INDmoney Rank for Nippon India Balanced Advantage Fund Direct Growth

Powered by IND quant engine
6
/17
25% Performance
60% Risk Management
70% Cost
6 out of 17 among dynamic asset allocation

Nippon India Balanced Advantage Fund Direct Growth Overview

Expense ratio0.58%
Benchmark
CRISIL Hybrid 50+50 - Moderate TR INR
AUM₹8850 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
324.12%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (11-Dec-24)

Period
Nippon India Balanced Advantage Fund Direct Growth
Dynamic Asset Allocation Index
1M
2.1%
1.9%
3M
0.3%
-0.3%
6M
7%
6.1%
1Y
19.6%
18.4%
3Y
14%
12.6%
5Y
14.8%
13.7%

Fund Distribution

as on (31-Oct-24)

  • Equity 56.9%

  • Debt & Cash 43.1%

Large cap
51.8%

Mid cap
12.4%

Small cap
3.4%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
29.9%
Industrial
12.4%
Tech
12.1%
Consumer Defensive
11.7%
Consumer Cyclical
10.3%
Communication
6.4%
Utilities
4.9%
Basic Materials
4%
Energy
3.4%
Health
3.1%
Real Estate
1.9%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 8.8K Cr
₹ 9K Cr
₹ 8.8K Cr
  • AUM of the fund stands at 8.8K Cr as of Oct'24
  • AUM decreased by 199.8 Cr between Oct'24 and Sep'24

Top 3 Sectors in October were Corporate, Financial Services & Government

Oct'24
Corporate
39%
Financial Services
30%
Government
21%
Sep'24
Corporate
35%
Financial Services
30%
Government
19%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
183
175
180
Top 5 Company Concentration
21.9%
22%
22.1%
Company having highest exposure
ICICI Bank Ltd (6.1%)
ICICI Bank Ltd (5.9%)
ICICI Bank Ltd (5.8%)
No of Sectors
14
14
14
Top 5 Sectors Concentration
114.1%
108.2%
109.9%
Sector having highest exposure
Corporate (38.9%)
Corporate (34.8%)
Corporate (34.2%)
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Ashutosh Bhargava
Ashutosh Bhargava
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth, since 7 May 2018
Amar Kalkundrikar
Amar Kalkundrikar
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth, since 20 October 2020
Sushil Budhia
Sushil Budhia
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth, since 31 March 2021
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth, since 25 May 2018
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.29L Cr
as on 31-Oct-2024
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in

Mutual Fund Insights

Insights icon
In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 23.15% return, outperforming this fund by 9.17% per annum.
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In the last 1 year, Quant Dynamic Asset Allocation Fund Direct Growth has given 31.17% return, outperforming this fund by 11.54%.
Insights icon
This fund has one of the lowest expense ratio in the category (dynamic asset allocation). Its expense ratio is 0.58% which is lower than the category average expense ratio of 1.13%.
Insights icon
In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 21.91% return, outperforming this fund by 7.12% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 10.0% growth in AUM moving from 8.04K Cr to 8.85K Cr.
Insights icon
Over the last 15 months, this fund has increased expense ratio by 11.5% moving from 0.52 to 0.58.

Nippon India 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 13.04% since inception which is more than its category average return of 12.42%
Fund Allocations

Fund Allocations

This fund has an allocation of 56.86% in Equity, 25.05% in Debt and 18.09% in Cash related instruments
AUM size ₹8850 Cr

AUM size ₹8850 Cr

This fund has AUM of ₹8850 Cr which is less than its category average of ₹ 8948 Cr
Expense Ratio 0.58%

Expense Ratio 0.58%

This fund has an expense ratio of 0.58% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions for Nippon India Balanced Advantage Fund Direct Growth

The current NAV of Nippon India Balanced Advantage Fund Direct Growth is ₹194.56 as on 11-Dec-2024.
Existing (Absolute + CAGR) as on 11-Dec-2024.
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%
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0.58% as on November 2024
₹8850 Cr as on November 2024
ICICI Bank Ltd(6.08%), HDFC Bank Ltd(5.85%), Infosys Ltd(4.35%), Bharti Airtel Ltd(3.42%), NTPC Ltd(2.19%) as on November 2024
Cash Equivalent(17.56%), Financial Services(17.09%), Corporate(16.1%) as on November 2024
AAA
72.25
AA
27.75
Ashutosh Bhargava, Amar Kalkundrikar, Sushil Budhia, Kinjal Desai are the fund managers of Nippon India Balanced Advantage Fund Direct Growth
The Exit load of Nippon India Balanced Advantage Fund Direct Growth is 1%