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Nippon India Balanced Advantage Fund - G

NAV  ₹124.402 ↑ 0.27  (0.22 %) as on 17 Mar 23

(Erstwhile Reliance NRI Equity Fund)

Scheme Objective

The investment objective of the Scheme is to generate optimal returns by investing in equity or equity related instruments primarily drawn from the Companies in the S&P BSE 200 Index. The Scheme may also invest in listed companies that are in the top 200 by market capitalization on the BSE. The Scheme may also invest in large IPO’s where the market capitalization of the Company making the IPO based on the Issue price would make such company to be a part of the top 200 companies listed on the BSE based on market capitalization. The fund will have the flexibility to invest in a broad range of companies with an objective to maximize the returns, at the same time trying to minimize the risk by reasonable diversification. The selection of the companies will be done so as to capture the growth in the Indian economy. The fund will be focusing on companies with relatively higher market capitalization and having good liquidity in the stock market.

Nippon India Balanced Advantage Fund is a Hybrid - Dynamic Allocation fund launched on 15 Nov 04. It is a fund with Moderately High risk and has given a CAGR return of 14.7% since its launch.  Ranked 46 in Dynamic Allocation category.  Return for 2022 was 5.1% , 2021 was 15.7% and 2020 was 11.2% .

Below is the key information for Nippon India Balanced Advantage Fund

NAV as on 17 Mar 23₹124.402 ↑ 0.27  (0.22 %)
Net Assets (AUM) as on 28 Feb 2023 ₹6,594 Cr.
Launch Date15 Nov 2004
CategoryHybrid - Dynamic Allocation
TypeOpen Ended Fund
RiskModerately High
AMCNippon Life Asset Management Ltd.
Alpha Ratio0.0
Expense Ratio2.06 %
Sharpe Ratio0.002
Information Ratio0.0
BenchmarkNot Available
Min Investment ₹5,000
Min SIP Investment ₹100
Exit Load 0-1 Years (1%),1 Years and above(NIL)


Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Mar 23

1 Month -1.5%
3 Month -3.1%
6 Month -1.3%
1 Year 3.8%
3 Year 14.4%
5 Year 8.5%
10 Year
15 Year
Since launch 14.7%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

2022 5.1%
2021 15.7%
2020 11.2%
2019 8.3%
2018 0.4%
2017 25.2%
2016 6.4%
2015 0.9%
2014 38.4%

Growth of 10k Over Years

Nippon India Balanced Advantage Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Nippon India Balanced Advantage Fund Asset Allocation

Sector Allocation

Nippon India Balanced Advantage Fund Debt Allocation
Financial Services24.51%
Consumer Defensive6.53%
Consumer Cyclical5.71%
Health Care4.72%
Basic Materials3.56%
Communication Services2.72%
Real Estate0.01%
Nippon India Balanced Advantage Fund Equity Allocation

Top Securities Holdings / Portfolio


NameGlobal IndustryHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
Banks - Regional6%₹432 Cr5,190,426
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 11 | HDFCBANK
Banks - Regional6%₹427 Cr2,659,813
↑ 250,000
Infosys Ltd (Technology)
Equity, Since 31 May 09 | INFY
Information Technology Services4%₹267 Cr1,742,950
State Bank of India (Financial Services)
Equity, Since 31 Mar 09 | SBIN
Banks - Regional4%₹239 Cr4,317,992
7.26 8/22/2032 12:00:00 Am
Sovereign Bonds | -
3%₹199 Cr20,000,000
↑ 20,000,000
Reliance Industries Ltd (Energy)
Equity, Since 31 May 18 | RELIANCE
Oil & Gas Refining & Marketing3%₹178 Cr756,745
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
Banks - Regional3%₹174 Cr1,994,434
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 21 | LT
Engineering & Construction2%₹164 Cr771,850
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 18 | ITC
Tobacco2%₹155 Cr4,412,313
↓ -500,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 18 | BHARTIARTL
Telecom Services2%₹152 Cr1,977,434
↑ 120,000
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Fund Managers

Ashutosh Bhargava7 May 184.74 Yr.
Kinjal Desai25 May 184.69 Yr.
Amar Kalkundrikar20 Oct 202.28 Yr.
Sushil Budhia31 Mar 211.84 Yr.
Akshay Sharma1 Dec 220.17 Yr.


Deutsche Bank AGDeutsche Bank AG,Kodak House, 22, D.N. Road,

Registrar & Transfer Agent

KFin Technologies Ltd
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,

Administrator Companies

Nippon India Mutual Fund9th Floor, Crescenzo, C-38 & 39,,G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051


Haribhakti & Co. Chartered Accountants42, Free Press House,4th Floor,,215, Nariman Point,

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Nippon India Balanced Advantage Fund
↑ 0.27
-1.33 %3.79 %14.41 %8.47 %
Nippon India Balanced Advantage Fund
Normal Dividend, Payout
↑ 0.06
-1.35 %3.76 %14.93 %8.27 %
Nippon India Balanced Advantage Fund
Normal Dividend, Reinvestment
↑ 0.06
-1.35 %3.76 %14.93 %8.27 %
Data as on 17 Mar 23

All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.