Bandhan Balanced Advantage Fund Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV as on 22-11-2024
₹ 26.84
1D
Inception Returns
10.1%
/yr
About Bandhan Balanced Advantage Fund Direct Growth
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.
Key Parameters
- Bandhan Balanced Advantage Fund Direct Growth has ₹2268 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Bandhan Balanced Advantage Fund Direct Growth has given a CAGR return of 10.13% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 17.95%, 9.36% and 12.22% respectively.
Holdings
Bandhan Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Tech, Consumer Cyclical, Health, Consumer Defensive, Industrial, Communication, Corporate, Basic Materials, Energy, 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 Bandhan Balanced Advantage Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
INDmoney Rank for Bandhan Balanced Advantage Fund Direct Growth
Bandhan Balanced Advantage Fund Direct Growth Overview
| Expense ratio | 0.74% |
Benchmark | null |
| AUM | ₹2268 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 |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
- AUM of the fund stands at 2.3K Cr as of Oct'24
- AUM increased by 3.3 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Government & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Infosys Ltd | 4.99% | 0% | |
 HDFC Bank Ltd | 4.81% | 0% | |
 Bajaj Finance Ltd | 4.64% | 2.2% | |
 State Bank of India | 3.61% | 31.7% | |
 ICICI Bank Ltd | 3.27% | 17.8% |
Mutual Fund Insights
Bandhan Balanced Advantage Fund Direct Growth Highlights
Moderately High risk
About the fund
Fund Allocations
AUM size ₹2268 Cr
Expense Ratio 0.74%
Frequently Asked Questions for Bandhan Balanced Advantage Fund Direct Growth
Bandhan Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.78% | -1.78% |
6 Month Returns | 5.84% | 5.84% |
1 Year Returns | 17.95% | 17.95% |
3 Years Returns | 30.8% | 9.36% |
5 Years Returns | 77.96% | 12.22% |
- 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 | 80.24 |
AA | 19.76 |