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Nippon India Balanced Advantage Fund Direct-Growth Nippon India Balanced Advantage Fund Direct-Growth Nippon India Balanced Advantage Fund Direct-Growth Nippon India Balanced Advantage Fund Direct-Growth - Get latest updates on NAV, Dividends, Returns, Performance, Risks & Portfolio. Invest now! Paisabazaar INR 5000 1 rating rating rating rating rating Nippon India Balanced Advantage Fund Direct-Growth 3 5

Hybrid Dynamic Asset Allocation

PLAN: GROWTH TYPE : OPEN-ENDED OPTION: Growth

1 Yr return

2.48%

3 Yrs CAGR returns

4.99%

5 Yrs CAGR returns

8.29%

NAV as on 25 Sep

₹ 98.04 by 1.21 ( 1.25%)

Expense ratio

0.67

Exit load

1%

Fund Size (Cr)

₹ 1876.37


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Performance Graph*
Returns Calculator
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If ₹5000 invested for 1

Estimated returns*

₹ 0

with % annual returns

Direct Funds
Estimated amount
₹ 10,27,000
Regular Funds
Estimated amount
₹ 9,91,000

* The calculator, based on assumed rate of returns, is meant for illustration purposes only.More

The calculations are not based on any judgments of the future return and should not be construed as promise on minimum returns. Information gathered and material used in this calculator is believed to be from reliable sources. Paisabazaar however does not warrant the accuracy, reasonableness and/or completeness of any such information. While utmost care has been exercised while preparing the calculator, Paisabazaar does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator.

investment objective

The scheme seeks to capitalize on the potential upside in equity markets while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.

Tax Implications

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

riskometer
Top Holdings
Top 10 Sectors %
Financial 32.83
Others 20.28
Energy 8.66
FMCG 8.38
Technology 7.16
Construction 4.22
Automobile 4.22
Health Care 3.77
Metals 2.37
Engineering 1.67
Top 10 Sectors %
Others 10.24
Others 6.23
Banking 6.1
Crude Oil & Natural Gas 5.75
Banking 5.35
Computer Software 4.59
Soaps & Detergents 4.19
Others 3.49
Others 3
Infrastructure 2.64
Fund house details
Fund House Reliance Mutual Fund
Fund Manager Ashutosh Bhargava
Fund Setup Date 01 Jan 2013
Address Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East)
Contact (022) 33031000 / 1800 300 11111
Email ID customer_care@reliancemutual.com
More About This Fund

About Nippon India Balanced Advantage Fund

Nippon India Balanced Advantage Fund is a balanced hybrid fund where the fund corpus is invested in equities as well as debt instruments in order to keep a balance between risks and returns. The investment objective of the scheme is to capitalize on the potential upside in equity markets while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.

The fund follows an in-house proprietary Model (which follows Valuations & Trend Following) to determine unhedged equity allocation and 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.

Who Should Invest?

  • If you want to earn returns from mutual funds but also want to stay guarded against market volatility, then this fund could be for you. Stocks help in wealth creation while debt instruments act as a security against unfavourable market times
  • If you are looking for a dynamic portfolio, for its calculated investments in both equity and debt securities at a balanced ratio
  • If you are ready to invest for a long tenure of 3-5 years, as the fund invests in companies with high growth potential that may give good returns in the long run in the bull market
  • Assuming you are going to be invested for a longer term, the SIP route of investment will help you reap the benefits of the power of compounding and  rupee cost averaging. (The fund does allow lump sum investments as well)

Risks

There could be chances of underperformance in a bear market, stocks may not give expected returns and similarly debt securities as well may not give much profits. There are certain risks and is suitable for an investor with moderate high risk tolerance.

Read About: Advantages of Balanced Funds

Will You Pay Tax?

If you withdraw or redeem the units before one year of investment, Short Term Capital Gains Tax of 15% is levied. Whereas, Long Term Capital Gains Tax above ₹1 lakh will be taxed at 10% after completion of 1 year of investment.

Let’s say, an individual has ₹2 lakh disposable taxable income in a given financial year, and s/he decides to invest the amount in ELSS. ₹1.5 lakh out of this amount would be exempted from any taxation.₹50,000 would be taxed as per the income tax slab of the investor.

It should be noted that the investment in ELSS remains locked-in for 3 years.

The returns from ELSS are taxed like that from any other equity mutual fund scheme. However, since the units can’t be redeemed before 3 years of investment, only Long Term Capital Gains Tax of 10% above ₹1 lakh will be levied.

Suppose an investor has made a capital gain of ₹1.5 lakh on investment in this scheme, and withdraws the amount after 1 year of investment, Long Term Capital Gains Tax of 10% would be levied on ₹50000. ₹1Lakh is exempted from taxation. The payable tax would be ₹5000.

How to Invest in Nippon India Balanced Advantage Fund?

  • Sign Up/Sign In to Paisabazaar.com and go to ‘Browse by AMCs
  • Click on the section of Nippon India Asset Management Company Ltd.
  • Scroll or type and search directly by the name of the ICICI Prudential Balanced Advantage Fund. Once it opens up, look at the details. You can also compare similar funds as well as use SIP Calculator or Lumpsum Calculator to estimate the future value of your investment.
  • Click on ‘Invest Now’, select either Lump sum or SIP

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  • Important scheme details such as latest Net Asset Value (NAV), expense ratio, assets under management, etc are also available on the portal, making it easier for consumers to pick a suitable fund.

Frequently Asked Questions (FAQs)

Q. Should you invest in Nippon Balanced Advantage Fund?
A. If you can tolerate moderate high risks, can stay invested for a span of 3-5 years, want a diverse portfolio and looking for a fund that generates returns as well as assures safety from market risks to an extent, then you can consider investing in this fund.

Q. What is a Balanced Fund?
A. A Balanced or a Hybrid Fund is the one that invests in more than one asset as equity, debt, gold and such others at a certain percentage ratio defined by SEBI. It can be further classified on the basis of higher percentage of investment in any particular asset class.

Read About: Types of Hybrid Funds

Q. Is it beneficial to invest via open-ended (lumpsum) or SIP?
A. SIP (Systematic Investment Plan) is considered efficient and convenient mode of investment that is beneficial in the long term investment. It also reduces financial burden as one needs to invest periodically and provides the benefit of rupee averaging cost.

Q. What is the entry load for this fund?
A. There is no applicable entry load on the aforementioned fund.

Q. What is the exit load for this scheme?
A. If an investor redeems the purchased units within 1 year of allotment of units, an exit load of 1% is payable by the investor. However, no exit load is levied for redemption of units after 1 year of purchase.

What is the fund manager’s style of investment?
A. Nippon India Balanced Advantage Fund is jointly managed by Mr. Manish Gunwani and Mr. Ashutosh Bhargava. They work out on 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.