Axis Balanced Advantage Fund Regular-IDCW
(Scheme Rating)
NAV as of Aug 29, 2024
14.180.00%
(Earn upto 1.17% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Dynamic Asset Allocation
Expense Ratio:
2.01%(1.89% Category
average)Fund Size:
Rs. 2,466.12 Cr(0.88% of Investment in Category)
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Axis Balanced Advantage Fund Regular-IDCW
(Scheme Rating)
NAV as of Aug 29, 2024
14.180.00%
Expense Ratio:
2.01%
Fund Size:
Rs. 2,466.12 Cr
Fund Category:
Hybrid: Dynamic Asset Allocation
1. Current NAV: The Current Net Asset Value of the Axis Balanced Advantage Fund - Regular Plan as of Aug 29, 2024 is Rs 14.18 for IDCW option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 30.3% (1yr), 13.03% (3yr), 13.12% (5yr) and 10.52% (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 Axis Balanced Advantage Fund - Regular Plan currently holds Assets under Management worth of Rs 2466.12 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 2.01% for Regular plan as on Aug 23, 2024.
5. Exit Load: Axis Balanced Advantage Fund - Regular Plan shall attract an Exit Load, "Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Axis Balanced Advantage Fund Regular-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.30 8.78 13.78 30.19 13.03 13.22 Category Avg 1.14 7.54 11.55 26.06 13.19 14.25 Rank within Category 10 8 5 5 12 13 No. of funds within Category 37 37 36 33 24 21 - Loading...
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Return Comparison
- This Fund
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Axis Balanced Advantage Fund Regular-IDCW Fund Details
Investment Objective - The scheme seeks to achieve the dual objective of capital appreciation by investing in a portfolio of equity or equity linked securities and generating income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation.
Fund House | Axis Mutual Fund |
Launch Date | Aug 01, 2017 |
Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
Return Since Launch | 10.52% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | Average |
Return Grade | Average |
Axis Balanced Advantage Fund Regular-IDCW Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 1,000.00 |
Exit Load Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. |
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 135 128 118 119 90 89 Top 5 Company Holdings 26.99% 28.32% 27.25% 27.76% 27.93% 25.94% Top 10 Company Holdings 40.03% 41.27% 39.93% 40.78% 42.75% 38.81% Company with Highest Exposure GOI (7.45%) GOI (7.9%) GOI (8.34%) GOI (8.64%) GOI (9.41%) GOI (6.87%) Number of Sectors 14 14 14 14 16 16 Top 3 Sector Holdings 29.13% 32.08% 32.59% 33.89% 33.25% 33.84% Top 5 Sector Holdings 40.53% 43.35% 43.05% 45.01% 45.88% 46.33% Sector with Highest Exposure Financial (15.4%) Financial (18.09%) Financial (18.12%) Financial (19.89%) Financial (18.55%) Financial (17.99%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 5.47 18.27 89.60 3.03 ICICI Bank Financial 5.12 18.65 65.91 26.26 Reliance Industries Energy 4.58 29.72 101.60 25.68 Infosys Technology 4.37 30.28 64.20 36.38 Mahindra & Mahindra Automobile 2.58 31.59 88.80 76.67 Sun Pharmaceutical Industries Healthcare 2.44 42.07 43.30 61.86 State Bank of India Financial 2.3 10.55 77.28 41.69 Bajaj Finance Financial 2.23 29.86 241.14 -3.15 Bharti Airtel Communication 2.19 96.53 16.46 83.10 NTPC Energy 2.13 18.85 22.08 85.39
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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 Axis Balanced Advantage Fund Regular-IDCW 14.18 2,466.12 1.64 30.58 12.80 13.25 HDFC Balanced Advantage Fund-IDCW 41.22 94,048.24 0.29 38.37 24.54 22.18 HDFC Dynamic PE Ratio FoF Regular- IDCW 34.55 47.84 0.83 22.25 15.45 16.81 Baroda BNP Paribas Balanced Advantage Fund Regular-IDCW 17.14 4,065.56 1.49 27.51 14.26 17.56 Tata Balanced Advantage Fund Regular-IDCW 20.24 10,051.50 0.39 22.32 12.43 14.56
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.
