3 Year return

12.67%
Launched on October 2021 (3 years)

Investment Details

₹100

Minimum SIP Amount

₹500

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

Moderately High Risk

Scheme Information

Asset Under Management

₹4020.03 Cr.

Expense Ratio

0.63% (inclusive of GST)

Exit Load

All units redeemed / switched-out in excess of the 5% load free units will be subject to the below mentioned exit load. 1% - If redeemed / switch-out within 30 days of allotment Nil - If redeemed / switch-out after 30 days of allotment

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

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

Holdings

NJ Mutual Fund Managers

VS

Viral Shah

Fund Manager since Mar 2023

View Details

Fund House Details

NJ Mutual Fund

NJ Mutual Fund Asset management company

AUM ₹6,678.04 Cr.
No. of Schemes 8
Setup Date 29th October 2021

Peer Comparison

Comparison with other similar funds

Schemes by NJ Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

NJ Balanced Advantage Fund Direct Plan Growth

12.67%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

NJ Balanced Advantage Fund Direct Plan IDCW Payout Payout

12.67%
0%

About NJ Balanced Advantage Fund Direct Plan Growth

The NJ Balanced Advantage Fund Direct Plan Growth is a balanced advantage fund by NJ Mutual Fund. It largely invests in large-cap and mid-cap then focuses on small-cap companies, debt and government securities. It is an open-ended fund. Hence investors can invest in it at any time. The expense ratio of NJ Balanced Advantage Fund Direct Plan Growth is low. The minimum investment required for this balanced advantage fund is low.

Investment Objective of the Scheme

NJ Balanced Advantage Fund Direct Plan Growth’s primary objective is to generate capital appreciation by investing in equity and specific debt securities. The fund focuses on the long-term horizon to generate returns.

Key Features of The Fund

5-year return NA
Expense Ratio 0.63%
Fund Manager Viral Shah
Fund Size ₹4020.03 Cr
Risk Profile Moderately High

Is This Scheme Right for Me?

The NJ Balanced Advantage Fund Direct Plan Growth is a balanced advantage fund, which invests in equity and debt securities as well. If you are willing to invest for a long-term horizon, you can choose this fund. Also, these funds are less volatile compared to hybrid funds. However, take your investment objective and risk profile as well into consideration before making a decision.

AMC Contact Details

Name NJ Mutual Fund
Launch Date 29th October 2021
Addresss Block No. 601, 3rd Floor, C Tower, Udhna Udyog Nagar Sangh Commercial Complex, Central Road No. 10, Udhna, Surat-394210, Gujarat.
Contact 1860 500 2888 , 040-49763510
Email customercare@njmutualfund.com
Website https://www.njmutualfund.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Build Investment Discipline with SIPs

SIPs instill a habit of disciplined saving. By automating your investments, you ensure consistent contributions towards your financial goals. Plan your SIP investment strategy the SIP investment calculator. This tool helps you estimate returns and stay on track with your long-term investment plan.

FAQs

What is today's NAV of NJ Balanced Advantage Fund?

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 NJ Balanced Advantage Fund Dec 04 2024 is 14.19

What is the AUM of NJ Balanced Advantage Fund?

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 NJ Balanced Advantage Fund is 4020.03 crore.

What is the expense ratio of NJ Balanced Advantage Fund?

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 NJ Balanced Advantage Fund is 0.63%

What are the returns of NJ Balanced Advantage Fund since inception?

The NJ Balanced Advantage Fund was launched on Oct 08 2021. The fund has delivered a CAGR of 11.95 since inception.

What is the minimum SIP amount to invest in NJ Balanced Advantage Fund?

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 NJ Balanced Advantage Fund is 100.

How do I invest in NJ Balanced Advantage Fund?

  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 NJ Balanced Advantage Fund?

  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 NJ Balanced Advantage Fund?

  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 NJ Balanced Advantage Fund?

  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.