3 Year return
14.12%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹2599.22 Cr.
Expense Ratio
0.83% (inclusive of GST)
Exit Load
If redeemed/swich out within 12 months from the date of allotment, - For 10% of investments : Nil - For remaining investments : 1% NIL - If redeemed/switch out after 12 months from the date of allotment.
Tax Implications
Withdrawal within 1 year:
20% tax on gains
Withdrawal after 1 year:
12.5% tax on gains above ₹1.25 lakh per financial year
Fund Holdings
Axis Mutual Fund Managers
AT
Anupam Tiwari
Fund Manager since Oct 2023
Fund House Details
Axis Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
HDFC Balanced Advantage Fund |
23.01% |
4 |
Baroda BNP Paribas Balanced Advantage Fund |
15.13% |
3 |
Edelweiss Balanced Advantage Fund |
13.26% |
5 |
Schemes by Axis Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Aggressive Hybrid Fund
Axis Aggressive Hybrid Fund Direct Plan Monthly IDCW Payout
Hybrid . Aggressive Hybrid Fund
Axis Aggressive Hybrid Fund Direct Plan Monthly IDCW Reinvestment
Hybrid . Aggressive Hybrid Fund
Axis Aggressive Hybrid Fund Direct Plan Growth
Hybrid . Aggressive Hybrid Fund
Axis Aggressive Hybrid Fund Direct Plan Quarterly IDCW Payout
Hybrid . Aggressive Hybrid Fund
Axis Aggressive Hybrid Fund Direct Plan Quarterly IDCW Reinvestment
About Axis Balanced Advantage Fund Direct Plan Growth
The Axis Balanced Advantage Fund Direct Plan Growth is a dynamic asset allocation fund that is open-ended in nature. This dynamic asset allocation fund falls under the Axis Mutual Fund. This scheme has the NIFTY 50 Hybrid Composite Debt 50:50 Index as its benchmark. The scheme emphasises on quality stocks that have sustainable growth potential.
Investment Objective of The Scheme
The Axis Balanced Advantage Fund Direct Plan Growth aims to achieve capital appreciation through equities or equity-related securities and income generation via making an investment in debt, and in money market instruments. Through active asset allocation, it also seeks management of risk. This scheme follows a framework that allows it to eliminate human subjectivity at the time of determining equity allocation, and remove the need for market timing.
Key Features of The Fund
5-year return | 14.29% |
Expense Ratio | 0.83% |
Fund Manager | Anupam Tiwari |
Fund Size | ₹2599.22 Cr |
Risk Profile | Very High |
Is This Scheme Right for Me?
If you are looking for a solution that helps dynamically adjust equity exposure, Axis Balanced Advantage Fund Direct Plan Growth could be the right option to consider for you. This scheme is fit for investors seeking to cushion downside while they are participating in market rallies. It is also built for comparatively conservative investors who may not be seeking pure equity returns, and has an ideal investment horizon of over five years. Nonetheless, before you invest, you must account for your personal financial plans and goals.
AMC Contact Details
Name | Axis Mutual Fund |
Launch Date | January 2009 |
Addresss | Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025 |
Contact | 8108622211 |
customerservice@axismf.com | |
Website | https://www.axismf.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
What is today's NAV of Axis Balanced Advantage Fund?
What is the AUM of Axis Balanced Advantage Fund?
What is the expense ratio of Axis Balanced Advantage Fund?
What are the returns of Axis Balanced Advantage Fund since inception?
What is the minimum SIP amount to invest in Axis Balanced Advantage Fund?
How do I invest in Axis Balanced Advantage Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Axis Balanced Advantage Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Axis Balanced Advantage Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Axis Balanced Advantage Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.