Tata Balanced Advantage Fund Direct Growth

Tata Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 29 January, 2019. The fund is managed by Sailesh Jain, Rahul Singh, Akhil Mittal. This fund gives you the benefit of diversification.

1. Tata Balanced Advantage Fund Direct Growth has ₹10288 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
2. The fund has an expense ratio 0.4.
   

Tata Balanced Advantage Fund Direct Growth has given a CAGR return of 14.17% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 17.41%, 12.04% and 14.53% respectively.

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

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 and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Tata Balanced Advantage Fund Direct Growth has no lock in period.