1M
6M
1Y
3Y
5Y
All
| NAV: 28 Jul 2021 | ₹117.84 |
|---|---|
| Min. SIP Amount | ₹100 |
| Rating | 4star |
|---|---|
| Fund Size | ₹3,722.21 Cr |
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹0 (0.00%)
Understand terms
Annualised returns
Average of the yearly returns of a mutual fund over a given period.
Absolute returns
The total return of a mutual fund over a given period.
Returns and rankings
Category: Hybrid Dynamic Asset Allocation
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 28.6% | 10.7% | 10.9% | 15.9% |
| Category average | 24.8% | 9.3% | 9.1% | NA |
| Rank with in category | 6 | 6 | NA | NA |
Understand termsinfo
Holdings (92)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
| Infosys Ltd. | Technology | Equity | 5.7% |
| HDFC Bank Ltd. | Financial | Equity | 5.1% |
| ICICI Bank Ltd. | Financial | Equity | 4.7% |
GOI | Sovereign | GOI Sec | 3.5% |
| Reliance Industries Ltd. | Energy | Equity | 3.2% |
| Nirma Ltd. | FMCG | Perpetual Bond | 2.7% |
State Bank of India | Financial | Equity | 2.5% |
| Axis Bank Ltd. | Financial | Equity | 2.3% |
| Cholamandalam Financial Holdings Ltd. | Financial | Equity | 2.1% |
| Hindustan Unilever Ltd. | FMCG | Equity | 2.1% |
See All
Pros and cons
Category: Hybrid Dynamic Asset Allocation
Pros
- Age is more than 10 years
- 1Y Returns are higher than the category average returns
- 5Y Returns are higher than the category average returns
- 10Y Returns are higher than the category average returns
- 3Y Returns are higher than the category average returns
Cons
- Higher expense ratio - 2.21%
Understand terms
Expense ratio
A fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
Tax
A percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit load
A fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp duty
A form of tax payable for the purchase or sale of an asset or security.
Expense ratio, exit load and tax
Expense ratio: 2.21%
Inclusive of GST
Exit load
For more than 10% of investments 1% will be charged if redeemed within 12 month
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
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.
Understand termsinfo
Minimum investment amounts
| Min. for 1st investment | ₹100 |
| Min. for 2nd investment onwards | ₹100 |
| Min. for SIP | ₹100 |
Fund management
Prashant R Pimple
Feb 2020 - Present
View Details
Education
Mr. Pimple is a MBA (Finance) and CTM.
Experience
Prior to joining Nippon India Mutual Fund he has worked with Fidelity Mutual Fund, ICICI Bank, Bank of Bahrain & Kuwait, Saraswat Co-op Bank Ltd. and SIDBI.
Also manages these schemes
Manish Gunwani
May 2018 - Present
View Details
Education
Mr. Gunwani is a B.Tech. and PGDM.
Experience
Prior to joining Nippon India 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.
Also manages these schemes
Ashutosh Bhargava
May 2018 - Present
View Details
Education
Mr. Bhargava is B.Com & MBA (Finance)
Experience
Prior to joining Nippon India Mutual Fund he has worked with Reliance Capital Ltd and JP Morgan India Service Pvt. Ltd.
Also manages these schemes
Amar Kalkundrikar
Oct 2020 - Present
View Details
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.
Also manages these schemes
Sushil Budhia
Mar 2021 - Present
View Details
Education
Mr. Budhia has done CA
Experience
Prior to joining Nippon India Mutual Fund, he has worked with YES Bank as Senior President, Axis Bank and UTI Mutual Fund.
Also manages these schemes
Fund house & investment objective
| Rank (total assets) | #6 in India |
|---|---|
| Total AUM | 2,30,092.13 Cr |
| Date of Incorporation | 30 Jun 1995 |
|---|
Nippon India Balanced Advantage Fund Growth is a Hybrid Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to inv
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 30 Jun 1995. 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 ₹2,30,092 Cr and the Latest NAV as of 28 Jul 2021 is ₹117.84.
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
...Read more
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
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.
...Read more
| Fund benchmark | CRISIL Hybrid 35+65 Aggressive |
|---|
Fund house contact details
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
E-mail
[email protected]Website
NA
Nippon 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,
Email
[email protected]Website
www.karvymfs.comCompare funds
Nippon India Balanced Advantage Fund Growth
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