| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 0.80% |
| NAV | ₹28.49 (03 Jul 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹2,664 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 5.1% |
| HDFC Bank Ltd. | Financial | Equity | 5.0% |
| ICICI Bank Ltd. | Financial | Equity | 4.9% |
| Nirma Ltd. | FMCG | NCD | 4.6% |
| Infosys Ltd. | Technology | Equity | 4.5% |
| Indian Receivable Trust | Financial | Securitised Debt | 2.9% |
| ITC Ltd. | FMCG | Equity | 2.9% |
| India Infradebt Ltd. | Construction | NCD | 2.8% |
| Embassy Office Parks REIT | Construction | ZCB | 1.9% |
| IndInfravit Trust | Financial | NCD | 1.9% |
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 ₹2,664 Cr and the Latest NAV as of 03 Jul 2020 is ₹28.49.
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
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.