Fund Details
Tata Balanced Advantage Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹150 |
| Expense Ratio | 0.78% |
| NAV | ₹13.15 (22 Jan 2021) |
|---|---|
| Fund Started | 23 Jan 2019 |
| Fund Size | ₹1,420 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
1. Age is less than 3 years
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 5.2% |
| Infosys Ltd. | Technology | Equity | 4.3% |
| Reliance Industries Ltd. | Energy | Equity | 3.8% |
| Bharti Airtel Ltd. | Communication | Equity | 3.6% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.4% |
| HDFC Bank Ltd. | Financial | Fixed Deposits | 3.0% |
| HDFC Bank Ltd. | Financial | Equity | 2.4% |
| State Bank of India | Financial | Equity | 2.2% |
| Indian Oil Corpn. Ltd. | Energy | Debenture | 2.2% |
| REC Ltd. | Financial | NCD | 2.2% |
Fund Managers
Tata Balanced Advantage Fund Direct Growth Details
Tata Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Tata Mutual Fund. This scheme was made available to investors on 23 Jan 2019. Sailesh Jain is the Current Fund Manager of Tata Balanced Advantage Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,420 Cr and the Latest NAV as of 22 Jan 2021 is ₹13.15.
The Tata Balanced Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 150. Minimum Lumpsum Investment is 5000. For units more than 12% of the investments, an exit load of 1% if redeemed within 365 days.
Investment Objective
The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.
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.
