| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹150 |
| Expense Ratio | 0.82% |
| NAV | ₹11.86 (27 Oct 2020) |
|---|---|
| Fund Started | 23 Jan 2019 |
| Fund Size | ₹1,123 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 5.8% |
| ICICI Bank Ltd. | Financial | Equity | 4.8% |
| Infosys Ltd. | Technology | Equity | 4.2% |
| HDFC Bank Ltd. | Financial | Fixed Deposits | 3.9% |
| Bharti Airtel Ltd. | Communication | Equity | 3.8% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 2.9% |
| Indian Oil Corpn. Ltd. | Energy | Debenture | 2.8% |
| State Bank of India | Financial | Equity | 2.6% |
| GOI | Sovereign | GOI Sec | 2.4% |
| HDFC Bank Ltd. | Financial | Equity | 2.3% |
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 ₹1,123 Cr and the Latest NAV as of 27 Oct 2020 is ₹11.86.
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.
The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.
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.