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.

1. Shriram Balanced Advantage Fund Direct Growth has ₹61 Cr worth of assets under management (AUM) as on Apr 2025 and is less than category average.
2. The fund has an expense ratio 0.8.
   

Shriram Balanced Advantage Fund Direct Growth has given a CAGR return of 11.35% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 0.14%, 12.22% and 13.78% respectively.

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

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The primary objective of the Scheme is to generate capital appreciation with relatively lower volatility over a longer tenure of time. The Scheme will accordingly invest in equities, arbitrage opportunities, derivative strategies and debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. Shriram Balanced Advantage Fund Direct Growth has no lock in period.