SBI Balanced Advantage Fund Direct Growth

SBI Balanced Advantage Fund Direct Growth

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Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 14.42 as on 17-05-2024

About the Fund

SBI Balanced Advantage Fund invests in a mix of stocks and debt securities with the aim of providing investors with both capital appreciation and income safety.

SBI Balanced Advantage Fund is a mutual fund scheme that aims to provide investors with long-term capital appreciation along with the benefit of asset allocation.

This is a dynamic fund which means that the fund manager has the liberty to change allocation between equity and debt according to prevalent market conditions.This fund is suitable for investors who are looking for a well-managed, diversified investment portfolio that aims to provide long-term capital growth.

Key Parameters

  1. SBI Balanced Advantage Fund Direct Growth has ₹29753 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.
Fund Performance
zero opening, trading, fund transfer fee
1723 people have invested ₹ 2.6Cr in SBI Balanced Advantage Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.69%
Benchmark
Benchmark
Nifty 50 Hybrid Composite Debt 50:50
AUM
AUM
₹29753 Cr
Inception Date
Inception Date
31 August, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
404%

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

  • Equity 35.3%

  • Debt & Cash 64.7%

Size breakup

Large cap
53.5%
Mid cap
13.7%
Small cap
2.3%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
30.6%
Utilities
12.8%
Energy
11.5%
Industrial
9.9%
Consumer Cyclical
8.4%
Tech
6.2%
Health
5.5%
Basic Materials
5.3%
Communication
4.3%
Consumer Defensive
3%
Real Estate
2.5%

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

  • Equity

  • Debt & Cash

Equity Holdings75
Debt Holdings27

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 29.8K Cr
₹ 28.8K Cr
₹ 28.1K Cr
  • AUM of the fund stands at 29.8K Cr as of Apr'24
  • AUM increased by 930.1 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

Mohit Jain
Mohit Jain
Fund Manager of SBI Balanced Advantage Fund Direct Growth, since 31 August 2021
Dinesh Ahuja
Dinesh Ahuja
Fund Manager of SBI Balanced Advantage Fund Direct Growth, since 31 August 2021
Dinesh Balachandran
Dinesh Balachandran
Fund Manager of SBI Balanced Advantage Fund Direct Growth, since 31 August 2021

SBI Balanced Advantage Fund Direct Growth Highlights

Risk meter
pointer

High Risk

Investors understand that their principal will be at High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 14.46% since inception which is more than its category average return of 11.78%
Fund Allocations

Fund Allocations

This fund has an allocation of 35.27% in Equity, 27.34% in Debt and 37.38% in Cash related instruments
AUM size ₹29753 Cr

AUM size ₹29753 Cr

This fund has AUM of ₹29753 Cr which is more than its category average of ₹ 8333 Cr
Expense Ratio 0.69%

Expense Ratio 0.69%

This fund has an expense ratio of 0.69% which is less than its category average expense ratio of 1.37%

Frequently Asked Questions

The current NAV of SBI Balanced Advantage Fund Direct Growth is ₹14.42 as on 17-May-2024.
Existing (Absolute + CAGR) as on 17-May-2024.
SBI Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.65%
1.65%
6 Month Returns
15.02%
15.02%
1 Year Returns
25.64%
25.64%
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.
0.69% as on April 2024
₹29753 Cr as on April 2024
7.18% Govt Stock 2033(6.38%), ICICI Bank Ltd(4.96%), HDFC Bank Ltd(4.84%), GAIL (India) Ltd(3.75%), Axis Bank Ltd(3.32%) as on April 2024
Cash Equivalent(37.38%), Government(17.56%), Financial Services(10.81%) as on April 2024
AAA
80.34
AA
13.04
Mohit Jain, Dinesh Ahuja, Dinesh Balachandran are the fund managers of SBI Balanced Advantage Fund Direct Growth
The Exit load of SBI Balanced Advantage Fund Direct Growth is 1%