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Home>Mutual Funds>Aditya Birla Sun Life Mutual Fund>Aditya Birla Sun Life Balanced Advantage Fund Direct Growth

Aditya Birla Sun Life Balanced Advantage Fund Direct Growth

Hybrid
Dynamic Asset Allocation
High Risk
10.65%
3Y annualised
+0.64% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 27 May 2022₹77.15
Min. SIP amount₹100
Rating3
Fund size₹6,760.98Cr

Returns and rankings

Category: Hybrid Dynamic Asset Allocation
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.5%10.7%9.0%11.6%
Category average24.8%9.3%9.1%NA
Rank with in category16116NA
Understand terms

Holdings (107)

NameSectorInstrumentAssets
Aditya Birla Sun Life Liquid Fund Direct-Growth
FinancialMutual Fund7.6%
Reliance Industries Ltd.EnergyEquity6.5%
HDFC Bank Ltd.FinancialEquity4.5%
ICICI Bank Ltd.FinancialEquity3.7%
ITC Ltd.Consumer StaplesEquity3.4%
Tata Steel Ltd.Metals & MiningEquity2.5%
Adani Ports and Special Economic Zone Ltd.ServicesEquity2.4%
Bajaj Finance Ltd.FinancialEquity2.3%
State Bank of IndiaFinancialEquity2.2%
Bharti Airtel Ltd.CommunicationEquity2.1%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

3Y and 5Y annualised returns higher than category average
Lower expense ratio: 0.46%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Cons

1Y annualised returns lower than category average by 12.91%

Expense ratio, exit load and tax

Expense ratio: 0.57%

Inclusive of GST

Exit load

0.25% for redemption within 7 days.

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

Lovelish Solanki
Oct 2019 - Present
View details

Education
He has done BMS and MMS in finance.
Experience
Prior to joining Aditya Birla Sun Life AMC Limited, he was Equity /Equity Derivatives - Trader at Union KBC Asset Management Co Limited since February 2011. Before that he worked at Edleweiss Asset Management Co. Ltd since January 2008.
Also manages these schemes

Mohit Sharma
Apr 2017 - Present
View details

Education
Mr. Sharma is B Tech (IIT - Madras) and PGDCM (IIM Calcutta).
Experience
Prior to joining Aditya Birla Sun Life AMC, he ran his own healthcare-tech business (June 2012 - May 2015). he has also worked as an Interest Rates Trader in Standard Chartered Bank (May 2007 - June 2011) and ICICI Bank Ltd (June 2006 - April 2007). He started his career in the Equity Research in Irevna Ltd (June 2005 - June 2006).
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
One India Bulls Center - Tower 1,17th Floor - Jupiter Mills Compound,841 Senapati Bhawan, Elphinstone Road, Mumbai 400013
Phone
022-43568000 / 1800-270-7000 / 1800-22-7000
Launch Date
23 Dec 1994
E-mail
NA
Website
NA
Amc Image
Aditya Birla Sun Life Mutual Fund
Asset Management Company
Custodian
NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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FAQs

How to Invest in Aditya Birla Sun Life Balanced Advantage Fund Direct Growth?

You can easily invest in Aditya Birla Sun Life Balanced Advantage Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Aditya Birla Sun Life Balanced Advantage Fund Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Aditya Birla Sun Life Balanced Advantage Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Aditya Birla Sun Life Balanced Advantage Fund Direct Growth provide?

The Aditya Birla Sun Life Balanced Advantage Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 4.50% since its inception.

How much expense ratio is charged by Aditya Birla Sun Life Balanced Advantage Fund Direct Growth?

The term Expense Ratio used for Aditya Birla Sun Life Balanced Advantage Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Aditya Birla Sun Life Balanced Advantage Fund Direct Growth is 0.57% as of 29 May 2022...

What is the AUM of Aditya Birla Sun Life Balanced Advantage Fund Direct Growth?

The AUM, short for Assets Under Management of Aditya Birla Sun Life Balanced Advantage Fund Direct Growth is ₹6,760.98Cr as of 29 May 2022.

How to Redeem Aditya Birla Sun Life Balanced Advantage Fund Direct Growth?

If you want to sell your Aditya Birla Sun Life Balanced Advantage Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Aditya Birla Sun Life Balanced Advantage Fund Direct Growth?

You can select either SIP or Lumpsum investment of Aditya Birla Sun Life Balanced Advantage Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Aditya Birla Sun Life Balanced Advantage Fund Direct Growth?

The NAV of Aditya Birla Sun Life Balanced Advantage Fund Direct Growth is ₹77.15 as of 27 May 2022.

What is the PE and PB ratio of Aditya Birla Sun Life Balanced Advantage Fund Direct Growth?

The PE ratio ratio of Aditya Birla Sun Life Balanced Advantage Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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