Tata Balanced Advantage Fund Direct - Growth
(Scheme Rating)
NAV as of Aug 30, 2024
22.240.32%
- Growth - Direct
(Earn upto 1.33% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Dynamic Asset Allocation
Expense Ratio:
0.35%(0.66% Category
average)Fund Size:
Rs. 10,051.50 Cr(3.57% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Tata Balanced Advantage Fund Direct - Growth
(Scheme Rating)
NAV as of Aug 30, 2024
22.240.32%
Expense Ratio:
0.35%
Fund Size:
Rs. 10,051.50 Cr
Fund Category:
Hybrid: Dynamic Asset Allocation
1. Current NAV: The Current Net Asset Value of the Tata Balanced Advantage Fund - Direct Plan as of Aug 30, 2024 is Rs 22.24 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 23.41% (1yr), 14.42% (3yr), 16.26% (5yr) and 15.29% (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 Tata Balanced Advantage Fund - Direct Plan currently holds Assets under Management worth of Rs 10051.5 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.35% for Direct plan as on Aug 12, 2024.
5. Exit Load: Tata Balanced Advantage Fund - Direct Plan shall attract an Exit Load, "For units in excess of 12% of the investment,1% will be charged for redemption within 90 days"
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
Tata Balanced Advantage Fund Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.50 6.54 10.07 24.01 14.11 16.38 Category Avg 1.22 8.33 12.04 26.48 12.76 14.27 Rank within Category 32 31 29 22 13 6 No. of funds within Category 35 35 34 31 23 20 - Loading...
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Return Comparison
- This Fund
- BenchmarkHDFC Balanced Advantage Direct-G
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Tata Balanced Advantage Fund Direct - Growth Fund Details
Investment Objective - The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.
Fund House | Tata Mutual Fund |
Launch Date | Jan 28, 2019 |
Benchmark | CRISIL Hybrid 50+50 Moderate Index |
Return Since Launch | 15.36% |
Riskometer | High |
Type | Open-ended |
Risk Grade | Below Average |
Return Grade | Above Average |
Tata Balanced Advantage Fund Direct - Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load For units in excess of 12% of the investment,1% will be charged for redemption within 90 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 169 172 169 172 178 163 Top 5 Company Holdings 17.05% 17.63% 17.57% 17.91% 17.77% 17.39% Top 10 Company Holdings 28.15% 28.87% 29.51% 29.98% 29.42% 29.04% Company with Highest Exposure Reliance Industries (4.25%) Reliance Industries (4.61%) Reliance Industries (4.3%) Reliance Industries (4.49%) Reliance Industries (4.61%) Reliance Industries (4.64%) Number of Sectors 14 14 14 14 15 15 Top 3 Sector Holdings 23.26% 24.29% 23.22% 23.09% 24.85% 25.46% Top 5 Sector Holdings 30.35% 30.93% 29.37% 29.1% 31.51% 32.17% Sector with Highest Exposure Financial (12.28%) Financial (13.26%) Financial (12.89%) Financial (12.84%) Financial (12.91%) Financial (13.13%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Reliance Industries Energy 4.25 29.72 101.60 25.68 HDFC Bank Financial 4.04 18.27 89.60 3.03 ICICI Bank Financial 3.09 18.65 65.91 26.26 State Bank of India Financial 3.03 10.55 77.28 41.69 Tata Consultancy Technology 2.64 35.15 129.55 33.64 Bharti Airtel Communication 2.58 96.53 16.46 83.10 NTPC Energy 2.5 18.85 22.08 85.39 Larsen & Toubro Construction 2.15 38.15 97.11 35.47 Power Grid Corporation Of India Energy 1.96 19.99 16.88 76.95 ITC Consumer Staples 1.91 30.65 16.38 14.77
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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 Tata Balanced Advantage Fund Direct - Growth 22.24 10,051.50 0.50 24.01 14.11 16.38 HDFC Balanced Advantage Fund Direct Plan-Growth 551.39 94,048.24 0.34 39.24 25.34 22.94 Sundaram Balanced Advantage Fund Direct-Growth 40.31 1,572.95 1.30 25.27 13.67 16.45 HDFC Dynamic PE Ratio FoF Direct- Growth 43.39 47.84 0.89 23.18 16.36 17.71 ICICI Prudential Balanced Advantage Direct-Growth 78.18 60,135.00 1.40 24.57 14.55 15.54
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
6.18VS7.59Fund 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
0.52VS0.57Fund 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.
Better risk-adjusted returns
1.42VS1.20Fund 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.
Better risk-adjusted returns
16.95VS15.65Fund 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.
