Tata Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Tata Mutual Fund. This scheme was introduced to investors on 23 Jan 2019. Sailesh Jain is the Current Fund Manager of Tata Balanced Advantage Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹1,066 Cr and the Latest NAV as of 15 Nov 2019 is ₹10.91.
The Tata Balanced Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. 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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
For units more than 12% of the investments, an exit load of 1% if redeemed within 365 days.