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Fund Overview

Fund Size

Fund Size

₹2,124 Cr

Expense Ratio

Expense Ratio

0.90%

ISIN

ISIN

INF846K01A29

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

01 Aug 2017

About this fund

Axis Balanced Advantage Fund Direct Growth is a Dynamic Asset Allocation mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 6 years, 9 months and 21 days, having been launched on 01-Aug-17.
As of 21-May-24, it has a Net Asset Value (NAV) of ₹20.34, Assets Under Management (AUM) of 2123.94 Crores, and an expense ratio of 0.9%.
  • Axis Balanced Advantage Fund Direct Growth has given a CAGR return of 11.00% since inception.
  • The fund's asset allocation comprises around 66.24% in equities, 23.69% in debts, and 10.06% in cash & cash equivalents.
  • You can start investing in Axis Balanced Advantage Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+27.05%

+23.60% (Cat Avg.)

3 Years

+14.28%

+12.61% (Cat Avg.)

5 Years

+12.28%

+12.37% (Cat Avg.)

Since Inception

+11.00%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity1,407 Cr66.24%
Debt503.27 Cr23.69%
Others213.67 Cr10.06%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
7.25% Govt Stock 2063Bond - Gov't/Treasury183.47 Cr8.64%
ICICI Bank LtdEquity132.27 Cr6.23%
Reliance Industries LtdEquity108.78 Cr5.12%
Clearing Corporation Of India LtdCash - Repurchase Agreement101.08 Cr4.76%
HDFC Bank LtdEquity85.05 Cr4.00%
7.3% Govt Stock 2053Bond - Gov't/Treasury80.04 Cr3.77%
Infosys LtdEquity65.73 Cr3.09%
Bajaj Finance LtdEquity56.04 Cr2.64%
Larsen & Toubro LtdEquity53.6 Cr2.52%
Net Receivables / (Payables)Cash53.23 Cr2.51%
Sun Pharmaceuticals Industries LtdEquity52.59 Cr2.48%
Mahindra & Mahindra LtdEquity48.7 Cr2.29%
Bharti Airtel LtdEquity47.87 Cr2.25%
NTPC LtdEquity45.91 Cr2.16%
State Bank of IndiaEquity40.35 Cr1.90%
Pidilite Industries LtdEquity40.07 Cr1.89%
Mahanagar Telephone Nigam LimitedBond - Corporate Bond33.31 Cr1.57%
SBI Life Insurance Company LimitedEquity31.44 Cr1.48%
Bharat Highways InvIT UnitEquity26.68 Cr1.26%
Bajaj Auto LtdEquity26.52 Cr1.25%
Indian BankEquity25.89 Cr1.22%
HDFC Bank LimitedBond - Corporate Bond25.05 Cr1.18%
360 One Prime Ltd. 9.2%Bond - Corporate Bond24.97 Cr1.18%
Shriram Finance Ltd. 8.75%Bond - Corporate Bond24.96 Cr1.18%
Kotak Mahindra Bank LtdEquity23.78 Cr1.12%
Dabur India LtdEquity22.9 Cr1.08%
Vijaya Diagnostic Centre LtdEquity22.56 Cr1.06%
ICICI Prudential Life Insurance Company LimitedEquity22.04 Cr1.04%
Tata Consultancy Services LtdEquity20.94 Cr0.99%
Mankind Pharma LtdEquity19.89 Cr0.94%
UNO Minda LtdEquity19.41 Cr0.91%
Kaynes Technology India LtdEquity17.99 Cr0.85%
Cholamandalam Investment And Fin. Co. LtdBond - Corporate Bond17.86 Cr0.84%
Coal India LtdEquity17.76 Cr0.84%
Bharat Dynamics Ltd Ordinary SharesEquity17.52 Cr0.82%
Tata Consumer Products LtdEquity17.45 Cr0.82%
Cummins India LtdEquity17.34 Cr0.82%
PI Industries LtdEquity16.96 Cr0.80%
Cholamandalam Investment and Finance Co LtdEquity16.75 Cr0.79%
Oil & Natural Gas Corp LtdEquity15.7 Cr0.74%
The Federal Bank LtdEquity15.54 Cr0.73%
Jio Financial Services LtdEquity15.52 Cr0.73%
Poonawalla Fincorp LimitedBond - Corporate Bond14.98 Cr0.71%
HDFC Bank LimitedBond - Corporate Bond14.97 Cr0.70%
191 DTB 19072024Bond - Gov't/Treasury14.78 Cr0.70%
Sona BLW Precision Forgings LtdEquity14.69 Cr0.69%
Indostar Capital Finance LimitedCash - Commercial Paper14.64 Cr0.69%
Bharat Electronics LtdEquity14.63 Cr0.69%
KFin Technologies LtdEquity14.08 Cr0.66%
Coforge LtdEquity13.29 Cr0.63%
Dixon Technologies (India) LtdEquity13.01 Cr0.61%
Jyoti CNC Automation LtdEquity11.3 Cr0.53%
TVS Motor Co LtdEquity11.19 Cr0.53%
United Spirits LtdEquity11.06 Cr0.52%
