NJ Balanced Advantage Fund Direct Growth

NJ Balanced Advantage Fund Direct Growth

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Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 13.56 as on 23-05-2024

About the Fund

NJ Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 29 October, 2021. The fund is managed by . This fund gives you the benefit of diversification.

Key Parameters

  1. NJ Balanced Advantage Fund Direct Growth has ₹3872 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
45 people have invested ₹ 4L in NJ Balanced Advantage Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.6%
Benchmark
Benchmark
Nifty 50 Hybrid Composite Debt 50:50
AUM
AUM
₹3872 Cr
Inception Date
Inception Date
29 October, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
198.58%

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

  • Equity 51.3%

  • Debt & Cash 48.7%

Size breakup

Large cap
56.7%
Mid cap
20.9%
Small cap
11%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
31.3%
Tech
18.4%
Energy
11%
Industrial
10.7%
Consumer Cyclical
6.6%
Utilities
6.4%
Consumer Defensive
4.9%
Health
4.8%
Basic Materials
4.8%
Communication
1.3%

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

  • Equity

  • Debt & Cash

Equity Holdings106
Debt Holdings9

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 4K Cr
₹ 4K Cr
₹ 4K Cr
  • AUM of the fund stands at 4K Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

NJ 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 12.6% since inception which is more than its category average return of 12.14%
Fund Allocations

Fund Allocations

This fund has an allocation of 51.26% in Equity, 0.63% in Debt and 48.11% in Cash related instruments
AUM size ₹3872 Cr

AUM size ₹3872 Cr

This fund has AUM of ₹3872 Cr which is less than its category average of ₹ 8333 Cr
Expense Ratio 0.6%

Expense Ratio 0.6%

This fund has an expense ratio of 0.6% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of NJ Balanced Advantage Fund Direct Growth is ₹13.56 as on 23-May-2024.
Existing (Absolute + CAGR) as on 23-May-2024.
NJ Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.73%
2.73%
6 Month Returns
15.21%
15.21%
1 Year Returns
31.27%
31.27%
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.
0.6% as on April 2024
₹3872 Cr as on April 2024
HDFC Bank Ltd(8.64%), Reliance Industries Ltd(3.21%), Tata Consultancy Services Ltd(3.18%), Indian Railway Catering And Tourism Corp Ltd(2.97%), Central Depository Services (India) Ltd(2.82%) as on April 2024
Cash Equivalent(46.83%), Financial Services(16.05%), Tech(9.41%) as on April 2024
AAA
100
The Exit load of NJ Balanced Advantage Fund Direct Growth is 1%