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NJ Balanced Advantage Fund Direct Growth

Hybrid
Dynamic Asset Allocation
Moderately High Risk
Launch date08 Oct 2021
Allotment date29 Oct 2021
End date22 Oct 2021
NAV₹10.00

Expense ratio, exit load and tax

Expense ratio: 0.62%

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

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 investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹100

Fund management

Dhaval Patel
Mar 2023 - Present
View details

Education
Mr. Patel has done IBS from Hyderabad
Experience
Prior to joining NJ Mutual Fund, he has worked with Axis Mutual Fund, Credit Analysis & Research Ltd.
Also manages these schemes
NJ Flexi Cap Fund Direct Growth
NJ Balanced Advantage Fund Direct Growth
NJ Overnight Fund Direct Growth
NJ Arbitrage Fund Direct Growth
NJ ELSS Tax Saver Scheme Direct Growth

Viral Shah
Oct 2022 - Present
View details

Education
Mr. Shah has done B.E. and MBA (Finance)
Experience
Mr. Shah has started his career with NJ Group and has been Principal Officer for PMS segment with NJ Asset Management for more than 10 years.
Also manages these schemes
NJ Flexi Cap Fund Direct Growth
NJ Balanced Advantage Fund Direct Growth
NJ Overnight Fund Direct Growth
NJ Arbitrage Fund Direct Growth
NJ ELSS Tax Saver Scheme Direct Growth

Fund house & investment objective

Rank (total assets)--
Total AUM₹7,053.57Cr
Date of Incorporation20 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 ₹7,054 Cr and the Latest NAV as of 02 Apr 2026 is ₹13.51. 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 benchmarkNIFTY 50 Hybrid Composite Debt 50:50 Index
Scheme Information Document(SID)

Fund house contact details

Address
Unit No. 101A, 1st Floor,Hallmark Business Plaza,Bandra (East), Mumbai 400051
Phone
--
Launch Date
20 Apr 2021
E-mail
--
Website
njmutualfund.com

Peer Comparison

Hybrid, Dynamic Asset Allocation fundsRating1Y3YFund Size(Cr)
HDFC Balanced Advantage Fund Direct Growth
5
0.4%15.5%1,07,589.67
SBI Balanced Advantage Fund Direct Growth
5
3.9%12.7%40,952.47
DSP Dynamic Asset Allocation Fund Direct Growth
4
3.5%12.7%3,731.96
ICICI Prudential Balanced Advantage Direct Growth
4
5.4%12.1%71,150.75
Nippon India Balanced Advantage Fund Direct Growth
4
2.5%12.0%9,687.94
Home>NFOs>NJ Mutual Fund>NJ Balanced Advantage Fund Direct Growth
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