Aditya Birla Sun Life Balanced Advantage Fund Dire...
(Scheme Rating)
NAV as of Aug 29, 2024
30.700.10%
(Earn upto 1.15% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Dynamic Asset Allocation
Expense Ratio:
0.63%(0.66% Category
average)Fund Size:
Rs. 7,459.71 Cr(2.65% of Investment in Category)
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Aditya Birla Sun Life Balanced Advantage Fund Direct-IDC...
(Scheme Rating)
NAV as of Aug 29, 2024
30.700.10%
Expense Ratio:
0.63%
Fund Size:
Rs. 7,459.71 Cr
Fund Category:
Hybrid: Dynamic Asset Allocation
1. Current NAV: The Current Net Asset Value of the Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan as of Aug 29, 2024 is Rs 30.70 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 25.43% (1yr), 13.82% (3yr), 15.7% (5yr) and 13.02% (since launch). Whereas, Category returns for the same time duration are: 26.29% (1yr), 13.2% (3yr) and 14.16% (5yr).
3. Fund Size: The Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan currently holds Assets under Management worth of Rs 7459.71 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.63% for Direct plan as on Aug 08, 2024.
5. Exit Load: Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.25%, if redeemed within 7 days."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Aditya Birla Sun Life Balanced Advantage Fund Direct-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.36 8.72 13.88 25.40 13.84 15.80 Category Avg 1.14 7.54 11.55 26.06 13.19 14.25 Rank within Category 13 11 7 18 17 7 No. of funds within Category 37 37 36 33 24 21 - Loading...
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Return Comparison
- This Fund
- BenchmarkHDFC Balanced Advantage Direct-IDCW
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Aditya Birla Sun Life Balanced Advantage Fund Direct-IDCW Fund Details
Investment Objective - The Scheme seeks to generate long term growth of capital and income distribution with relatively lower volatility by investing in a dynamically balanced portfolio of Equity & Equity linked investments and fixed-income securities.
Fund House | Aditya Birla Sun Life Mutual Fund |
Launch Date | Jan 01, 2013 |
Benchmark | CRISIL Hybrid 50+50 Moderate Index |
Return Since Launch | 13.02% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | Average |
Return Grade | Average |
Aditya Birla Sun Life Balanced Advantage Fund Direct-IDCW Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 1.00 |
Exit Load Exit load of 0.25%, if redeemed within 7 days. |
Portfolio Allocation
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
JUL 2024 JUN 2024 MAY 2024 APR 2024 MAR 2024 FEB 2024 Number of Holdings 193 178 185 187 197 178 Top 5 Company Holdings 20.77% 20.74% 20.52% 20.85% 20.76% 18.75% Top 10 Company Holdings 31.19% 30.44% 30.73% 31.01% 31.32% 28.55% Company with Highest Exposure HDFC Bank (5.41%) HDFC Bank (6.07%) HDFC Bank (6.01%) HDFC Bank (6.16%) HDFC Bank (5.77%) Reliance Industries (4.83%) Number of Sectors 17 17 16 17 16 16 Top 3 Sector Holdings 22.06% 26.61% 25.38% 27.07% 26.18% 26.15% Top 5 Sector Holdings 31.22% 36.48% 34.48% 35.88% 35.04% 35.19% Sector with Highest Exposure Financial (11.16%) Financial (14.88%) Financial (14.22%) Financial (15.68%) Financial (14.76%) Financial (14.81%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 5.41 18.27 89.60 3.03 Reliance Industries Energy 4.79 29.72 101.60 25.68 ICICI Bank Financial 4.31 18.65 65.91 26.26 Infosys Technology 3.81 30.28 64.20 36.38 Larsen & Toubro Construction 2.38 38.15 97.11 35.47 ITC Consumer Staples 2.18 30.65 16.38 14.77 NTPC Energy 2.01 18.85 22.08 85.39 Adani Ports and Special Economic Zone Services 1.92 35.14 42.17 79.23 State Bank of India Financial 1.64 10.55 77.28 41.69 Sun Pharmaceutical Industries Healthcare 1.45 42.07 43.30 61.86
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Aditya Birla Sun Life Balanced Advantage Fund Direct-IDCW 30.70 7,459.71 1.30 25.58 13.54 15.76 HDFC Balanced Advantage Fund Direct Plan-IDCW 47.45 94,048.24 0.34 39.24 25.34 22.94 HDFC Dynamic PE Ratio FoF Direct- IDCW 37.98 47.84 0.89 23.18 16.36 17.71 Tata Balanced Advantage Fund Direct-IDCW 22.16 10,051.50 0.50 24.01 14.11 16.38 Franklin India Dynamic Asset Allocation Fund of Funds Direct-IDCW 52.70 1,330.49 0.95 26.13 16.77 14.99
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
6.60VS7.59Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
0.54VS0.57Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