High Volatality
7.71VS7.59Fund 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.
High Volatality
0.62VS0.57Fund 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
0.99VS1.02Fund 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
12.35VS13.34Fund 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
1.19VS1.59Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
13.20VS13.12Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Axis Mutual Fund News
Fund Manager
- D.S.Devang ShahSince Apr 202410 schemes
- A.N.Ashish NaikSince Mar 20239 schemes
- H.S.Hardik ShahSince Jan 20229 schemes
- J.S.Jayesh SundarSince Sep 20234 schemes
Mr. Shah is B.Com and ACA. Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis All Seasons Debt FoF Regular-IDCW Dynamic Bond 13.47 136.30 8.85 Axis Corporate Debt Fund Regular-IDCW Corporate Bond 12.28 5,511.39 7.63 Axis Short Term Fund Regular-IDCW Short Duration 19.26 8,413.57 7.56 Axis Gilt Fund Regular-IDCW Gilt 10.13 436.09 10.03 Axis Equity Saver Fund Regular-IDCW Equity Savings 13.54 982.84 19.30 Axis Retirement Savings Fund - Dynamic Plan Regular-IDCW Dynamic Asset Allocation 19.86 383.99 40.55 Axis Retirement Savings Fund - Conservative Plan Regular-IDCW Conservative Hybrid 15.63 77.49 20.64 Axis Retirement Savings Fund - Aggressive Plan Regular-IDCW Aggressive Hybrid 18.53 930.43 37.06 Axis Equity Hybrid Fund Regular-IDCW Aggressive Hybrid 14.55 1,682.75 27.16 Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Regular-IDCW Target Maturity 11.42 Unrated 572.69 7.12 Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur. Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Nifty 100 Index Fund Regular-IDCW Large Cap 22.22 1,650.89 35.88 Axis ELSS Tax Saver Fund-IDCW ELSS 27.98 38,278.40 36.46 Axis Bluechip Fund-IDCW Large Cap 20.32 35,013.27 33.18 Axis Equity Hybrid Fund Regular-IDCW Aggressive Hybrid 14.55 1,682.75 27.16 Axis Nifty Bank Index Fund Regular-IDCW Sectoral-Banking 10.44 Unrated 123.11 - Axis BSE Sensex Index Fund Regular-IDCW Large Cap 11.29 Unrated 44.94 - Axis Business Cycles Fund Regular-IDCW Thematic 16.61 Unrated 2,919.99 39.58 Axis Quant Fund Regular-IDCW Thematic 17.36 Unrated 1,166.82 40.11 Axis Innovation Fund Regular-IDCW Thematic 18.38 Unrated 1,277.08 37.78 Mr. Shah has done B.E. Information Technology and MBA Finance. Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis All Seasons Debt FoF Regular-IDCW Dynamic Bond 13.47 136.30 8.85 Axis Corporate Debt Fund Regular-IDCW Corporate Bond 12.28 5,511.39 7.63 Axis Equity Saver Fund Regular-IDCW Equity Savings 13.54 982.84 19.30 Axis Retirement Savings Fund - Dynamic Plan Regular-IDCW Dynamic Asset Allocation 19.86 383.99 40.55 Axis Retirement Savings Fund - Aggressive Plan Regular-IDCW Aggressive Hybrid 18.53 930.43 37.06 Axis Retirement Savings Fund - Conservative Plan Regular-IDCW Conservative Hybrid 15.63 77.49 20.64 Axis CRISIL IBX SDL June 2034 Debt Index Fund Regular-IDCW Target Maturity 10.45 Unrated 21.18 - Axis CRISIL IBX 50:50 Gilt Plus SDL Jun 2028 Index Fund Regular-IDCW Target Maturity 11.26 Unrated 70.46 8.27 Axis CRISIL IBX SDL May 2027 Index Fund Regular-IDCW Target Maturity 11.48 Unrated 2,180.30 8.13 Mr. Sundar is a Chartered Accountant Prior to joining Axis MF, he has worked with Aviva Life Insurance Company, Tata Securities Ltd., Collins Stewart India Pvt. Ltd., IL&FS Investsmart and CRISIL
