Fund Details
Nippon India Balanced Advantage Fund Direct Dividend
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 1.11% |
| NAV | ₹33.45 (21 Jan 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹2,885 Cr |
Returns
Comparison
1. 3Y Returns are higher than the category average returns
2. 5Y Returns are higher than the category average returns
1. Risk-adjusted returns are lower compared to the category
2. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 6.9% |
| ICICI Bank Ltd. | Financial | Equity | 6.0% |
| Infosys Ltd. | Technology | Equity | 5.5% |
| Reliance Industries Ltd. | Energy | Equity | 4.6% |
| Nirma Ltd. | FMCG | NCD | 4.3% |
| Cholamandalam Financial Holdings Ltd. | Financial | Equity | 2.7% |
| Axis Bank Ltd. | Financial | Equity | 2.6% |
| Indian Receivable Trust | Financial | Securitised Debt | 2.4% |
| ITC Ltd. | FMCG | Equity | 2.2% |
| IndInfravit Trust | Financial | NCD | 1.8% |
Fund Managers
Nippon India Balanced Advantage Fund Direct Dividend Details
Nippon India Balanced Advantage Fund Direct Dividend is a Hybrid Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Manish Gunwani, Ashutosh Bhargava is the Current Fund Manager of Nippon India Balanced Advantage Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹2,885 Cr and the Latest NAV as of 21 Jan 2021 is ₹33.45.
The Nippon India Balanced Advantage Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 100. For more than 10% of investments 1% will be charged if redeemed within 12 month
Investment Objective
The scheme seeks to capitalize on the potential upside in equity markets while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.
Tax Implications
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.
