SBI Balanced Advantage Fund Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 14.3 as on 25-04-2024
Fund Performance
1735 people have invested ₹ 2.1Cr in SBI Balanced Advantage Fund Direct Growth in the last three months
About the SBI Balanced Advantage Fund Direct Growth
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
- SBI Balanced Advantage Fund Direct Growth has ₹28823 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.7.
SBI Balanced Advantage Fund Direct Growth Overview
 | 0.71% |
 Benchmark | Nifty 50 Hybrid Composite Debt 50:50 |
 | ₹28823 Cr |
 | 31 August, 2021 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 404% |
SBI Balanced Advantage Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
53.5%
Mid cap
13.7%
Small cap
2.3%
Sector Allocation
Financial Services
29.8%
Utilities
11.9%
Energy
11.8%
Industrial
10%
Consumer Cyclical
8.9%
Tech
6.7%
Health
5.9%
Basic Materials
5.3%
Communication
4%
Consumer Defensive
3.1%
Real Estate
2.6%
Top Holdings of SBI Balanced Advantage Fund Direct Growth as on (31-Mar-24)
Equity Holdings74
Debt Holdings26
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 4.87% | 0% | |
 HDFC Bank Ltd | 4.76% | 11.4% | |
 GAIL (India) Ltd | 3.35% | 0% | |
 Axis Bank Ltd | 3.07% | 0% | |
 Tata Motors Ltd | 2.86% | -2% |
See all
SBI Balanced Advantage Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 28.8K Cr as of Mar'24
- AUM increased by 726.7 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
SBI Balanced Advantage Fund Direct Growth Fund Manager
Dinesh Balachandran
Fund Manager of SBI Balanced Advantage Fund Direct Growth, since 31 August 2021
Top funds managed
Dinesh Ahuja
Fund Manager of SBI Balanced Advantage Fund Direct Growth, since 31 August 2021
Top funds managed
Mohit Jain
Fund Manager of SBI Balanced Advantage Fund Direct Growth, since 31 August 2021
Top funds managed
SBI Balanced Advantage Fund Direct Growth Highlights
Moderately High risk
Investors understand that their principal will be at Moderately High risk
About the fund
This fund has delivered an average annual returns of 14.44% since inception which is more than its category average return of 11.79%
Fund Allocations
This fund has an allocation of 35.4% in Equity, 28.4% in Debt and 36.2% in Cash related instruments
AUM size ₹28823 Cr
This fund has AUM of ₹28823 Cr which is more than its category average of ₹ 8144 Cr
Expense Ratio 0.71%
This fund has an expense ratio of 0.71% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions
The current NAV of SBI Balanced Advantage Fund Direct Growth is ₹14.3 as on 25-Apr-2024.
Existing (Absolute + CAGR) as on 25-Apr-2024.
SBI Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.66% | 2.66% |
6 Month Returns | 16.79% | 16.79% |
1 Year Returns | 27.27% | 27.27% |
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.
0.71% as on March 2024
₹28823 Cr as on March 2024
7.18% Govt Stock 2033(6.65%), ICICI Bank Ltd(4.87%), HDFC Bank Ltd(4.76%), GAIL (India) Ltd(3.35%), Axis Bank Ltd(3.07%) as on March 2024
Cash Equivalent(36.2%), Government(18.3%), Financial Services(10.54%) as on March 2024
AAA | 79.45 |
AA | 13.85 |
Dinesh Balachandran, Dinesh Ahuja, Mohit Jain are the fund managers of SBI Balanced Advantage Fund Direct Growth
The Exit load of SBI Balanced Advantage Fund Direct Growth is 1%