Brigade Enterprises LtdEquity10.88 Cr0.51%
Future on Steel Authority Of India LtdEquity - Future-10.45 Cr0.49%
Steel Authority Of India LtdEquity10.38 Cr0.49%
Mphasis LtdEquity10.07 Cr0.47%
Max Healthcare Institute Ltd Ordinary SharesEquity10 Cr0.47%
Indian Railway Finance Corporation LimitedBond - Corporate Bond9.99 Cr0.47%
TATA Motors Finance LimitedBond - Corporate Bond9.98 Cr0.47%
Dlf Home Developers Limited 8.5%Bond - Corporate Bond9.98 Cr0.47%
7.18% Govt Stock 2037Bond - Gov't/Treasury9.95 Cr0.47%
Muthoot Finance LimitedBond - Corporate Bond9.94 Cr0.47%
Indostar Capital Finance LimitedBond - Corporate Bond9.93 Cr0.47%
DOMS Industries LtdEquity9.81 Cr0.46%
HDFC Bank LimitedBond - Corporate Bond9.5 Cr0.45%
Cipla LtdEquity9.06 Cr0.43%
UltraTech Cement LtdEquity8.71 Cr0.41%
Bharti Telecom LimitedBond - Corporate Bond8.1 Cr0.38%
VAJRA 003 TRUSTBond - Asset Backed7.53 Cr0.35%
SRF LtdEquity7.12 Cr0.34%
Future on Hindustan Aeronautics Ltd Ordinary SharesEquity - Future-7.02 Cr0.33%
Hindustan Aeronautics Ltd Ordinary SharesEquity6.97 Cr0.33%
Titagarh Rail Systems LtdEquity6.96 Cr0.33%
GPT Healthcare LtdEquity6.77 Cr0.32%
Vedant Fashions LtdEquity5.78 Cr0.27%
Future on RBL Bank LtdEquity - Future-5.5 Cr0.26%
RBL Bank LtdEquity5.47 Cr0.26%
Persistent Systems LtdEquity5.09 Cr0.24%
Tata Steel LimitedBond - Corporate Bond5.03 Cr0.24%
7.26% Govt Stock 2033Bond - Gov't/Treasury5.01 Cr0.24%
182 DTB 09052024Bond - Gov't/Treasury4.99 Cr0.24%
Aadhar Housing Finance LimitedBond - Corporate Bond4.98 Cr0.23%
Future on Bharat Heavy Electricals LtdEquity - Future-4.76 Cr0.22%
Bharat Heavy Electricals LtdEquity4.73 Cr0.22%
Future on GAIL (India) LtdEquity - Future-4.14 Cr0.20%
GAIL (India) LtdEquity4.11 Cr0.19%
Jubilant Foodworks LtdEquity3.06 Cr0.14%
Acc Limited May 2024 FutureEquity - Future-2.82 Cr0.13%
ACC LtdEquity2.81 Cr0.13%
Honasa Consumer LtdEquity2.75 Cr0.13%
Future on Bajaj Finance LtdEquity - Future-2.7 Cr0.13%
Ess KAy Auto Finance Private LimitedBond - Corporate Bond2.5 Cr0.12%
Tata Technologies LtdEquity2.21 Cr0.10%
Power Finance Corporation LimitedBond - Corporate Bond1.98 Cr0.09%
06.24 MH Sdl 2026Bond - Gov't/Treasury1.95 Cr0.09%
The India Cements Limited May 2024 FutureEquity - Future-1.63 Cr0.08%
India Cements LtdEquity1.63 Cr0.08%
08.51 MH Sdl 2026Bond - Gov't/Treasury1.27 Cr0.06%
Future on Canara BankEquity - Future-1.02 Cr0.05%
Canara BankEquity1.01 Cr0.05%
Tamil Nadu (Government of) 7.42%Bond - Sub-sovereign Government Debt1 Cr0.05%
Nestle India LtdEquity0.99 Cr0.05%
Future on Bank of BarodaEquity - Future-0.91 Cr0.04%
Bank of BarodaEquity0.91 Cr0.04%
Ambuja Cements LtdEquity0.41 Cr0.02%
Future on UltraTech Cement LtdEquity - Future-0.4 Cr0.02%
Future on TVS Motor Co LtdEquity - Future-0.36 Cr0.02%
Future on IDFC LtdEquity - Future-0.31 Cr0.01%
IDFC LtdEquity0.3 Cr0.01%
BSE LtdEquity0.28 Cr0.01%
Future on Bajaj Finserv LtdEquity - Future-0.24 Cr0.01%
Bajaj Finserv LtdEquity0.24 Cr0.01%
Future on United Spirits LtdEquity - Future-0.17 Cr0.01%
Future on Chambal Fertilisers & Chemicals LtdEquity - Future-0.16 Cr0.01%
Future on City Union Bank LtdEquity - Future-0.16 Cr0.01%
Chambal Fertilisers & Chemicals LtdEquity0.16 Cr0.01%
City Union Bank LtdEquity0.16 Cr0.01%
Torrent Pharmaceuticals LtdEquity0.14 Cr0.01%
Future on Info Edge (India) LtdEquity - Future-0.09 Cr0.00%
Info Edge (India) LtdEquity0.09 Cr0.00%
Future on Glenmark Pharmaceuticals LtdEquity - Future-0.08 Cr0.00%
Glenmark Pharmaceuticals LtdEquity0.08 Cr0.00%
Future on Apollo Hospitals Enterprise LtdEquity - Future-0.07 Cr0.00%
Apollo Hospitals Enterprise LtdEquity0.07 Cr0.00%
Future on Balkrishna Industries LtdEquity - Future-0.07 Cr0.00%
Balkrishna Industries LtdEquity0.07 Cr0.00%

