LIC MF Balanced Advantage Fund Direct Growth

Launch date20 Oct 2021
Allotment date12 Nov 2021
End date03 Nov 2021
NAV₹10.00

Expense ratio, exit load and tax

Expense ratio: 1.25%

Inclusive of GST

Exit load

Exit load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported

Fund management

Sudhanshu Asthana
Apr 2026 - Present
View details

Education
Mr. Asthana is a M.A (Economics) from Mumbai University and PGDM (Investment Management) from NMIMS.
Experience
Prior to joining LIC MF, he has worked with UTI Mutual Fund, Tamohara Investment Managers, Axis Mutual Fund, Barclays Wealth Management, SBI Mutaul Fund, Quantum Mutual Fund and BRICS Securities Ltd.
Also manages these schemes

Rahul Singh
Oct 2021 - Present
View details

Education
Mr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.
Experience
Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).
Also manages these schemes

Fund house & investment objective

Rank (total assets)#20 in India
Total AUM₹41,945.54Cr
Date of Incorporation20 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. ;

Investment Objective

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 benchmarkNIFTY 50 Hybrid Composite Debt 50:50 Index

Fund house contact details

Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Launch Date
20 Apr 1994

Peer Comparison

Hybrid, Dynamic Asset Allocation fundsRating1Y3YFund Size(Cr)
5
7.8%16.7%98,457.75
5
10.1%13.7%38,487.87
4
8.4%13.6%3,548.38
4
12.0%13.6%66,397.80
4
8.8%13.3%9,031.58