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NAV as of(Aug 11, 2023)
₹ 16.84 -0.47 % 1-D Change
Returns
8.91% p.a.
You get upto 1.28%extra returns
VRO Rating | |
Expense ratio | 0.78% As on Jun 30, 2023 |
Exit Load | 1.0% |
AUM (Fund Size) | ₹ 2,011 Crs |
Lock-in | No Lockin |
Age | 6 yrs 1 m Since Jul 11, 2017 |
Benchmark | Nifty 50 Hybrid Composite debt 50:50 Index |
Min. Investment | SIP ₹100 & Lumpsum ₹500 |
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FREE Portfolio Health Check Available on ET Money appTotal value | Profit | ||
---|---|---|---|
This fund | |||
Category Average | |||
Bank FD | |||
Gold |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
Large Cap 57.29%
Mid Cap 6.28%
Small Cap 3.97%
Other Cap -0%
Financial 26.87%
Materials 10.37%
Technology 9%
Healthcare 5.84%
GOI 6.66%
Reserve Bank of India 3.4%
Bharti Telecom Ltd. 2.49%
HDFC Bank Ltd. 1.75%
SOV 10.21%
Cash & Call Money 9.19%
AAA 7.5%
AA+ 3.23%
Debenture 9.69%
Net Receivables 8.66%
GOI Securities 6.65%
Treasury Bills 3.4%
Others 8.66%
Fund name | Annual Return % | ||
---|---|---|---|
HDFC Balanced Advantage Fund | 14.97% | ||
Edelweiss Balanced Advantage Fund | 12.36% | ||
ICICI Prudential Balanced Advantage Fund | 11.41% | ||
Kotak Balanced Advantage Fund | 11.32% | ||
Sundaram Balanced Advantage Fund | 11.32% | ||
Aditya Birla Sun Life Balanced Advantage Fund | 11.06% | ||
Axis Balanced Advantage Fund | 8.4% |
Period | Trailing returns | Category average |
---|---|---|
1 month | -0.24% | 0.89% |
3 months | 5.45% | 6.38% |
6 months | 8.43% | 9.58% |
1 year | 8.72% | 11.4% |
3 years | 12.81% | 14.31% |
5 years | 8.4% | 10.33% |
Level of Risk in the Scheme
Investors understand that their principal will be at Very High risk
HYBRID DYNAMIC ASSET ALLOCATION
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.
R Sivakumar
Mr. Sivakumar is a B.Tech from IIT Madras and MBA from IIM Ahmedabad.
Prior to joining Axis AMC he has worked with BNP Paribas Mutual Fund, Sundaram Mutual Fund (2001-2004), HDFC Mutual Fund and ITC Threadneedle.
Hardik Shah
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.
Ashish Naik
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.
TOTAL AUM:
₹2,48,980 Crs
As on Jun 30, 2023
Identifying a top performing fund that consistently creates wealth can be a challenging task due to the dynamic nature of the market. Top funds often change frequently, sometimes even on a daily basis.
However, with ET Money's fund report card, it is now possible to find a fund that consistently ranks at the top and generates wealth over a long period of time. This valuable resource makes it easier to navigate the complex and constantly changing world of financial markets.
At ET Money, we have developed a smart ranking system for funds based on their consistency. We believe that consistently performing at the top of a category is more important than just occasionally ranking highly. To evaluate the consistency of a fund, we have identified two key parameters: "consistency of returns" and "protection from volatility." We assess these parameters by analyzing the strong performance and low volatility of a fund over a prolonged period of time. To arrive at a rating for these parameters, we carefully consider the track record of a fund in terms of both performance and volatility.
In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
The Axis Balanced Advantage Fund is a 6 yrs 1 m old fund and has delivered average annual returns of 8.91% since inception.
1-Year | 3-Year | 5-Year | Since Inception |
---|---|---|---|
8.72% | 12.81% | 8.4% | 8.91% |
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Axis Balanced Advantage Fund for Aug 11, 2023 is 16.84.
Axis Balanced Advantage Fund has an ET Money Rank of # 9 of 19 and a consistency rating of 2.
This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category.
On ET Money, Investing in Axis Balanced Advantage Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Axis Balanced Advantage Fund is 0.78%. .
Redeeming your investments in Axis Balanced Advantage Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Axis Balanced Advantage Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Axis Balanced Advantage Fund is ₹2,011 Crs.
The Axis Balanced Advantage Fund's equity portion has been invested in the stocks of the following companies
Company | Percentage of Portfolio |
---|---|
HDFC Bank Ltd. | 7.14% |
ICICI Bank Ltd. | 6.96% |
Infosys Ltd. | 4.64% |
Bajaj Finance Ltd. | 4.29% |
Kotak Mahindra Bank Ltd. | 4.18% |
Ambuja Cements Ltd. | 3.71% |
Reliance Industries Ltd. | 3.65% |
Asian Paints Ltd. | 2.91% |
Sun Pharmaceutical Inds. Ltd. | 2.74% |
Hindustan Unilever Ltd. | 2.55% |
The Axis Balanced Advantage Fund's equity portion is primarily invested in the following sectors -
Sector | Percentage of Portfolio |
---|---|
Financial | 26.87% |
Materials | 10.37% |
Technology | 9% |
Healthcare | 5.84% |
Automobile | 4.73% |
Unclassified | 3.65% |
Consumer Staples | 3.51% |
Construction | 2.5% |
Capital Goods | 2.18% |
Insurance | 2.01% |
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The Axis Balanced Advantage Fund's debt portion's allocation by credit quality is given belowCredit Quality | Percentage of Portfolio |
SOV | 10.21% |
Cash & Call Money | 9.19% |
AAA | 7.5% |
The top 3 debt holdings of Axis Balanced Advantage Fund are as follows
Holding Name | Percentage of Portfolio |
GOI | 6.66% |
Reserve Bank of India | 3.4% |
Bharti Telecom Ltd. | 2.49% |