3 Year return

0
Launched on August 2021 (3 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Your Investment ₹3,00,000
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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹31176.89 Cr.

Expense Ratio

0.69% (inclusive of GST)

Exit Load

Nil - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 10% of the units (the limit) purchased or switched on or before 1 year from the date o allotment. 1% - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit on or before 1 year from the date of allotment Nil - If units purchasd or switched in from anoter scheme of the Fund are redeemed or switched out after 1 year from the date of allotment

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year:

15% tax on gains

Withdrawal after 1 year:

10% tax on gains above ₹1 lakh per financial year

Fund Holdings

Holdings

SBI Mutual Fund Managers

DB

Dinesh Balachandran

Fund Manager since Apr 2022

View Details

Fund House Details

SBI Mutual Fund

SBI Mutual Fund Asset management company

AUM ₹990,090.20 Cr.
No. of Schemes 216
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by SBI Mutual Fund

List of mutual fund schemes by AMC

About SBI Balanced Advantage Fund Direct Plan Growth

The SBI Balanced Advantage Fund Direct Plan Growth is an open-ended Hybrid Mutual Fund Scheme introduced by SBI Mutual Fund. This hybrid fund dynamically allocates its assets between long equities, including arbitrage, and debt securities based on prevailing market conditions. The fund's stock holdings are primarily distributed among industries such as banking, power, construction, computer, and transportation. Notably, it has reduced exposure to the relatively volatile financial and energy industries compared to other funds in its category.

Investment Objective of the Scheme

The investment objective of SBI Balanced Advantage Fund Direct Plan Growth is to achieve long-term capital appreciation and income by dynamically managing a mix of equity and debt investments. In a volatile equities market, the fund aims to maximize potential returns while minimizing losses.

Key Features of The Fund

5-year return NA
Expense Ratio 0.69%
Fund Manager Dinesh Balachandran
Fund Size ₹31176.89 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The SBI Balanced Advantage Fund Direct Plan Growth could be a suitable investment option for conservative investors seeking long-term capital gains at an acceptable level of risk. This dynamic fund offers an appropriate asset mix of both equity and debt components. To make the most of this investment, it's important to have a minimum investment horizon of at least 3 years and a relatively strong risk appetite. As with any investment decision, individuals should carefully assess their risk tolerance and financial goals to determine if the SBI Balanced Advantage Fund Direct Plan Growth aligns with their unique investment preferences and circumstances.

AMC Contact Details

Name SBI Mutual Fund
Launch Date June 1987
Addresss 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400 051
Contact 1800 209 3333 1800 425 5425
Email customer.delight@sbimf.com
Website https://www.sbimf.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 SBI 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 SBI Balanced Advantage Fund Jul 16 2024 is 15.0403

What is the AUM of SBI 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 SBI Balanced Advantage Fund is 31176.89 crore.

What is the expense ratio of SBI 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 SBI Balanced Advantage Fund is 0.69%

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

The SBI Balanced Advantage Fund was launched on Aug 12 2021. The fund has delivered a CAGR of 15.22 since inception.

What is the minimum SIP amount to invest in SBI 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 SBI Balanced Advantage Fund is 500.

How do I invest in SBI 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 SBI 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 SBI 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 SBI 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.