Axis Balanced Advantage Fund Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 19.86 as on 24-04-2024
Fund Performance
257 people have invested ₹ 88.7L in Axis Balanced Advantage Fund Direct Growth in the last three months
Mutual Fund Insights
This fund expense ratio is slightly on the lower side within the category (dynamic asset allocation). Its expense ratio is 0.95% which is lower than the category average expense ratio of 1.14%.
In the last 1 year, Quant Dynamic Asset Allocation Fund Direct Growth has given 61.42% return, outperforming this fund by 32.8%.
Over the last 1 month, this fund has experienced a 2.2% growth in AUM moving from 2.05K Cr to 2.10K Cr.
Over the last 1 month, this fund has increased expense ratio by 11.8% moving from 0.85 to 0.95.
In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 26.64% return, outperforming this fund by 12.22% per annum.
In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 19.18% return, outperforming this fund by 7.18% per annum.
INDmoney Rank of Axis Balanced Advantage Fund Direct Growth
Powered by IND quant engine
11
/15
24% Performance
51% Risk Management
6% Cost
11 out of 15 among dynamic asset allocation
About the Axis Balanced Advantage Fund Direct Growth
Axis Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 1 August, 2017. The fund is managed by Hardik Shah, R Sivakumar, Ashish Naik. This fund gives you the benefit of diversification.
Key Parameters
- Axis Balanced Advantage Fund Direct Growth has ₹2103 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 1.
Axis Balanced Advantage Fund Direct Growth Overview
 | 0.95% |
 Benchmark | null |
 | ₹2103 Cr |
 | 1 August, 2017 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 399.65% |
Axis Balanced Advantage Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
51.1%
Mid cap
9.4%
Small cap
4.3%
Sector Allocation
Financial Services
33%
Tech
11%
Industrial
10.5%
Energy
10.4%
Consumer Cyclical
9.7%
Health
9.1%
Basic Materials
5.7%
Consumer Defensive
4.5%
Utilities
3.1%
Communication
2.4%
Real Estate
0.6%
Top Holdings of Axis Balanced Advantage Fund Direct Growth as on (31-Mar-24)
Equity Holdings59
Debt Holdings30
Axis Balanced Advantage Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 2.1K Cr as of Mar'24
- AUM increased by 44.9 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Axis Balanced Advantage Fund Direct Growth Fund Manager
Hardik Shah
Fund Manager of Axis Balanced Advantage Fund Direct Growth, since 31 January 2022
Top funds managed
R Sivakumar
Fund Manager of Axis Balanced Advantage Fund Direct Growth, since 1 August 2017
Top funds managed
Ashish Naik
Fund Manager of Axis Balanced Advantage Fund Direct Growth, since 1 March 2023
Top funds managed
Axis Balanced Advantage Fund Direct Growth Highlights
Moderately High risk
Investors understand that their principal will be at Moderately High risk
About the fund
This fund has delivered an average annual returns of 10.7% since inception which is less than its category average return of 11.62%
Fund Allocations
This fund has an allocation of 68.62% in Equity, 27.76% in Debt and 3.62% in Cash related instruments
AUM size ₹2103 Cr
This fund has AUM of ₹2103 Cr which is less than its category average of ₹ 8144 Cr
Expense Ratio 0.95%
This fund has an expense ratio of 0.95% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions
The current NAV of Axis Balanced Advantage Fund Direct Growth is ₹19.86 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Axis Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.28% | 1.28% |
6 Month Returns | 15.77% | 15.77% |
1 Year Returns | 28.62% | 28.62% |
3 Years Returns | 49.81% | 14.42% |
5 Years Returns | 76.18% | 11.99% |
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.
0.95% as on March 2024
₹2103 Cr as on March 2024
7.25% Govt Stock 2063(9.41%), ICICI Bank Ltd(5.98%), Reliance Industries Ltd(5.24%), HDFC Bank Ltd(3.85%), 7.3% Govt Stock 2053(3.4%) as on March 2024
Financial Services(22.63%), Government(16.74%), Corporate(9.57%) as on March 2024
AAA | 78.38 |
AA | 21.22 |
A | 0.4 |
Hardik Shah, R Sivakumar, Ashish Naik are the fund managers of Axis Balanced Advantage Fund Direct Growth
The Exit load of Axis Balanced Advantage Fund Direct Growth is 1%