NAV as on 31 Aug 2021130.16460.56 (0.43%)

Fund Key Highlights
1. The Current Net Asset Value of the Nippon India Balanced Advantage Fund - Direct Plan as of 31 Aug 2021 is Rs 130.1646 for Growth option of its Direct plan.
2. Its trailing returns over different time periods are: 30.54% (1yr), 12.5% (3yr), 12.29% (5yr) and 12.62% (since launch). Whereas, Category returns for the same time duration are: 23.12% (1yr), 9.13% (3yr) and 8.74% (5yr).

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Things you should consider

  • Riskometer

    Nippon

    Investors understand that their principal will be at High risk.

  • Annualized return for the last 3 years

  • Suggested Investment Horizon

  • Average time taken to double the money since inception

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About Fund
1. Nippon India Balanced Advantage Fund - Direct Plan is Open-ended Dynamic Asset Allocation Hybrid scheme which belongs to Nippon India Mutual Fund House.
2. The fund was launched on Jan 01, 2013.

Investment objective & Benchmark
1. The investment objective of the fund is that 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.
2. It is benchmarked against CRISIL Hybrid 35+65 Aggressive Total Return Index.

Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 51.58% in equities, 26.32% in debts and 22.1% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 31.17% of the assets, the top 3 sectors constitute around 28.2% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 69.37% in giant & large cap companies, 21.96% in mid cap and 8.67% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the funds duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.

Tax Implications
Hybrid funds which usually invest 65% or more in equity & equity related instruments will be taxed like Equity funds and those which invest less than 65% in equity & equity related instruments will be taxed like Debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months where the fund has invested. However, since the market is dynamic and asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from equity as well as debt side:

Equity side:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).

Debt side:
1. If units are redeemed within 3 years of investment, the whole amount of gain will get added to the investors income and will be taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering down ones capital gains which brings down the taxable income and thereby reduces taxes on it.

Taxes on Dividend income:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
2. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.

Frequently Asked Questions (FAQs)
Q: Is it safe to invest in Nippon India Balanced Advantage Fund - Direct Plan?
A: As per SEBI’s latest guidelines to calculate risk grades, investment in the Nippon India Balanced Advantage Fund - Direct Plan comes under High risk category.

Q: What is the category of Nippon India Balanced Advantage Fund - Direct Plan?
A: Nippon India Balanced Advantage Fund - Direct Plan belongs to the Hybrid: Dynamic Asset Allocation category of funds.

Q: How Long should I Invest in Nippon India Balanced Advantage Fund - Direct Plan?
A: The suggested investment horizon of investing into Nippon India Balanced Advantage Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.

Q: Who manages the Nippon India Balanced Advantage Fund - Direct Plan?
A: The Nippon India Balanced Advantage Fund - Direct Plan is managed by Manish Gunwani (Since May 07, 2018), Sushil Budhia (Since Mar 31, 2021), Amar Kalkundrikar (Since Oct 20, 2020) and Ashutosh Bhargava (Since May 07, 2018).

Data Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research

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