6M
1Y
3Y
5Y
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Fund Details
Nippon India Balanced Advantage Fund Growth
| Risk | High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 2.28% |
| NAV | ₹109.79 (02 Mar 2021) |
|---|---|
| Fund Started | 15 Nov 2004 |
| Fund Size | ₹2,887 Cr |
Returns
1Y
3Y*
5Y*
Since inception*
Fund Returns
18.6%
8.6%
13.5%
12.3%
Category Average
16.7%
7.5%
9.8%
-
Rank Within Category
12
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount₹100
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
₹0
with 18.6% returns per annum
Comparison
Data not available
Pros
1. Age is more than 10 years
2. 5Y Returns are higher than the category average returns
3. 10Y Returns are higher than the category average returns
Cons
1. Higher expense ratio - 2.01%
2. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 6.0% |
| Infosys Ltd. | Technology | Equity | 6.0% |
| ICICI Bank Ltd. | Financial | Equity | 5.3% |
| Reliance Industries Ltd. | Energy | Equity | 4.2% |
| Nirma Ltd. | FMCG | NCD | 3.4% |
| Axis Bank Ltd. | Financial | Equity | 2.9% |
| ITC Ltd. | FMCG | Equity | 2.3% |
| Indian Receivable Trust | Financial | Securitised Debt | 2.2% |
| Cholamandalam Financial Holdings Ltd. | Financial | Equity | 2.1% |
| Hindustan Unilever Ltd. | FMCG | Equity | 2.0% |
See All
Fund Managers
Prashant R Pimple
Education
Mr. Pimple is a MBA (Finance) and CTM.
Experience
Prior to joining Reliance Mutual Fund he has worked with Fidelity Mutual Fund, ICICI Bank, Bank of Bahrain & Kuwait, Saraswat Co-op Bank Ltd. and SIDBI.
Funds Managed
Manish Gunwani
Education
Mr. Gunwani is a B.Tech. and PGDM.
Experience
Prior to joining Reliance Mutual Fund, he has worked with ICICI Prudential Mutual Fund as Fund Manager and as Analyst in various organisations: Vicisoft Technologies, Lehman Brothers, Brics Securities , Lucky Securities, SSKI Securities and Prime Securities
Funds Managed
Ashutosh Bhargava
Education
Mr. Bhargava is B.Com & MBA (Finance)
Experience
He had worked with Reliance AMC as deputy investment strategist, investment strategist & Fund Manager. He had also worked with Reliance Capital Ltd and JP Morgan India Service Pvt. Ltd as Economist.
Funds Managed
Amar Kalkundrikar
Education
Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School.
Experience
Prior to joining Nippon India Mutual Fund, he has worked with HDFC Asset Management Company Limited where he has handled multiple roles in Investment – Equity function such as Portfolio Management for PMS business, & performing Equity research in various sectors such as Consumer Staples, Consumer Discretionary, Retail, Construction Materials.
Funds Managed
Nippon India Balanced Advantage Fund Growth Details
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 ₹2,887 Cr and the Latest NAV as of 02 Mar 2021 is ₹109.79.
The Nippon India Balanced Advantage Fund Growth is rated 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
Investment Objective
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.
Tax Implications
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)
₹100
Min for First Investment
₹100
Min for Second Investment
For more than 10% of investments 1% will be charged if redeemed within 12 month
Exit Load
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About Nippon India Mutual Fund
Address
Corporate Office : Reliance Centre, 7th Floor South Wing, OFf Western Express Highway, Santacruz(E) Mumbai-400055
Phone
022-33031000/30301111
Launch Date
30 Jun 1995
Website
NANippon India Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Website
www.karvymfs.comSimilar Funds
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