NJ Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl

Hybrid
Direct
Dynamic Asset Allocation
NJ Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl

About the Fund

NJ Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl has ₹3861 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

NJ Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl has given a CAGR return of 13.36% since inception. Over the last 1 year the fund has given a CAGR return of 30.64%.

Holdings

NJ Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Industrial, Energy, Utilities, Consumer Cyclical, Basic Materials, Health, Consumer Defensive, Government, Communication, 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 NJ Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl

The investment objective of the Scheme is to generate capital appreciation by dynamically allocating its assets between equity and specified debt securities. However, 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 500.00 and for SIP is INR 100.00. NJ Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.6%
Benchmark
Nifty 50 Hybrid Composite Debt 50:50
AUM₹3861 Cr
Inception Date29 October, 2021
Min Lumpsum/SIP₹500/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
198.58%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 51.2%

  • Debt & Cash 48.8%

Large cap
58.2%

Mid cap
22.7%

Small cap
8.8%

Sector Allocation

May'24

Apr'24

Mar'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%
All changes are between Oct'69 and Dec'69

NJ Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl 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 13.36% since inception which is more than its category average return of 12.56%
Fund Allocations

Fund Allocations

This fund has an allocation of 51.19% in Equity, 0% in Debt and 48.81% in Cash related instruments
AUM size ₹3861 Cr

AUM size ₹3861 Cr

This fund has AUM of ₹3861 Cr which is less than its category average of ₹ 8445 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 Payout Inc Dist cum Cap Wdrl is ₹13.9 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
NJ Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
5.06%
5.06%
6 Month Returns
12.73%
12.73%
1 Year Returns
30.64%
30.64%
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 May 2024
₹3861 Cr as on May 2024
HDFC Bank Ltd(8.73%), Reliance Industries Ltd(3.29%), Tata Consultancy Services Ltd(3.05%), Indian Railway Catering And Tourism Corp Ltd(2.91%), Bharat Electronics Ltd(2.79%) as on May 2024
Cash Equivalent(47.53%), Financial Services(16.43%), Tech(8.87%) as on May 2024
AAA
100
The Exit load of NJ Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl is 1%