LIC MF Balanced Advantage Fund Direct Growth

Hybrid
Dynamic Asset Allocation
Very High Risk
1M
6M
1Y
All
NAV: 23 Feb 2024₹12.45
Min. SIP amount₹1,000
RatingNA
Fund size₹925.38Cr

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
Absolute returns
3M6M1YAll
Fund returns6.0%7.3%15.2%24.0%
Category averageNANA23.7%NA
Rank with in category272828NA
Understand terms

Holdings (76)

NameSectorInstrumentAssets
FinancialEquity9.22%
SovereignGOI Sec8.41%
FinancialEquity7.85%
EnergyEquity6.72%
FinancialEquity5.65%
TechnologyEquity4.80%
Consumer StaplesEquity3.99%
Tata Capital Housing Finance Ltd.
FinancialCP3.65%
TechnologyEquity3.34%
Consumer StaplesEquity2.88%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Cons

Lower expense ratio: 0.51%
1Y annualised returns lower than category average by 6.12%

Expense ratio, exit load and tax

Expense ratio: 0.51%

Inclusive of GST

Exit load

For units in excess of 12% of the investment,1% will be charged for redemption within 3 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₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000

Fund management

Rahul Singh
Oct 2021 - Present
View details

Education
Mr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.
Experience
Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).
Also manages these schemes

Jaiprakash Toshniwal
Jun 2022 - Present
View details

Fund house & investment objective

Fund house contact details

Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Launch Date
20 Apr 1994
LIC Mutual Fund
Asset Management Company
Custodian
Standard Chartered 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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