UTI Balanced Advantage Fund Direct Growth

UTI Balanced Advantage Fund Direct Growth

Hybrid

Direct

Dynamic Asset Allocation

NAV as on 12-11-2024

₹ 12.13

-0.6%

1D

Inception Returns

17.2%

/yr

About UTI Balanced Advantage Fund Direct Growth

UTI Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 10 August, 2023. The fund is managed by Anurag Mittal, Sachin Trivedi. This fund gives you the benefit of diversification.

Key Parameters

  1. UTI Balanced Advantage Fund Direct Growth has ₹3078 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

UTI Balanced Advantage Fund Direct Growth has given a CAGR return of 17.25% since inception. Over the last 1 year the fund has given a CAGR return of 20.29%.

Holdings

UTI Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Tech, Consumer Cyclical, Industrial, Basic Materials, Energy, Consumer Defensive, Communication, Utilities, Health, 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 UTI Balanced Advantage Fund Direct Growth

The scheme intends to provide long-term capital appreciation and income by investing in a dynamically managed portfolio of equity and debt instruments. 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 5000.00 and for SIP is INR 500.00. UTI Balanced Advantage Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
290 people have invested ₹ 29.2L in UTI Balanced Advantage Fund Direct Growth in the last three months

UTI Balanced Advantage Fund Direct Growth Overview

Expense ratio0.53%
Benchmark
Nifty 50 Hybrid Composite Debt 50:50
AUM₹3078 Cr
Inception Date10 August, 2023
Min Lumpsum/SIP₹5000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
23.56%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Moderately High risk

Trailing Returns

as on (12-Nov-24)

Period
UTI Balanced Advantage Fund Direct Growth
Dynamic Asset Allocation Index
1M
-1.9%
-2.8%
3M
1.4%
-0.8%
6M
8.8%
7%
1Y
20.3%
20.9%

Fund Distribution

as on (30-Sep-24)

  • Equity 45.6%

  • Debt & Cash 54.4%

Large cap
59.5%

Mid cap
5.3%

Small cap
3.2%

Sector Allocation

Sep'24

Aug'24

Jul'24

Financial Services
33%
Consumer Cyclical
11.2%
Tech
11%
Industrial
9.2%
Basic Materials
8.5%
Energy
7.3%
Consumer Defensive
6.6%
Communication
6.5%
Utilities
3.5%
Health
3.2%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 3K Cr
₹ 3K Cr
₹ 3K Cr
  • AUM of the fund stands at 3K Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24

Top 3 Sectors in September were Financial Services, Government & Corporate

Sep'24
Financial Services
33%
Government
30%
Corporate
21%
Aug'24
Financial Services
33%
Government
31%
Corporate
20%
Fund
Sep'24
Aug'24
Jul'24
No of Holdings
119
121
128
Top 5 Company Concentration
22.4%
24.3%
23.7%
Company having highest exposure
HDFC Bank Ltd (7.9%)
HDFC Bank Ltd (8.2%)
HDFC Bank Ltd (8.1%)
No of Sectors
12
12
12
Top 5 Sectors Concentration
105.6%
107.4%
108.1%
Sector having highest exposure
Financial Services (33%)
Financial Services (32.7%)
Government (32.8%)
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Anurag Mittal
Anurag Mittal
Fund Manager of UTI Balanced Advantage Fund Direct Growth, since 10 August 2023
Sachin Trivedi
Sachin Trivedi
Fund Manager of UTI Balanced Advantage Fund Direct Growth, since 10 August 2023
Fund House
UTI Asset Management Co Ltd
Total Schemes
Total AUM
₹2.29L Cr
as on 30-Sep-2024
Address
PMS Division, UTI - Tower, “Gn” Block, Bandra Kurla Complex, Mumbai- 400051
Phone
+912266786666
Website
service@uti.co.in

UTI Balanced Advantage Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

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

About the fund

This fund has delivered an average annual returns of 17.25% since inception which is more than its category average return of 11.57%
Fund Allocations

Fund Allocations

This fund has an allocation of 45.56% in Equity, 27.97% in Debt and 26.47% in Cash related instruments
AUM size ₹3078 Cr

AUM size ₹3078 Cr

This fund has AUM of ₹3078 Cr which is less than its category average of ₹ 9018 Cr
Expense Ratio 0.53%

Expense Ratio 0.53%

This fund has an expense ratio of 0.53% which is less than its category average expense ratio of 1.35%

Frequently Asked Questions for UTI Balanced Advantage Fund Direct Growth

The current NAV of UTI Balanced Advantage Fund Direct Growth is ₹12.13 as on 12-Nov-2024.
Existing (Absolute + CAGR) as on 12-Nov-2024.
UTI Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-1.94%
-1.94%
6 Month Returns
8.75%
8.75%
1 Year Returns
20.29%
20.29%
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.
0.53% as on October 2024
₹3078 Cr as on October 2024
HDFC Bank Ltd(8.45%), 7.06% Govt Stock 2028(6.61%), ICICI Bank Ltd(4.07%), Reliance Industries Ltd(3.85%), Bharti Airtel Ltd(3.46%) as on October 2024
Cash Equivalent(26.75%), Government(15.37%), Financial Services(15.15%) as on October 2024
AAA
100
Anurag Mittal, Sachin Trivedi are the fund managers of UTI Balanced Advantage Fund Direct Growth
The Exit load of UTI Balanced Advantage Fund Direct Growth is 1%