Groww Logo
Home>Mutual Funds>Nippon India Mutual Fund>Nippon India Balanced Advantage Fund Direct IDCW

Nippon India Balanced Advantage Fund Direct IDCW

Hybrid
Dynamic Asset Allocation
High Risk
Payout
9.61%
3Y annualised
-0.03% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 01 Jul 2022₹34.91
Min. SIP amount₹100
Rating3
Fund size₹6,061.84Cr

Returns and rankings

Category: Hybrid Dynamic Asset Allocation
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns2.9%9.6%9.1%11.5%
Category average24.8%9.3%9.1%NA
Rank with in category812NANA
Understand terms

Holdings (108)

NameSectorInstrumentAssets
ICICI Bank Ltd.FinancialEquity5.6%
HDFC Bank Ltd.FinancialEquity4.6%
Infosys Ltd.TechnologyEquity4.3%
State Bank of IndiaFinancialEquity3.5%
Reliance Industries Ltd.EnergyEquity3.2%
GOI
SovereignCGL2.4%
Axis Bank Ltd.FinancialEquity2.1%
GOI
SovereignGOI Sec2.1%
ITC Ltd.Consumer StaplesEquity2.1%
Bharti Airtel Ltd.CommunicationEquity1.7%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Cons

3Y and 5Y annualised returns higher than category average
1Y annualised returns lower than category average by 21.9%
Higher alpha: 1.19 The fund has generated returns higher than benchmark - CRISIL Hybrid 50+50 Moderate Index - in the last 3Y
Lower expense ratio: 0.75%
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: 0.75%

Inclusive of GST

Exit load

For more than 10% of investments 1% will be charged if redeemed within 12 month

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

Manish Gunwani
May 2018 - Present
View details

Education
Mr. Gunwani is a B.Tech. and PGDM.
Experience
Prior to joining Nippon India Mutual Fund, he has worked with ICICI Prudential Mutual Fund as Fund Manager and as Analyst in various organisations: Vicisoft Technologies, Lehman Brothers, Brics Securities , Lucky Securities, SSKI Securities and Prime Securities.
Also manages these schemes

Ashutosh Bhargava
May 2018 - Present
View details

Education
Mr. Bhargava is B.Com & MBA (Finance)
Experience
Prior to joining Nippon India Mutual Fund he has worked with Reliance Capital Ltd and JP Morgan India Service Pvt. Ltd.
Also manages these schemes

Amar Kalkundrikar
Oct 2020 - Present
View details

Education
Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School.
Experience
Prior to joining Nippon India Mutual Fund, he has worked with HDFC Asset Management Company Limited where he has handled multiple roles in Investment – Equity function such as Portfolio Management for PMS business, & performing Equity research in various sectors such as Consumer Staples, Consumer Discretionary, Retail, Construction Materials.
Also manages these schemes

Sushil Budhia
Mar 2021 - Present
View details

Education
Mr. Budhia has done CA
Experience
Prior to joining Nippon India Mutual Fund, he has worked with YES Bank as Senior President, Axis Bank and UTI Mutual Fund.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
4th Floor, Tower A, Peninsula Business Park,Ganapatrao Kadam Marg,Lower Parel (W), Mumbai 400013
Phone
022-68334800 / 18602660111
Launch Date
30 Jun 1995
Website
NA
Amc Image
Nippon India 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,

Compare funds

Nippon India Balanced Advantage Fund Direct IDCW
VS
Add mutual fund to compare

FAQs

How to Invest in Nippon India Balanced Advantage Fund Direct IDCW?

You can easily invest in Nippon India Balanced Advantage Fund Direct IDCW 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 Nippon India Balanced Advantage Fund Direct IDCW 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 Nippon India Balanced Advantage Fund Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Nippon India Balanced Advantage Fund Direct IDCW provide?

The Nippon India Balanced Advantage Fund Direct IDCW has been there from 31 Dec 2012 and the average annual returns provided by this fund is 2.88% since its inception.

How much expense ratio is charged by Nippon India Balanced Advantage Fund Direct IDCW?

The term Expense Ratio used for Nippon India Balanced Advantage Fund Direct IDCW 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 Nippon India Balanced Advantage Fund Direct IDCW is 0.75% as of 04 Jul 2022...

What is the AUM of Nippon India Balanced Advantage Fund Direct IDCW?

The AUM, short for Assets Under Management of Nippon India Balanced Advantage Fund Direct IDCW is ₹6,061.84Cr as of 04 Jul 2022.

How to Redeem Nippon India Balanced Advantage Fund Direct IDCW?

If you want to sell your Nippon India Balanced Advantage Fund Direct IDCW 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 Nippon India Balanced Advantage Fund Direct IDCW?

You can select either SIP or Lumpsum investment of Nippon India Balanced Advantage Fund Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of Nippon India Balanced Advantage Fund Direct IDCW?

The NAV of Nippon India Balanced Advantage Fund Direct IDCW is ₹34.91 as of 01 Jul 2022.

What is the PE and PB ratio of Nippon India Balanced Advantage Fund Direct IDCW?

The PE ratio ratio of Nippon India Balanced Advantage Fund Direct IDCW 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).

Loading...
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 3.1.1
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI