IDFC Balanced Advantage Fund Direct Growth

Hybrid
Dynamic Asset Allocation
Very High Risk
10.90%
3Y annualised
-0.97% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 23 Sep 2022₹20.04
Min. SIP amount₹100
Rating3
Fund size₹3,044.88Cr

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 returns-0.1%10.9%9.6%9.1%
Category average4.4%12.0%7.8%NA
Rank with in category22145NA
Understand terms

Holdings (56)

NameSectorInstrumentAssets
GOI
SovereignGOI Sec9.8%
ICICI Bank Ltd.FinancialEquity7.7%
Infosys Ltd.TechnologyEquity5.1%
Reliance Industries Ltd.EnergyEquity4.9%
Bajaj Finance Ltd.FinancialEquity4.6%
HDFC Bank Ltd.FinancialEquity4.0%
Reserve Bank of India
FinancialT-Bills3.5%
Bharti Airtel Ltd.CommunicationEquity3.2%
Hindustan Unilever Ltd.Consumer StaplesEquity2.6%
Axis Bank Ltd.
FinancialCD2.4%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Cons

5Y annualised returns higher than category average by 1.76%
Consistently lower annualised returns than category average for the past 1Y and 3Y
Lower expense ratio: 0.54%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Expense ratio, exit load and tax

Expense ratio: 0.54%

Inclusive of GST

Exit load

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

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₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹100

Fund management

Sachin Relekar
Mar 2022 - Present
View details

Education
Mr. Relekar is an MMS(Finance) from Jamnalal Bajaj Institute of Management Studies Mumbai and B.E (Mechanical) from K.E.S. College of Engineering Islampur.
Experience
Prior to joining IDFC AMC he has worked with LIC Mutual Fund, Tata AMC, CD Equity Search, Innovision Consulting and Tech Pacific India.
Also manages these schemes

Sumit Agrawal
Mar 2017 - Present
View details

Brijesh Shah
Jul 2022 - Present
View details

Education
Mr. Shah is a Post Graduate Diploma in Finance.
Experience
Prior to joining IDFC Mutual Fund he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Unit No. 27, Ground Floor,Khetan Bhavan,198, Jamshedji Tata Road,Churchgate, Mumbai 400020
Phone
022-24398777 / 24399999 / 66289999
Launch Date
20 Dec 1999
Website
NA
IDFC Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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