Fund Details
Nippon India Balanced Advantage Fund Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 2.00% |
| NAV | ₹99.29 (25 Nov 2020) |
|---|---|
| Fund Started | 15 Nov 2004 |
| Fund Size | ₹2,779 Cr |
Returns
as per Historical Returns
Comparison
1. Age is more than 10 years
2. Age is more than 10 years
3. 5Y Returns are higher than the category average returns
1. Risk-adjusted returns are lower compared to the category
2. Risk is higher compared to the benchmark
3. Higher expense ratio
4. 1Y Returns are lower than the benchmark
5. 3Y Returns are lower than the benchmark
6. 5Y Returns are lower than the benchmark
7. Risk-adjusted returns are lower compared to the category
8. Higher expense ratio - 2.05%
9. 1Y Returns are lower than the category average returns
10. 3Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 6.5% |
| ICICI Bank Ltd. | Financial | Equity | 5.6% |
| Infosys Ltd. | Technology | Equity | 5.5% |
| Reliance Industries Ltd. | Energy | Equity | 5.4% |
| Nirma Ltd. | FMCG | NCD | 4.4% |
| Axis Bank Ltd. | Financial | Equity | 2.5% |
| Indian Receivable Trust | Financial | Securitised Debt | 2.5% |
| ITC Ltd. | FMCG | Equity | 2.3% |
| Cholamandalam Financial Holdings Ltd. | Financial | Equity | 2.1% |
| Muthoot Fincorp Ltd. | Financial | NCD | 1.8% |
Fund Managers
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 ₹2,779 Cr and the Latest NAV as of 25 Nov 2020 is ₹99.29.
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
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.