1.17VS1.20Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
14.28VS15.65Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
2.08VS2.89Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
13.26VS14.42Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Aditya Birla Sun Life Mutual Fund News
Fund Manager
- L.S.Lovelish SolankiSince Oct 20191 schemes
- M.S.Mohit SharmaSince Apr 201715 schemes
- V.G.Vishal GajwaniSince Apr 20222 schemes
He has done BMS and MMS in finance. Prior to joining Aditya Birla Sun Life AMC Limited, he was Equity /Equity Derivatives - Trader at Union KBC Asset Management Co Limited since February 2011. Before that he worked at Edleweiss Asset Management Co. Ltd since January 2008.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Aditya Birla Sun Life Arbitrage Fund Direct-IDCW Arbitrage 11.49 13,208.82 8.24 Mr. Sharma is B Tech (IIT - Madras) and PGDCM (IIM Calcutta). Prior to joining Aditya Birla Sun Life AMC, he ran his own healthcare-tech business (June 2012 - May 2015). he has also worked as an Interest Rates Trader in Standard Chartered Bank (May 2007 - June 2011) and ICICI Bank Ltd (June 2006 - April 2007). He started his career in the Equity Research in Irevna Ltd (June 2005 - June 2006).
Mr. Gajwani is CA and CFA (US) Prior to joining Aditya Birla Sun Life Mutual Fund, he has worked with Nippon India Mutual Fund.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Aditya Birla Sun Life Equity Savings Fund Direct-IDCW Equity Savings 15.75 589.65 11.71 Aditya Birla Sun Life Small Cap Fund Direct-IDCW Small Cap 74.77 5,359.29 37.62
More Aditya Birla Sun Life Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Aditya Birla Sun Life Liquid Fund Direct-Growth | 44,331.38 | 0.62 | 1.90 | 3.80 | 7.40 | 5.84 | |
Aditya Birla Sun Life Frontline Equity Direct Fund-Growth | 27,274.77 | 6.13 | 11.49 | 15.72 | 33.47 | 18.59 | |
Aditya Birla Sun Life Money Manager Fund Direct-Growth | 23,737.60 | 0.64 | 1.96 | 3.99 | 7.64 | 6.13 | |
Aditya Birla Sun Life Corporate Bond Fund Direct-Growth | 22,042.26 | 0.80 | 2.01 | 4.14 | 7.69 | 5.99 | |
Aditya Birla Sun Life Flexi Cap Fund Direct-Growth | 20,473.40 | 6.34 | 12.63 | 17.18 | 37.93 | 17.70 | |
Aditya Birla Sun Life ELSS Tax Saver Direct-Growth | 15,481.43 | 6.96 | 14.52 | 18.37 | 36.43 | 13.69 | |
Aditya Birla Sun Life Savings Direct-Growth | 13,579.62 | 0.63 | 2.02 | 3.97 | 7.60 | 6.08 | |
Aditya Birla Sun Life Floating Rate Direct Fund-Growth | 12,802.24 | 0.67 | 2.04 | 4.06 | 7.81 | 6.22 | |
Aditya Birla Sun Life Arbitrage Fund Direct-Growth | 12,683.86 | 0.71 | 2.15 | 4.42 | 8.48 | 6.32 | |
Aditya Birla Sun Life Low Duration Fund Direct-Growth | 12,133.88 | 0.67 | 2.00 | 3.96 | 7.61 | 6.24 |
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1. Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan is Open-ended Dynamic Asset Allocation Hybrid scheme which belongs to Aditya Birla Sun Life Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seeks to generate long term growth of capital and income distribution with relatively lower volatility by investing in a dynamically balanced portfolio of Equity & Equity linked investments and fixed-income securities. "
2. It is benchmarked against CRISIL Hybrid 50+50 Moderate Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 53.39% in equities, 21.41% in debts and 23.63% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 29.9% of the assets, the top 3 sectors constitute around 22.06% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on Aditya Birla Sun Life Balanced Advantage Fund Direct-IDCW
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Aditya Birla Sun Life Balanced Advantage Fund Direct-IDCW
- Is it safe to invest in Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan comes under Very High risk category.
- What is the category of Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan?Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan belongs to the Hybrid : Dynamic Asset Allocation category of funds.
- How Long should I Invest in Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan?The suggested investment horizon of investing into Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan?The Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan is managed by Lovelish Solanki (Since Oct 09, 2019) , Mohit Sharma (Since Apr 01, 2017) and Vishal Gajwani (Since Apr 01, 2022).
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