Hybrid
Direct
Dynamic Asset Allocation
NAV as on 05-09-2024
₹ 26.89
▲0.1%
1D
Inception Returns
10.6%
/yr
Bandhan Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 10 October, 2014. The fund is managed by Sachin Relekar, Sumit Agrawal. This fund gives you the benefit of diversification.
Bandhan Balanced Advantage Fund Direct Growth has given a CAGR return of 10.55% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 22.09%, 10.72% and 14.18% respectively.
Bandhan Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Consumer Cyclical, Tech, Consumer Defensive, Corporate, Industrial, Communication, Health, Energy, Basic Materials, Utilities, Real Estate.
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 seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity and equity related instruments; and for defensive purposes in equity derivatives. The secondary objective of the scheme will be to generate income and capital appreciation through investment in Debt & Money Market instruments.There is no assurance or guarantee that the objectives of the scheme will be realised.
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Bandhan Balanced Advantage Fund Direct Growth has no lock in period.
Expense ratio | 0.7% |
Benchmark | null |
AUM | ₹2302 Cr |
Inception Date | 10 October, 2014 |
Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 90.93% |
STCG | Redeeming 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 |
as on (05-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Government & Corporate
Bandhan Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.02% | 3.02% |
6 Month Returns | 11.38% | 11.38% |
1 Year Returns | 22.09% | 22.09% |
3 Years Returns | 35.72% | 10.72% |
5 Years Returns | 94.03% | 14.18% |
AAA | 95.2 |
AA | 4.8 |