PGIM India Balanced Advantage Fund Direct Growth

PGIM India Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 4 February, 2021. The fund is managed by Puneet Pal, Anandha Padmanabhan Anjeneyan, Vinay Paharia. This fund gives you the benefit of diversification.

1. PGIM India Balanced Advantage Fund Direct Growth has ₹978 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
2. The fund has an expense ratio 0.5.
   

PGIM India Balanced Advantage Fund Direct Growth has given a CAGR return of 10.80% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.00% and 9.79% respectively.

PGIM India Balanced Advantage Fund Direct Growth has allocated its funds majorly in Government, Financial Services, Cash Equivalent, Corporate, Industrial, Consumer Cyclical, Tech, Energy, Health, Consumer Defensive, Basic Materials, Communication, Utilities, 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

To provide capital appreciation and income distribution to the investors by dynamically managing the asset allocation between equity and fixed income using equity derivatives strategies, arbitrage opportunities and pure equity investments. The scheme seeks to reduce the volatility by diversifying the assets across equity and fixed income. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/ indicate any returns.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. PGIM India Balanced Advantage Fund Direct Growth has no lock in period.