|Min SIP Amount||₹100|
|NAV||₹27.23 (21 Jan 2021)|
|Fund Started||15 Nov 2004|
|Fund Size||₹2,885 Cr|
|HDFC Bank Ltd.||Financial||Equity||6.9%|
|ICICI Bank Ltd.||Financial||Equity||6.0%|
|Reliance Industries Ltd.||Energy||Equity||4.6%|
|Cholamandalam Financial Holdings Ltd.||Financial||Equity||2.7%|
|Axis Bank Ltd.||Financial||Equity||2.6%|
|Indian Receivable Trust||Financial||Securitised Debt||2.4%|
Nippon India Balanced Advantage Fund Dividend is a Hybrid Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 15 Nov 2004. Meenakshi Dawar is the Current Fund Manager of Nippon India Balanced Advantage Fund 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 ₹27.23.
The Nippon India Balanced Advantage Fund 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 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.
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.