UTI Balanced Advantage Fund Direct Growth

Hybrid
Direct
Dynamic Asset Allocation
UTI Balanced Advantage Fund Direct Growth

About the Fund

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

Key Parameters

  1. UTI Balanced Advantage Fund Direct Growth has ₹2865 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

UTI Balanced Advantage Fund Direct Growth has given a CAGR return of 17.41% since inception.

Holdings

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

Fund Performance
zero opening, trading, fund transfer fee
176 people have invested ₹ 6L in UTI Balanced Advantage Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.38%
Benchmark
Nifty 50 Hybrid Composite Debt 50:50
AUM₹2865 Cr
Inception Date10 August, 2023
Min Lumpsum/SIP₹5000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 52.2%

  • Debt & Cash 47.8%

Large cap
58.2%

Mid cap
5.1%

Small cap
2.5%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
30.8%
Consumer Cyclical
13%
Industrial
12.1%
Tech
10.3%
Energy
7.2%
Consumer Defensive
7%
Communication
5.7%
Basic Materials
5.5%
Health
4.6%
Utilities
3.8%
All changes are between Oct'69 and Dec'69

Sachin Trivedi
Sachin Trivedi
Fund Manager of UTI Balanced Advantage Fund Direct Growth, since 10 August 2023
Anurag Mittal
Anurag Mittal
Fund Manager of UTI Balanced Advantage Fund Direct Growth, since 10 August 2023

UTI 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 returns of 17.41% since inception (10nd Aug 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 52.17% in Equity, 26.05% in Debt and 21.79% in Cash related instruments
AUM size ₹2865 Cr

AUM size ₹2865 Cr

This fund has AUM of ₹2865 Cr which is less than its category average of ₹ 8445 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of UTI Balanced Advantage Fund Direct Growth is ₹11.73 as on 19-Jun-2024.
Existing (Absolute + CAGR) as on 19-Jun-2024.
UTI Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.05%
3.05%
6 Month Returns
8.92%
8.92%
1 Year Returns
0%
0%
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.
0.38% as on May 2024
₹2865 Cr as on May 2024
7.06% Govt Stock 2028(6.98%), HDFC Bank Ltd(6.72%), ICICI Bank Ltd(6.07%), 7.38% Govt Stock 2027(3.52%), Reliance Industries Ltd(3.41%) as on May 2024
Cash Equivalent(17.03%), Financial Services(16.08%), Government(15.57%) as on May 2024
AAA
100
Sachin Trivedi, Anurag Mittal are the fund managers of UTI Balanced Advantage Fund Direct Growth
The Exit load of UTI Balanced Advantage Fund Direct Growth is 1%