Axis Balanced Advantage Fund Direct IDCW

Hybrid
Dynamic Asset Allocation
Very High Risk
Payout
14.48%
3Y annualised
-0.55% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 12 Apr 2024₹13.48
Min. SIP amount₹100
Rating2
Fund size₹2,102.69Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Hybrid Dynamic Asset Allocation
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns28.3%14.5%12.2%10.8%
Category average24.6%13.2%11.8%NA
Rank with in category111213NA
Understand terms

Holdings (89)

NameSectorInstrumentAssets
SovereignGOI Sec9.41%
FinancialEquity5.98%
EnergyEquity5.24%
FinancialEquity3.85%
SovereignGOI Sec3.40%
TechnologyEquity3.30%
HealthcareEquity2.79%
ConstructionEquity2.67%
FinancialEquity2.66%
EnergyEquity2.02%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Cons

Lower expense ratio: 0.9%
Low rating: 2
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
Higher alpha: 2.5 The fund has generated returns higher than benchmark - NIFTY 50 Hybrid Composite debt 50:50 Index - in the last 3Y
Consistently higher annualised returns than category average for the past 1Y, 3Y and 5Y

Expense ratio, exit load and tax

Expense ratio: 0.90%

Inclusive of GST

Exit load

For units in excess of 10% of the investment,1% will be charged for redemption within 12 months

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹100
Min. for 2nd investment onwards₹100
Min. for SIP₹100

Fund management

Devang Shah
Apr 2024 - Present
View details

Education
Mr. Shah is B.Com and ACA.
Experience
Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013
Phone
022-24255161
Launch Date
04 Sep 2009
E-mail
NA
Axis Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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