| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 2.03% |
| NAV | ₹94.69 (18 Sep 2020) |
|---|---|
| Fund Started | 15 Nov 2004 |
| Fund Size | ₹2,905 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 6.1% |
| Reliance Industries Ltd. | Energy | Equity | 5.8% |
| ICICI Bank Ltd. | Financial | Equity | 5.3% |
| Infosys Ltd. | Technology | Equity | 4.6% |
| Nirma Ltd. | FMCG | NCD | 4.2% |
| India Infradebt Ltd. | Construction | NCD | 2.6% |
| Indian Receivable Trust | Financial | Securitised Debt | 2.6% |
| ITC Ltd. | FMCG | Equity | 2.5% |
| Axis Bank Ltd. | Financial | Equity | 2.4% |
| Cholamandalam Financial Holdings Ltd. | Financial | Equity | 2.3% |
Nippon India Balanced Advantage Fund Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹2,905 Cr and the Latest NAV as of 18 Sep 2020 is ₹94.69.
The Nippon India Balanced Advantage Fund Growth 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.