Nippon India Balanced Advantage Fund Growth is a Hybrid Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 15 Nov 2004. Meenakshi Dawar is the Current Fund Manager of Nippon India Balanced Advantage Fund Growth.The fund currently has an Asset Under Management(AUM) of ₹2,406 Cr and the Latest NAV as of 14 Oct 2019 is ₹90.32.
The Nippon India Balanced Advantage Fund 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.
Investment Objective
To generate optimal returns by investing in equity or equity related instruments primarily drawn from the Companies in the BSE 200 index.
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
₹1000
Min for Second Investment
For more than 10% of investments 1% will be charged if redeemed within 12 month
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