3 Year return

13.57%
Launched on July 2017 (7 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹3,00,000
Gain
  • Total Value

ENTER AMOUNT

Your Investment
Gain
  • Total Value

Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹2102.69 Cr.

Expense Ratio

0.95% (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.

Ratings

ARQ Rating
2

Ratings by other agencies

3
0
5

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Axis Mutual Fund Managers

AT

Anupam Tiwari

Fund Manager since Oct 2023

Fund House Details

Axis Mutual Fund

Axis Mutual Fund Asset management company

AUM ₹275,166.00 Cr.
No. of Schemes 245
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

About Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment

Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment is a mutual fund managed by Axis Mutual Fund. The Axis Balanced Advantage Fund falls under the "Hybrid-Balanced Advantage" category. This category indicates that the fund aims to dynamically manage its asset allocation between equity and debt instruments based on market conditions. The Axis Balanced Advantage Fund is an open-ended fund, allowing you to buy and redeem units on any business day. The expense ratio of the fund is lower than the category average. This means that the fund charges lower fees to investors, which can impact their returns over the long term.

Investment Objectives of the Scheme

The fund's primary objective is to provide capital appreciation and generate income over the medium to long term by investing in a diversified portfolio of equity and debt instruments. The fund manager uses a dynamic asset allocation strategy to capitalize on market opportunities while managing risks.

Key Features of The Fund

5-year return 11.58%
Expense Ratio 0.95%
Fund Manager Anupam Tiwari
Fund Size ₹2102.69 Cr
Risk Profile Very High

Is This Scheme Right for Me?

This fund could be suitable for investors looking for a balanced approach that adapts to changing market conditions. If you desire a portfolio that combines the potential for equity growth with the stability of debt investments, the Axis Balanced Advantage Fund might align well with your investment strategy. It's particularly relevant for investors seeking a dynamically managed asset allocation.

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
Email 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.

FAQs

What is today's NAV of Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment Apr 19 2024 is 13.3

What is the AUM of Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment is 2102.69 crore.

What is the expense ratio of Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment is 0.95%

What are the returns of Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment since inception?

The Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment was launched on Jul 11 2017. The fund has delivered a CAGR of 10.48 since inception.

What is the minimum SIP amount to invest in Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment is 100.

How do I invest in Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. 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.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Axis Balanced Advantage Fund Direct Plan IDCW Reinvestment?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.