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Retirement Savings Fund - Aggressive Plan Regular-IDCW Aggressive Hybrid 18.53 930.43 37.06 Axis Retirement Savings Fund - Dynamic Plan Regular-IDCW Dynamic Asset Allocation 19.86 383.99 40.55 Axis Retirement Savings Fund - Conservative Plan Regular-IDCW Conservative Hybrid 15.63 77.49 20.64 Axis Equity Hybrid Fund Regular-IDCW Aggressive Hybrid 14.55 1,682.75 27.16
More Axis Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Axis ELSS Tax Saver Fund-Growth | 34,025.16 | 2.46 | 5.55 | 11.86 | 33.02 | 8.90 | |
Axis Liquid Fund-Growth | 33,841.39 | 0.60 | 1.83 | 3.58 | 7.25 | 5.35 | |
Axis Liquid Fund Retail-Growth | 33,841.39 | 0.56 | 1.70 | 3.32 | 6.71 | 4.82 | |
Axis Bluechip Fund-Growth | 32,645.86 | 3.80 | 7.64 | 13.53 | 29.03 | 10.19 | |
Axis Midcap Fund-Growth | 25,264.05 | 1.91 | 6.69 | 10.57 | 36.83 | 16.88 | |
Axis Small Cap Fund Regular-Growth | 19,606.42 | -3.05 | 3.33 | 8.37 | 37.16 | 25.48 | |
Axis Banking & PSU Debt Fund -Growth | 13,930.05 | 0.69 | 2.01 | 3.34 | 7.35 | 5.09 | |
Axis Focused 25 Fund-Growth | 13,538.39 | 1.96 | 5.32 | 10.46 | 28.88 | 6.59 | |
Axis Flexi Cap Fund Regular - Growth | 11,490.97 | 2.10 | 5.44 | 10.72 | 29.88 | 10.85 | |
Axis Growth Opportunities Fund Regular - Growth | 11,310.89 | 2.38 | 8.93 | 14.26 | 43.20 | 18.25 |
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1. Axis Balanced Advantage Fund - Regular Plan is Open-ended Dynamic Asset Allocation Hybrid scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Aug 01, 2017.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to achieve the dual objective of capital appreciation by investing in a portfolio of equity or equity linked securities and generating income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation. "
2. It is benchmarked against NIFTY 50 Hybrid Composite debt 50:50 Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 59.86% in equities, 30.06% in debts and 9.0% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 33.41% of the assets, the top 3 sectors constitute around 29.13% 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 Axis Balanced Advantage Fund Regular-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 Axis Balanced Advantage Fund Regular-IDCW
- Is it safe to invest in Axis Balanced Advantage Fund - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis Balanced Advantage Fund - Regular Plan comes under Very High risk category.
- What is the category of Axis Balanced Advantage Fund - Regular Plan?Axis Balanced Advantage Fund - Regular Plan belongs to the Hybrid : Dynamic Asset Allocation category of funds.
- How Long should I Invest in Axis Balanced Advantage Fund - Regular Plan?The suggested investment horizon of investing into Axis Balanced Advantage Fund - Regular 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 Axis Balanced Advantage Fund - Regular Plan?The Axis Balanced Advantage Fund - Regular Plan is managed by Devang Shah (Since Apr 05, 2024) , Ashish Naik (Since Mar 01, 2023) , Hardik Shah (Since Jan 31, 2022) and Jayesh Sundar (Since Sep 28, 2023).
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