Better risk-adjusted returns
3.36VS2.89Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
14.29VS14.42Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
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Fund Manager
- S.J.Sailesh JainSince Jan 20197 schemes
- A.M.Akhil MittalSince Jan 20196 schemes
Mr. Jain is a Commerce Graduate and an MBA. Prior to joining TATA Mutual Fund, he has worked with Invesco Mutual Fund, IDFC Securities Ltd. as Head Derivatives, Quant Broking Pvt Ltd. as Vice President and IIFL(India Infoline) as Vice President.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Tata Arbitrage Fund Direct - Growth Arbitrage 14.19 11,915.77 8.32 Tata ELSS Tax Saver Fund Direct-Growth ELSS 51.17 4,722.04 38.02 Tata Multi Asset Opportunities Fund Direct - Growth Multi Asset Allocation 24.38 3,187.72 28.64 Tata Equity Savings Fund Direct-Growth Equity Savings 58.74 157.95 17.46 Tata Business Cycle Fund Direct - Growth Thematic 20.92 Unrated 2,775.86 48.00 Tata Dividend Yield Fund Direct - Growth Thematic-Dividend Yield 19.69 Unrated 1,037.66 41.17 Tata Quant Fund Direct - Growth Thematic 17.65 Unrated 67.24 35.76 Mr. Mittal is B.Com (H) and MBA from University Business School. Prior to joining Tata AMC, he has worked with Canara Robeco AMC, Principal Asset Management Company, Edelweiss Securities Ltd. and Rallis India Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Tata Ultra Short Term Fund Direct - Growth Ultra Short Duration 13.96 2,531.09 7.67 Canara Robeco Liquid Direct Plan-Growth Liquid 2,980.32 3,779.35 7.43 Tata Gilt Securities Fund Direct-Growth Gilt 81.40 719.86 8.95 Tata Floating Rate Fund Direct - Growth Floater 12.09 215.33 7.68 Tata Treasury Advantage Direct Plan-Growth Low Duration 3,786.47 2,669.15 7.57 Tata Treasury Advantage Fund Segregated Portfolio 1 Direct - Growth Low Duration 80.12 Unrated 15.12 -
More Tata Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Tata Liquid Fund Direct-Growth | 21,011.58 | 0.60 | 1.87 | 3.76 | 7.37 | 5.77 | |
Tata Money Market Fund Direct-Growth | 18,756.93 | 0.65 | 2.00 | 4.05 | 7.74 | 6.22 | |
Tata Arbitrage Fund Direct - Growth | 11,828.86 | 0.72 | 2.15 | 4.44 | 8.53 | 6.37 | |
Tata Balanced Advantage Fund Direct - Growth | 9,275.70 | 2.81 | 6.10 | 10.77 | 23.10 | 14.65 | |
Tata Digital India Fund Direct-Growth | 9,223.32 | 4.40 | 1.60 | 5.97 | 34.79 | 15.62 | |
Tata Equity PE Fund Direct-Growth | 7,904.83 | 6.51 | 18.90 | 23.00 | 52.92 | 26.81 | |
Tata Large & Mid Cap Fund Direct Plan-Growth | 7,285.94 | 6.28 | 13.09 | 18.01 | 33.34 | 20.86 | |
Tata Small Cap Fund Direct - Growth | 7,083.38 | 5.53 | 23.80 | 21.50 | 46.04 | 29.63 | |
Tata ELSS Tax Saver Fund Direct-Growth | 4,199.87 | 7.90 | 14.75 | 15.66 | 37.23 | 21.06 | |
Tata Overnight Fund Direct - Growth | 3,907.60 | 0.56 | 1.67 | 3.36 | 6.84 | 5.42 |
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1. Tata Balanced Advantage Fund - Direct Plan is Open-ended Dynamic Asset Allocation Hybrid scheme which belongs to Tata Mutual Fund House.
2. The fund was launched on Jan 28, 2019.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments. "
2. It is benchmarked against CRISIL Hybrid 50+50 Moderate Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 46.7% in equities, 23.64% in debts and 28.21% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 28.15% of the assets, the top 3 sectors constitute around 23.26% 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 Tata Balanced Advantage Fund Direct - Growth
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 Tata Balanced Advantage Fund Direct - Growth
- Is it safe to invest in Tata Balanced Advantage Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Tata Balanced Advantage Fund - Direct Plan comes under High risk category.
- What is the category of Tata Balanced Advantage Fund - Direct Plan?Tata Balanced Advantage Fund - Direct Plan belongs to the Hybrid : Dynamic Asset Allocation category of funds.
- How Long should I Invest in Tata Balanced Advantage Fund - Direct Plan?The suggested investment horizon of investing into Tata 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 Tata Balanced Advantage Fund - Direct Plan?The Tata Balanced Advantage Fund - Direct Plan is managed by Sailesh Jain (Since Jan 09, 2019) and Akhil Mittal (Since Jan 09, 2019).
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