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Fincash » Mutual Funds » Nippon India Balanced Advantage Fund

Nippon India Balanced Advantage Fund - G

NAV  ₹169.414 ↑ 0.20  (0.12 %) as on 16 Jul 24

(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 15.5% since its launch.  Ranked 46 in Dynamic Allocation category.  Return for 2023 was 17.5% , 2022 was 5.1% and 2021 was 15.7% .

Below is the key information for Nippon India Balanced Advantage Fund

NAV as on 16 Jul 24₹169.414 ↑ 0.20  (0.12 %)
Net Assets (AUM) as on 31 May 2024 ₹8,043 Cr.
Launch Date15 Nov 2004
CategoryHybrid - Dynamic Allocation
Rating
TypeOpen Ended Fund
RiskModerately High
AMCNippon Life Asset Management Ltd.
Alpha Ratio0.0
Expense Ratio1.86 %
Sharpe Ratio2.458
Information Ratio0.0
BenchmarkNot Available
Min Investment ₹5,000
Min SIP Investment ₹100
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Returns

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 16 Jul 24

DurationReturns
1 Month 3.3%
3 Month 8.4%
6 Month 11.9%
1 Year 25.5%
3 Year 13%
5 Year 13%
10 Year
15 Year
Since launch 15.5%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 17.5%
2022 5.1%
2021 15.7%
2020 11.2%
2019 8.3%
2018 0.4%
2017 25.2%
2016 6.4%
2015 0.9%

Growth of 10k Over Years

DateValue
30 Jun 19₹10,000
30 Jun 20₹9,444
30 Jun 21₹12,497
30 Jun 22₹12,677
30 Jun 23₹14,460
30 Jun 24₹17,926
Nippon India Balanced Advantage Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash12.83%
Equity64.26%
Debt22.91%
Nippon India Balanced Advantage Fund Asset Allocation

Sector Allocation

SectorValue
Corporate14.16%
Cash Equivalent12.83%
Government7.47%
Securitized1.28%
RatingValue
AA32.31%
AAA67.69%
Nippon India Balanced Advantage Fund Debt Allocation
SectorValue
Financial Services23.46%
Industrials8.61%
Consumer Cyclical8.59%
Consumer Defensive8.56%
Technology5.54%
Energy4.2%
Communication Services4.01%
Utility3.19%
Health Care2.48%
Basic Materials2.27%
Real Estate0.01%
Nippon India Balanced Advantage Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
Banks - Regional6%₹501 Cr4,465,426
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 11 | HDFCBANK
Banks - Regional5%₹411 Cr2,684,813
Infosys Ltd (Technology)
Equity, Since 31 May 09 | INFY
Information Technology Services3%₹267 Cr1,897,950
Reliance Industries Ltd (Energy)
Equity, Since 31 May 18 | RELIANCE
Oil & Gas Refining & Marketing3%₹259 Cr906,745
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 18 | BHARTIARTL
Telecom Services3%₹256 Cr1,862,468
NTPC Ltd (Utilities)
Equity, Since 31 Mar 21 | 532555
Utilities - Regulated Electric3%₹227 Cr6,319,300
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
Banks - Regional3%₹216 Cr1,854,434
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 18 | ITC
Tobacco2%₹167 Cr3,912,313
7.18% Govt Stock 2037
Sovereign Bonds | -
2%₹162 Cr16,100,000
↓ -2,500,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 21 | LT
Engineering & Construction2%₹146 Cr397,495
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Fund Managers

NameSinceTenure
Ashutosh Bhargava7 May 186.07 Yr.
Kinjal Desai25 May 186.02 Yr.
Amar Kalkundrikar20 Oct 203.61 Yr.
Sushil Budhia31 Mar 213.17 Yr.

Custodians

CompanyAddress
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,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

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

Auditors

CompanyAddress
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
Growth
₹169.414
↑ 0.20
11.94 %25.48 %12.95 %12.98 %
Nippon India Balanced Advantage Fund
Normal Dividend, Payout
₹34.2142
↑ 0.04
9.27 %22.46 %12.58 %12.59 %
Nippon India Balanced Advantage Fund
Normal Dividend, Reinvestment
₹34.2142
↑ 0.04
9.27 %22.46 %12.58 %12.59 %
Data as on 16 Jul 24

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