Hybrid
Direct
Dynamic Asset Allocation
NAV as on 03-09-2024
₹ 115.1
Inception Returns
13.1%
/yr
Aditya Birla Sun Life Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Mohit Sharma, Lovelish Solanki. This fund gives you the benefit of diversification.
Aditya Birla Sun Life Balanced Advantage Fund Direct Growth has given a CAGR return of 13.10% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 25.19%, 13.42% and 16.02% respectively.
Aditya Birla Sun Life Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Financial Services, Industrial, Consumer Cyclical, Government, Tech, Energy, Consumer Defensive, Basic Materials, Health, Communication, Utilities, Real Estate, Securitize.
As it is a dynamic asset allocation mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
The primary objective of the Scheme is to generate long term growth of capital and income distribution with relatively lower volatility by investing in a dynamically balanced portfolio of Equity & Equity linked investments and fixed-income securities.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Aditya Birla Sun Life Balanced Advantage Fund Direct Growth has no lock in period.
Expense ratio | 0.63% |
Benchmark | CRISIL Hybrid 50+50 - Moderate TR INR |
AUM | ₹7460 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0.2% |
Lock In | No Lock-in |
TurnOver | 232.22% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (03-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Corporate, Financial Services & Government
Aditya Birla Sun Life Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.83% | 1.83% |
6 Month Returns | 13.53% | 13.53% |
1 Year Returns | 25.19% | 25.19% |
3 Years Returns | 45.92% | 13.42% |
5 Years Returns | 110.23% | 16.02% |
AAA | 81.15 |
AA | 18.85 |