Hybrid
Direct
Dynamic Asset Allocation
NAV as on 12-11-2024
₹ 12.13
1D
Inception Returns
17.2%
/yr
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.
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%.
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.
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).
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 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.
Expense ratio | 0.53% |
Benchmark | Nifty 50 Hybrid Composite Debt 50:50 |
AUM | ₹3078 Cr |
Inception Date | 10 August, 2023 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 23.56% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Moderately High risk |
as on (12-Nov-24)
as on (30-Sep-24)
Top 3 Sectors in September were Financial Services, Government & Corporate
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% |
AAA | 100 |