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​​​​​​​​​​​​ ​​​​​Home Funds and Performance Nippon India Balanced Advantage Fund.​ ​​​​​​​

Nippon India Balanced Advantage Fund (Formerly Reliance Balanced Advantage Fund)

An Open Ended Dynamic Asset Allocation Fund

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This product is suitable for investors who are seeking*:

  • Long term capital growth.
  • Investment in equity & equity related instruments, debt, money market instruments and derivatives

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

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  • Investment Objective:
    The investment objective of the scheme is to capitalize on the potential upside in equity markets while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

Fund PerformanceGrowth Plan - Growth Option

  • Latest NAV (20 Nov 2019)93.5909


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NAV as on Oct 31, 2019: ` 92.5048

Performance of Nippon India Balanced Advantage Fund as on 31/10/2019
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Nippon India Balanced Advantage Fund - Growth 9.14 8.32 7.96 16.03
B: CRISIL Hybrid 35+65 - Aggressive Index 13.80 10.10 9.47 12.56
AB: S&P BSE Sensex TRI 17.97 14.18 8.99 15.19
Value of `10000 Invested
Nippon India Balanced Advantage Fund - Growth 10,914 12,718 14,672 92,504
B: CRISIL Hybrid 35+65 - Aggressive Index 11,380 13,359 15,722 58,738
AB: S&P BSE Sensex TRI 11,797 14,903 15,380 83,106
Inception Date: Nov 15, 2004
B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index
Fund Manager: Manish Gunwani (Since May 2018), Ashutosh Bhargava [Co-Fund Manager] (Since May 2018)

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Manish Gunwani

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India Growth Fund 9.002.736.044.598.399.81

Note:

a. Mr. Manish Gunwani manages 2 open-ended scheme of Nippon India Mutual Fund.

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth plan (Regular Plan).

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Mr. Manish Gunwani has been managing Nippon India Growth Fund since Sep 2017, Nippon India Balanced Advantage Fund since May 2018

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Ashutosh Bhargava

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India Quant Fund 7.5913.667.9611.275.199.39

Note:

a. Ashutosh Bhargava manages 2 open-ended scheme of Nippon India Mutual Fund.

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth plan (Regular Plan).

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Mr. Ashutosh Bhargava has been managing Nippon India Balanced Advantage Fund since May 2018, Nippon India Quant Plus Fund since Sep 2017

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other Investment. Dividends (if any) are assumed to be reinvested at the prevailing NAV. In case of LIQUIDBEES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted. Performance of dividend option would be Net of Dividend distribution tax, if any. Face value of scheme is `10/- per unit. Face Value of Nippon India Low Duration Fund is `1000/- per unit. Face Value of Nippon India Money Market Fund, Nippon India Liquid Fund, Nippon India Ultra Short Duration Fund is `1000/- per unit w.e.f 5th Aug 2012. Face value of Nippon India ETF Junior BeES is `1.25/- per unit. Face value of Nippon India ETF Liquid BeES is `1000/- per unit. Face value of Nippon India ETF Gold BeES is `100/- per unit. Face value of Nippon India Overnight Fund is `100/- per unit. In case, the start/end date of the concerned period is non-business day (NBD), the NAV of the previous date is considered for computation of returns. Schemes which have not completed one year, performance details for the same are not provided. Performance details of closed ended schemes are not provided since these are not comparable with other schemes.Different plans shall have a different expense structure. The performance details provided herein are of Growth plan (Regular Plan).







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Fund Details

  • Inception Date15 Nov 2004
  • Fund ManagerMr. Manish Gunwani | Mr. Ashutosh Bhargava
Current Investment Philosophy
    • Nippon India Balanced Advantage Fund attempts to capitalize on the potential upside in equity markets while attempting to limit the downside by dynamically managing the portfolio through investment in equity and active use of debt, money market instruments and derivatives.
    • A model based Dynamic Asset Allocation Fund that aims to offer Triple Benefits of 1. Emotion Free Asset Allocation through Model Based Asset Allocation, 2. Lowers downside risk through hedging and 3. Long Term Alpha – through Active Stock selection and Sector.
    • The fund follows an in-house proprietary Model (which follows Valuations & Trend Following) to determine unhedged equity allocation.
    • The fund maintains a large cap oriented portfolio diversified across sectors. Debt portfolio is managed conservatively, focused at the shorter end through investment in a combination of liquid and short term fixed income securities.
Minimum Investment
100.00

    and in multiples of Re. 1 thereafter wef. 02/07/2019

Load Details

Entry Load*:

Not Applicable

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load**:

10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO):

1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units.

Nil, thereafter

**If charged, the same shall be credited to the scheme immediately net of Goods & Service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • Long term capital growth.
  • Investment in equity & equity related instruments, debt, money market instruments and derivatives

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them



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Details as on Oct 31 , 2019

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