Sundaram Balanced Advantage Fund Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV as on 22-10-2024
₹ 40.03
1D
Inception Returns
11.2%
/yr
About Sundaram Balanced Advantage Fund Direct Growth
Sundaram Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Dwijendra Srivastava, S. Bharath, Ravi Gopalakrishnan. This fund gives you the benefit of diversification.
Key Parameters
- Sundaram Balanced Advantage Fund Direct Growth has ₹1574 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Sundaram Balanced Advantage Fund Direct Growth has given a CAGR return of 11.18% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 24.30%, 12.91% and 12.79% respectively.
Holdings
Sundaram Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government, Financial Services, Corporate, Tech, Consumer Cyclical, Energy, Health, Industrial, Consumer Defensive, Securitize, Basic Materials, Communication, Utilities.
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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Sundaram Balanced Advantage Fund Direct Growth
The investment objective of the Scheme is to provide accrual income and capital apprection by investing in a mix of equity, debt, REITs/InvITs and equity derivatives that are managed dynamically. No Guarantee: There is no guarantee or assurance that the investment objective of the scheme will be achieved. Investors are neither being offered any guaranteed / indicated returns nor any guarantee on repayment of capital by the Schemes. There is also no guarantee of capital or return either by the mutual Fund or by the sponsor or by the asset management company.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Sundaram Balanced Advantage Fund Direct Growth has no lock in period.
Historical NAV & Returns
Sundaram Balanced Advantage Fund Direct Growth Overview
| Expense ratio | 0.59% |
Benchmark | null |
| AUM | ₹1574 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 244.71% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   High Risk |
Trailing Returns
as on (22-Oct-24)
Fund Distribution
as on (30-Sep-24)
- AUM of the fund stands at 1.6K Cr as of Sep'24
- AUM has remained same between Sep'24 and Aug'24
Top 3 Sectors in September were Government, Financial Services & Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6.82% | 0% | |
 Reliance Industries Ltd | 5.83% | 0% | |
 ICICI Bank Ltd | 4.46% | 0% | |
 Infosys Ltd | 3.83% | 0% | |
 Bharti Airtel Ltd | 2.6% | 0% |
Mutual Fund Insights
Sundaram Balanced Advantage Fund Direct Growth Highlights
High Risk
About the fund
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.59%
Frequently Asked Questions for Sundaram Balanced Advantage Fund Direct Growth
Sundaram Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.55% | -1.55% |
6 Month Returns | 12.09% | 12.09% |
1 Year Returns | 24.3% | 24.3% |
3 Years Returns | 43.96% | 12.91% |
5 Years Returns | 82.58% | 12.79% |
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- 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.
AAA | 97.53 |