Nippon India Balanced Advantage Fund Direct Growth Plan
Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 177.56 as on 30-04-2024
About the Fund
Nippon India Balanced Advantage Fund Direct Growth Plan is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Sushil Budhia, Ashutosh Bhargava, Kinjal Desai, Amar Kalkundrikar. This fund gives you the benefit of diversification.
Key Parameters
- Nippon India Balanced Advantage Fund Direct Growth Plan has ₹7719 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Fund Performance
1078 people have invested ₹ 77.9L in Nippon India Balanced Advantage Fund Direct Growth Plan in the last three months
Overview
 | 0.61% |
 Benchmark | CRISIL Hybrid 50+50 - Moderate TR INR |
 | ₹7719 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 342.82% |
Nippon India Balanced Advantage Fund Direct Growth Plan Distribution as on (31-Mar-24)
Size breakup
Large cap
54.3%
Mid cap
11.9%
Small cap
2.1%
Sector Allocation
Financial Services
32.9%
Industrial
12%
Consumer Cyclical
11.8%
Consumer Defensive
10.4%
Tech
8.5%
Energy
6.3%
Health
5.5%
Communication
5.2%
Utilities
4.4%
Basic Materials
2.8%
Real Estate
0%
Top Holdings of Nippon India Balanced Advantage Fund Direct Growth Plan as on (30-Apr-24)
Equity Holdings67
Debt Holdings58
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 6.32% | 0% | |
 HDFC Bank Ltd | 5.04% | 0% | |
 Infosys Ltd | 3.68% | 0% | |
 Reliance Industries Ltd | 3.49% | 0% | |
 Bharti Airtel Ltd | 2.96% | 4.8% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 7.7K Cr as of Mar'24
- AUM increased by 68.4 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 19.37% return, outperforming this fund by 6.13% per annum.
In the last 1 year, Quant Dynamic Asset Allocation Fund Direct Growth has given 61.64% return, outperforming this fund by 35.42%.
Over the last 1 month, this fund has increased expense ratio by 10.9% moving from 0.55 to 0.61.
This fund has one of the lowest expense ratio in the category (dynamic asset allocation). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.14%.
In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 26.72% return, outperforming this fund by 11.88% per annum.
INDmoney Rank
Powered by IND quant engine
8
/15
24% Performance
50% Risk Management
54% Cost
8 out of 15 among dynamic asset allocation
Peer Analysis
Fund Manager
Sushil Budhia
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth Plan, since 31 March 2021
Top funds managed
Ashutosh Bhargava
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth Plan, since 7 May 2018
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth Plan, since 25 May 2018
Top funds managed
Amar Kalkundrikar
Fund Manager of Nippon India Balanced Advantage Fund Direct Growth Plan, since 20 October 2020
Top funds managed
Nippon India Balanced Advantage Fund Direct Growth Plan Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 12.88% since inception which is more than its category average return of 11.85%
Fund Allocations
This fund has an allocation of 56.71% in Equity, 24.53% in Debt and 18.06% in Cash related instruments
AUM size ₹7719 Cr
This fund has AUM of ₹7719 Cr which is less than its category average of ₹ 8144 Cr
Expense Ratio 0.61%
This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.37%
Frequently Asked Questions
The current NAV of Nippon India Balanced Advantage Fund Direct Growth Plan is ₹177.56 as on 30-Apr-2024.
Existing (Absolute + CAGR) as on 30-Apr-2024.
Nippon India Balanced Advantage Fund Direct Growth Plan | Absolute Returns | CAGR Returns |
1 Month Returns | 2.38% | 2.38% |
6 Month Returns | 16.55% | 16.55% |
1 Year Returns | 26.21% | 26.21% |
3 Years Returns | 51.47% | 14.84% |
5 Years Returns | 86.19% | 13.24% |
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- 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.
0.61% as on April 2024
₹7719 Cr as on April 2024
ICICI Bank Ltd(6.32%), HDFC Bank Ltd(5.04%), Infosys Ltd(3.68%), Reliance Industries Ltd(3.49%), Bharti Airtel Ltd(2.96%) as on April 2024
Financial Services(18.64%), Cash Equivalent(18.35%), Corporate(14.62%) as on April 2024
AAA | 67.44 |
AA | 32.56 |
Sushil Budhia, Ashutosh Bhargava, Kinjal Desai, Amar Kalkundrikar are the fund managers of Nippon India Balanced Advantage Fund Direct Growth Plan
The Exit load of Nippon India Balanced Advantage Fund Direct Growth Plan is 1%