Shriram Balanced Advantage Fund Direct Growth

Shriram Balanced Advantage Fund Direct Growth

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Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 18.38 as on 27-02-2024
Fund Performance
zero opening, trading, fund transfer fee
2 people have invested ₹ 10K in Shriram Balanced Advantage Fund Direct Growth in the last three months

About the Shriram Balanced Advantage Fund Direct Growth

Shriram Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 5 July, 2019. The fund is managed by Gargi Banerjee. This fund gives you the benefit of diversification.

Key Parameters

  1. Shriram Balanced Advantage Fund Direct Growth has ₹45 Cr worth of assets under management (AUM) as on Jan 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Shriram Balanced Advantage Fund Direct Growth Overview

Expense ratio
Expense ratio
0.6%
Benchmark
Benchmark
Nifty 50 Hybrid Comp Debt 50:50 TR INR
AUM
AUM
₹45 Cr
Inception Date
Inception Date
5 July, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
120%

Shriram Balanced Advantage Fund Direct Growth Distribution as on (31-Jan-24)

  • Equity 67.4%

  • Debt & Cash 32.6%

Size breakup

Large cap
52.1%
Mid cap
11.1%
Small cap
4.2%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
24%
Consumer Cyclical
16.9%
Energy
14.6%
Industrial
11.8%
Tech
10.9%
Health
6.9%
Communication
4.1%
Consumer Defensive
3.9%
Basic Materials
3.9%
Utilities
3.1%

Top Holdings of Shriram Balanced Advantage Fund Direct Growth as on (31-Jan-24)

  • Equity

  • Debt & Cash

Equity Holdings46
Debt Holdings3

Shriram Balanced Advantage Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 44.8 Cr
₹ 43.9 Cr
₹ 42.1 Cr
  • AUM of the fund stands at 44.8 Cr as of Jan'24
  • AUM increased by 0.9 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Shriram Balanced Advantage Fund Direct Growth Fund Manager

Gargi Banerjee
Gargi Banerjee
Fund Manager of Shriram Balanced Advantage Fund Direct Growth, since 5 July 2019

Shriram 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 13.99% since inception which is more than its category average return of 12.23%
Fund Allocations

Fund Allocations

This fund has an allocation of 67.41% in Equity, 14.59% in Debt and 18% in Cash related instruments
AUM size ₹45 Cr

AUM size ₹45 Cr

This fund has AUM of ₹45 Cr which is less than its category average of ₹ 8132 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 Shriram Balanced Advantage Fund Direct Growth is ₹18.38 as on 27-Feb-2024.
Existing (Absolute + CAGR) as on 27-Feb-2024.
Shriram Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.43%
4.43%
6 Month Returns
21.67%
21.67%
1 Year Returns
30.14%
30.14%
3 Years Returns
49.3%
14.29%
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 January 2024
₹45 Cr as on January 2024
Rural Electrification Corporation Limited(5.67%), HDFC Bank Ltd(5.62%), Reliance Industries Ltd(5.39%), LIC Housing Finance Limited(4.62%), 6.54% Govt Stock 2032(4.31%) as on January 2024
Cash Equivalent(18%), Financial Services(16.19%), Consumer Cyclical(11.38%) as on January 2024
AAA
100
Gargi Banerjee is the fund manager of Shriram Balanced Advantage Fund Direct Growth
The Exit load of Shriram Balanced Advantage Fund Direct Growth is 1%