Shriram Balanced Advantage Fund Direct Growth

Hybrid
Dynamic Asset Allocation
Moderately High Risk
14.12%
3Y annualised
+0.24% 1D
1M
6M
1Y
3Y
All
NAV: 23 Feb 2024₹18.41
Min. SIP amount₹1,000
Rating2
Fund size₹44.78Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Hybrid Dynamic Asset Allocation
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA30.0%14.1%14.1%
Category averageNA24.1%12.1%NA
Rank with in categoryNA59NA
Understand terms

Holdings (49)

NameSectorInstrumentAssets
FinancialDebenture5.67%
FinancialEquity5.62%
EnergyEquity5.39%
LIC Housing Finance Ltd.
FinancialDebenture4.62%
SovereignGOI Sec4.31%
FinancialEquity3.21%
TechnologyEquity3.11%
ConstructionEquity2.90%
AutomobileEquity2.66%
CommunicationEquity2.12%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Cons

Lower expense ratio: 0.65%
Low rating: 2
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
Consistently higher annualised returns than category average for the past 1Y and 3Y
Higher alpha: 1.94 The fund has generated returns higher than benchmark - NIFTY 50 Hybrid Composite debt 50:50 Index - in the last 3Y

Expense ratio, exit load and tax

Expense ratio: 0.65%

Inclusive of GST

Exit load

Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.

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 terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Gargi Bhattacharyya Banerjee
Nov 2019 - Present
View details

Education
Ms. Banerjee is Master of Business Management in Finance and Bachelor of Science with Economics (Hon) from University of Calcutta.
Experience
Prior to joining Shriram Asset Management Co. Ltd she has worked with Zacks Research Pvt Ltd as Research Head and Shriram Insight Share Brokers Ltd
Also manages these schemes

Deepak Ramaraju
Aug 2022 - Present
View details

Education
Mr. Ramaraju has done B.E.(Chemical Engineering).
Experience
Prior to joining Shriram Mutual Fund, he has worked with Sanlam Group of South Africa as a part of their global equity research team and GE India Technology Center as a researcher and co-inventor.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
511-512, Meadows, Sahar Plaza,J. B. Nagar, Andheri (East), Mumbai 400059
Phone
033-23373012 / 9339787128
Launch Date
05 Dec 1994
E-mail
NA
Website
Shriram Mutual Fund
Asset Management Company
Custodian
Stock Holding Corp. of India Ltd.
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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