Nippon India Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Meenakshi Dawar is the Current Fund Manager of Nippon India Balanced Advantage Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹2,406 Cr and the Latest NAV as of 18 Oct 2019 is ₹96.07.
The Nippon India Balanced Advantage Fund Direct Growth 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.
To generate optimal returns by investing in equity or equity related instruments primarily drawn from the Companies in the BSE 200 index.
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