Nippon India Balanced Advantage Fund Direct Growth

Nippon India Balanced Advantage Fund Direct Growth 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.

1. Nippon India Balanced Advantage Fund Direct Growth has ₹8750 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
2. The fund has an expense ratio 0.6.
   

Nippon India Balanced Advantage Fund Direct Growth has given a CAGR return of 12.81% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.62%, 12.03% and 14.00% respectively.

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

Nippon India Balanced Advantage Fund attempts to capitalize on the potential upside in equity markets while attempting to limit the downside by dynamically managing the portfolio through investment in equity and active use of debt, money market instruments and derivatives. A model based Dynamic Asset Allocation Fund that aims to offer Triple Benefits of 1. Emotion Free Asset Allocation through Model Based Asset Allocation, 2. Lowers downside risk through hedging and 3. Long Term Alpha – through Active Stock selection and Sector. The fund follows an in-house proprietary Model (which follows Valuations & Trend Following) to determine unhedged equity allocation. The fund maintains a large cap oriented portfolio diversified across sectors. Debt portfolio is managed conservatively, focused at the shorter end through investment in a combination of liquid and short term fixed income securities.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Nippon India Balanced Advantage Fund Direct Growth has no lock in period.