Axis Balanced Advantage Fund Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV as on 20-12-2024
₹ 22.39
1D
Inception Returns
11.5%
/yr
About Axis Balanced Advantage Fund Direct Growth
Axis Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 1 August, 2017. The fund is managed by Devang Shah, Hardik Shah. This fund gives you the benefit of diversification.
Key Parameters
- Axis Balanced Advantage Fund Direct Growth has ₹2547 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.8.
Returns
Axis Balanced Advantage Fund Direct Growth has given a CAGR return of 11.53% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.03%, 14.16% and 13.61% respectively.
Holdings
Axis Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government, Financial Services, Corporate, Tech, Energy, Consumer Cyclical, Health, Industrial, Basic Materials, Communication, Consumer Defensive, Utilities, Real Estate.
Taxation
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).
Investment objective of Axis Balanced Advantage Fund Direct Growth
To achieve the dual objective of capital appreciation by investing in a portfolio of equity or equity linked securities and generating income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Balanced Advantage Fund Direct Growth has no lock in period.
Historical NAV & Returns
INDmoney Rank for Axis Balanced Advantage Fund Direct Growth
Axis Balanced Advantage Fund Direct Growth Overview
| Expense ratio | 0.81% |
Benchmark | null |
| AUM | ₹2547 Cr |
| Inception Date | 1 August, 2017 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 261.88% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Moderately High risk |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
- AUM of the fund stands at 2.5K Cr as of Nov'24
- AUM decreased by 30.1 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Government, Financial Services & Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6.06% | 0% | |
 Reliance Industries Ltd | 5.09% | 30.8% | |
 Infosys Ltd | 4.12% | 0% | |
 ICICI Bank Ltd | 4% | 0% | |
 Mahindra & Mahindra Ltd | 3.29% | 0% |
Mutual Fund Insights
Axis Balanced Advantage Fund Direct Growth Highlights
Moderately High risk
About the fund
Fund Allocations
AUM size ₹2547 Cr
Expense Ratio 0.81%
Frequently Asked Questions for Axis Balanced Advantage Fund Direct Growth
Axis Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.17% | 1.17% |
6 Month Returns | 5.91% | 5.91% |
1 Year Returns | 21.03% | 21.03% |
3 Years Returns | 48.77% | 14.16% |
5 Years Returns | 89.26% | 13.61% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 73.36 |
AA | 24.11 |
A | 2.53 |