LIC MF Balanced Advantage Fund Direct Growth

Hybrid
Dynamic Asset Allocation
Very High Risk
1M
6M
1Y
All
NAV: 24 May 2024₹12.90
Min. SIP amountNot Supported
RatingNA
Fund size₹886.14Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Hybrid Dynamic Asset Allocation
Absolute returns
3M6M1YAll
Fund returns3.6%10.5%17.1%29.0%
Category averageNANA25.6%NA
Rank with in category253131NA
Understand terms

Holdings (77)

NameSectorInstrumentAssets
SovereignGOI Sec8.57%
FinancialEquity8.07%
FinancialEquity7.19%
EnergyEquity6.85%
FinancialEquity5.43%
Consumer StaplesEquity4.02%
Tata Capital Housing Finance Ltd.
FinancialCP3.84%
TechnologyEquity3.75%
TechnologyEquity3.53%
AutomobileEquity3.42%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Cons

Lower expense ratio: 0.55%
1Y annualised returns lower than category average by 5.72%

Expense ratio, exit load and tax

Expense ratio: 0.56%

Inclusive of GST

Exit load

For units in excess of 12% of the investment,1% will be charged for redemption within 3 months.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported

Fund management

Rahul Singh
Oct 2021 - Present
View details

Education
Mr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.
Experience
Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).
Also manages these schemes

Jaiprakash Toshniwal
Jun 2022 - Present
View details

Fund house & investment objective

Fund house contact details

Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Launch Date
20 Apr 1994
LIC Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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