| Launch date | 16 Aug 2022 |
| Allotment date | 06 Sep 2022 |
| End date | 30 Aug 2022 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 2.07%
Inclusive of GST
Exit load
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹500 |
Fund management
Anuj TagraMar 2024 - PresentView details
Chandni GuptaMar 2024 - PresentView details
Venkatesh SanjeeviOct 2024 - PresentView details
Rahul GoswamiNov 2023 - PresentView details
Sandeep ManamAug 2022 - PresentView details
Rajasa KakulavarapuAug 2022 - PresentView details
Fund house & investment objective
| Rank (total assets) | #11 in India |
|---|---|
| Total AUM | ₹1,25,162.29Cr |
| Date of Incorporation | 19 Feb 1996 |
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Franklin India Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Franklin Templeton Mutual Fund. This scheme was made available to investors on 19 Feb 1996. Sandeep Manam is the Current Fund Manager of Franklin India Balanced Advantage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,25,162 Cr and the Latest NAV as of 21 May 2026 is ₹14.90. The Franklin India Balanced Advantage Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. ;
Investment Objective
The scheme seeks to generate long-term capital appreciation and income generation by investing in a dynamically managed portfolio of equity & equity related instruments and fixed income and money market instruments. ;
| Fund benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index |
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Fund house contact details
Peer Comparison
| Hybrid, Dynamic Asset Allocation funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
HDFC Balanced Advantage Fund Direct Growth | 5 | -0.6% | 15.3% | 1,05,377.65 |
Aditya Birla Sun Life Balanced Advantage Fund Direct Growth | 4 | 3.9% | 12.9% | 9,182.39 |
Nippon India Balanced Advantage Fund Direct Growth | 4 | 2.6% | 12.4% | 9,620.30 |
ICICI Prudential Balanced Advantage Direct Growth | 4 | 4.3% | 12.3% | 70,551.44 |
DSP Dynamic Asset Allocation Fund Direct Growth | 4 | 3.8% | 12.1% | 3,661.26 |