| Launch date | 12 Aug 2021 |
| Allotment date | 31 Aug 2021 |
| End date | 25 Aug 2021 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.70%
Inclusive of GST
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
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.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹250 |
Fund management
Rajeev RadhakrishnanNov 2023 - PresentView details
Anup UpadhyayDec 2024 - PresentView details
Dinesh BalachandranAug 2021 - PresentView details
Mansi SajejaDec 2023 - PresentView details
Pradeep KesavanDec 2023 - PresentView details
Fund house & investment objective
| Rank (total assets) | #1 in India |
|---|---|
| Total AUM | ₹12,68,212.64Cr |
| Date of Incorporation | 29 Jun 1987 |
|---|
SBI Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 Jun 1987. Dinesh Ahuja is the Current Fund Manager of SBI Balanced Advantage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹12,68,213 Cr and the Latest NAV as of 01 Apr 2026 is ₹15.80. The SBI Balanced Advantage Fund Direct Growth is rated High risk. Minimum SIP Investment is set to ₹250. Minimum Lumpsum Investment is ₹5,000. For units in excess of 10% of the investment,1% will be charged for redemption within 1 year. ;
Investment Objective
The scheme seeks to provide long term capital appreciation / income from a dynamic mix of equity and debt investments. ;
| 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 | 1.1% | 15.5% | 1,07,589.67 |
SBI Balanced Advantage Fund Direct Growth | 5 | 4.3% | 12.8% | 40,952.47 |
DSP Dynamic Asset Allocation Fund Direct Growth | 4 | 3.8% | 12.7% | 3,731.96 |
ICICI Prudential Balanced Advantage Direct Growth | 4 | 6.0% | 12.1% | 71,150.75 |
Nippon India Balanced Advantage Fund Direct Growth | 4 | 3.2% | 12.0% | 9,687.94 |