LIC MF Balanced Advantage Fund Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV as on 20-01-2025
₹ 13.93
1D
Inception Returns
10.8%
/yr
About LIC MF Balanced Advantage Fund Direct Growth
LIC MF Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 12 November, 2021. The fund is managed by Yogesh Patil, Rahul Singh. This fund gives you the benefit of diversification.
Key Parameters
- LIC MF Balanced Advantage Fund Direct Growth has ₹792 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
LIC MF Balanced Advantage Fund Direct Growth has given a CAGR return of 10.76% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 12.90% and 10.75% respectively.
Holdings
LIC MF Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Tech, Industrial, Basic Materials, Consumer Defensive, Consumer Cyclical, Energy, Utilities, Health, Communication.
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 LIC MF Balanced Advantage Fund Direct Growth
The investment objective of the scheme is to provide capital appreciation/ income to the investors from a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 200.00. LIC MF Balanced Advantage Fund Direct Growth has no lock in period.
Historical NAV & Returns
INDmoney Rank for LIC MF Balanced Advantage Fund Direct Growth
LIC MF Balanced Advantage Fund Direct Growth Overview
| Expense ratio | 0.78% |
Benchmark | Nifty 50 Hybrid Comp Debt 50:50 TR INR |
| AUM | ₹792 Cr |
| Inception Date | 12 November, 2021 |
| Min Lumpsum/SIP | ₹5000/₹200 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 73.93% |
| 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 |   Very High Risk |
Trailing Returns
as on (20-Jan-25)
Fund Distribution
as on (30-Nov-24)
- AUM of the fund stands at 792.3 Cr as of Dec'24
- AUM decreased by 4.8 Cr between Dec'24 and Nov'24
Top 3 Sectors in December were Financial Services, Government & Tech
LIC MF Balanced Advantage Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹792 Cr
Expense Ratio 0.78%
Frequently Asked Questions for LIC MF Balanced Advantage Fund Direct Growth
LIC MF Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.55% | -2.55% |
6 Month Returns | 1.53% | 1.53% |
1 Year Returns | 12.9% | 12.9% |
3 Years Returns | 35.84% | 10.75% |
5 Years Returns | 0% | 0% |
- 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 | 100 |