| Launch date | 08 Oct 2021 |
| Allotment date | 29 Oct 2021 |
| End date | 22 Oct 2021 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.58%
Inclusive of GST
Exit load
For units in excess of 5% of the investment,1% will be charged for redemption within 30 days
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 | ₹500 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹100 |
Fund management
Dhaval PatelMar 2023 - PresentView details
Viral ShahOct 2022 - PresentView details
Fund house & investment objective
| Rank (total assets) | NA |
|---|---|
| Total AUM | ₹7,101.34Cr |
| Date of Incorporation | 20 Apr 2021 |
|---|
NJ Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by NJ Mutual Fund. This scheme was made available to investors on 20 Apr 2021. Rishi Sharma is the Current Fund Manager of NJ Balanced Advantage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,101 Cr and the Latest NAV as of 19 Dec 2025 is ₹14.39. The NJ Balanced Advantage Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹500. For units in excess of 5% of the investment,1% will be charged for redemption within 30 days ;
Investment Objective
The scheme seeks to generate capital appreciation by dynamically allocating its assets between equity and specified debt securities. ;
| Fund benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index |
|---|
Fund house contact details
Peer Comparison
| Hybrid, Dynamic Asset Allocation funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
HDFC Balanced Advantage Fund Direct Growth | 5 | 6.4% | 18.1% | 1,07,971.20 |
SBI Balanced Advantage Fund Direct Growth | 5 | 9.9% | 15.0% | 39,337.41 |
ICICI Prudential Balanced Advantage Direct Growth | 4 | 11.9% | 14.1% | 69,867.93 |
DSP Dynamic Asset Allocation Fund Direct Growth | 4 | 9.0% | 13.7% | 3,635.61 |
Nippon India Balanced Advantage Fund Direct Growth | 4 | 7.3% | 13.3% | 9,662.22 |