| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 0.99% |
| NAV | ₹20.06 (25 Sep 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹2,414 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 6.1% |
| ICICI Bank Ltd. | Financial | Equity | 5.1% |
| Reliance Industries Ltd. | Energy | Equity | 4.6% |
| Infosys Ltd. | Technology | Equity | 3.9% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.6% |
| Bharti Airtel Ltd. | Communication | Equity | 3.1% |
| HDB Financial Services Ltd. | Financial | Bonds/NCD | 2.9% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.4% |
| National Thermal Power Corp. Ltd. | Energy | Equity | 2.3% |
| ITC Ltd. | FMCG | Equity | 2.2% |
Aditya Birla Sun Life Balanced Advantage Fund Direct Dividend is a Hybrid Mutual Fund Scheme launched by Aditya Birla Sun Life Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Vineet Maloo, Mohit Sharma is the Current Fund Manager of Aditya Birla Sun Life Balanced Advantage Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹2,414 Cr and the Latest NAV as of 25 Sep 2020 is ₹20.06.
The Aditya Birla Sun Life Balanced Advantage Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 100. Exit load of 1% if units in excess of 15% are redeemed or switched-out within 1 year
The Scheme seeks to generate long term growth of capital and income distribution with relatively lower volatility by investing in a dynamically balanced portfolio of Equity & Equity linked investments and fixed-income securities.
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.