| Launch date | 20 Oct 2021 |
| Allotment date | 12 Nov 2021 |
| End date | 03 Nov 2021 |
| NAV | ₹10.00 |
A fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
A percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
A fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
A form of tax payable for the purchase or sale of an asset or security.
Inclusive of GST
Exit load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months.
0.005% (from July 1st, 2020)
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
| Min. for 1st investment | Not Supported |
| Min. for 2nd investment onwards | Not Supported |
| Min. for SIP | Not Supported |
| Rank (total assets) | #20 in India |
|---|---|
| Total AUM | ₹41,945.54Cr |
| Date of Incorporation | 20 Apr 1994 |
|---|
LIC MF Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 20 Apr 1994. Yogesh Patil is the Current Fund Manager of LIC MF Balanced Advantage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹41,946 Cr and the Latest NAV as of 10 Apr 2026 is ₹14.11. The LIC MF Balanced Advantage Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹200. Exit load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months. ;
The scheme seeks to provide capital appreciation/ income to the investors from a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments. ;
| Fund benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index |
|---|
| Hybrid, Dynamic Asset Allocation funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
HDFC Balanced Advantage Fund Direct Growth | 5 | 7.8% | 16.7% | 98,457.75 |
SBI Balanced Advantage Fund Direct Growth | 5 | 10.1% | 13.7% | 38,487.87 |
DSP Dynamic Asset Allocation Fund Direct Growth | 4 | 8.4% | 13.6% | 3,548.38 |
ICICI Prudential Balanced Advantage Direct Growth | 4 | 12.0% | 13.6% | 66,397.80 |
Nippon India Balanced Advantage Fund Direct Growth | 4 | 8.8% | 13.3% | 9,031.58 |