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 Rahul Singh, Yogesh Patil. This fund gives you the benefit of diversification.

1. LIC MF Balanced Advantage Fund Direct Growth has ₹791 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
2. The fund has an expense ratio 0.8.
   

LIC MF Balanced Advantage Fund Direct Growth has given a CAGR return of 10.92% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 17.35% and 11.06% respectively.

LIC MF Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Tech, Basic Materials, Consumer Cyclical, Industrial, Consumer Defensive, Energy, Health, Utilities, Communication.

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).

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 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.