Invesco India Balanced Advantage Fund Direct Growth

Invesco India Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Dhimant Kothari, Amit Ganatra. This fund gives you the benefit of diversification.

1. Invesco India Balanced Advantage Fund Direct Growth has ₹889 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
2. The fund has an expense ratio 0.9.
   

Invesco India Balanced Advantage Fund Direct Growth has given a CAGR return of 13.72% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 27.87%, 13.66% and 14.17% respectively.

Invesco India Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Industrial, Tech, Corporate, Health, Consumer Cyclical, Energy, Consumer Defensive, Communication, Utilities, Basic Materials, 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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

To generate capital appreciation/income from a mix of equity and debt securities which are managed dynamically.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Invesco India Balanced Advantage Fund Direct Growth has no lock in period.