Nippon India Balanced Advantage Fund Direct Dividend is a Hybrid Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Manish Gunwani, Ashutosh Bhargava is the Current Fund Manager of Nippon India Balanced Advantage Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹2,495 Cr and the Latest NAV as of 21 Nov 2019 is ₹31.03.
The Nippon India Balanced Advantage Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 100. For more than 10% of investments 1% will be charged if redeemed within 12 month.
The investment objective of the scheme is 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.
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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
For more than 10% of investments 1% will be charged if redeemed within 12 month