3 Year return

13.8%
Launched on January 2013 (11 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

₹7588.13 Cr.

Expense Ratio

0.6% (inclusive of GST)

Exit Load

10% of the units allotted shall be redeemed within any exit load, on or before completion of 12 months from the date allotment of units. 1.00% - If redeemed / switched on or before completion of 12 months from the date of allotment of units. Nil - If redeemed / switched after completion of 12 months from the date of allotment of units.

Ratings

4.5

Ratings by other agencies

3
0
4

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

Nippon India Mutual Fund Managers

MG

Manish Gunwani

Fund Manager since Apr 2022

Fund House Details

Nippon India Mutual Fund Asset management company

AUM ₹380,049.04 Cr.
No. of Schemes 287
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Nippon India Mutual Fund

List of mutual fund schemes by AMC

About Nippon India Balanced Advantage Fund Direct Plan-Growth

Nippon India Balanced Advantage Fund Direct Plan Growth is an open-ended hybrid mutual fund scheme brought to you by Nippon India Mutual Fund. The fund belongs to the category of balanced advantage funds, which blends debt and equity investments. The fund is mostly made up of equities, with the balance made up of debt instruments such as low-risk and government securities. Since this is a direct scheme you can invest in the fund directly with the mutual fund house.

Investment Objective of the Scheme

The main investment objective of the Nippon India Balanced Advantage Fund Direct Plan-Growth fund is the generation of long-term income and capital appreciation via the dynamic management of asset allocation of debt and equity. While growing your wealth, this fund aims at minimising your risk with debt instruments. In this manner, the fund aims to give investors a potentially stable portfolio of securities.

Key Features of The Fund

5-year return 13.7%
Expense Ratio 0.6%
Fund Manager Manish Gunwani
Fund Size ₹7588.13 Cr
Risk Profile Very High

Is This Scheme Right for Me?

Depending on your own risk profile and goals, the Nippon India Balanced Advantage Fund Direct Plan-Growth fund may be considered. If you are an investor who desires a sufficiently steady portfolio that balances the risk-reward quotient, you may consider this scheme for investment. In case you have a moderate risk appetite, this fund may be suitable. Whichever fund you ultimately decide to invest in, ensure it is based on your own financial needs.

AMC Contact Details

Name Nippon India Mutual Fund
Launch Date June 1995
Addresss Nippon Life India Asset Management Limited, 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai – 400 013
Contact 1860 266 0111
Email [email protected]
Website https://mf.nipponindiaim.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 Nippon India Balanced Advantage Fund Direct Plan Growth?

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 Nippon India Balanced Advantage Fund Direct Plan Growth Feb 21 2024 is 170.8125

What is the AUM of Nippon India Balanced Advantage Fund Direct Plan Growth?

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 Nippon India Balanced Advantage Fund Direct Plan Growth is 7588.13 crore.

What is the expense ratio of Nippon India Balanced Advantage Fund Direct Plan Growth?

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 Nippon India Balanced Advantage Fund Direct Plan Growth is 0.6%

What are the returns of Nippon India Balanced Advantage Fund Direct Plan Growth since inception?

The Nippon India Balanced Advantage Fund Direct Plan Growth was launched on Jan 01 2013. The fund has delivered a CAGR of 12.62 since inception.

What is the minimum SIP amount to invest in Nippon India Balanced Advantage Fund Direct Plan Growth?

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 Nippon India Balanced Advantage Fund Direct Plan Growth is 100.

How do I invest in Nippon India Balanced Advantage Fund Direct Plan Growth?

  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 Nippon India Balanced Advantage Fund Direct Plan Growth?

  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 Nippon India Balanced Advantage Fund Direct Plan Growth?

  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 Nippon India Balanced Advantage Fund Direct Plan Growth?

  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.