Allocation By Market Cap (Equity)

Large Cap Stocks

52.09%

Mid Cap Stocks

9.29%

Small Cap Stocks

5.08%

Allocation By Credit Quality (Debt)

AAA

AA

A

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services499.71 Cr23.53%
Industrials160.85 Cr7.57%
Technology144.42 Cr6.80%
Energy142.24 Cr6.70%
Consumer Cyclical129.43 Cr6.09%
Healthcare121.16 Cr5.70%
Basic Materials88.24 Cr4.15%
Consumer Defensive55.15 Cr2.60%
Utilities50.02 Cr2.36%
Communication Services47.96 Cr2.26%
Real Estate10.88 Cr0.51%

Risk & Performance Ratios

Standard Deviation

This fund

7.47%

Cat. avg.

7.46%

Lower the better

Sharpe Ratio

This fund

1.13

Cat. avg.

0.95

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.90

Higher the better

Fund Managers

Devang Shah

Devang Shah

Since April 2024

Ashish Naik

Ashish Naik

Since March 2023

Hardik Shah

Hardik Shah

Since January 2022

Jayesh Sundar

Jayesh Sundar

Since September 2023

Additional Scheme Detailsas of 30th April 2024

ISININF846K01A29Expense Ratio0.90%Exit Load1.00%Fund Size₹2,124 CrAge01 Aug 2017Lumpsum Minimum₹100Fund StatusOpen Ended Investment CompanyBenchmarkNifty 50 TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

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Fund nameExpense RatioExit LoadFund size
1Y
Motilal Oswal Balance Advantage Fund Regular Growth

Very High Risk

2.2%1.0%₹1247.43 Cr26.7%
Motilal Oswal Balance Advantage Fund Direct Growth

Very High Risk

1.0%1.0%₹1247.43 Cr28.3%
Quant Dynamic Asset Allocation Fund Direct Growth

Very High Risk

0.7%1.0%₹1046.84 Cr63.5%
Quant Dynamic Asset Allocation Fund Regular Growth

Very High Risk

2.2%1.0%₹1046.84 Cr60.9%
Bandhan Balanced Advantage Fund Direct Growth

Moderately High risk

0.6%1.0%₹2228.68 Cr20.5%
Bandhan Balanced Advantage Fund Regular Growth

Moderately High risk

1.9%1.0%₹2228.68 Cr18.9%
Mahindra Manulife Balanced Advantage Fund Regular Growth

Very High Risk

2.3%1.0%₹731.33 Cr29.7%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹731.33 Cr32.0%
Mirae Asset Balanced Advantage Fund Direct Growth

High Risk

0.7%1.0%₹1570.06 Cr22.6%
Mirae Asset Balanced Advantage Fund Regular Growth

High Risk

2.1%1.0%₹1570.06 Cr20.9%

About the AMC

Total AUM

₹2,79,542 Cr

Address

Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025

Other Funds by Axis Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Axis Fixed Term Plan Series 120 (91 Days) Direct Growth

Moderate Risk

-0.0%--
Axis US Treasury Dynamic Bond ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹96.79 Cr-
Axis India Manufacturing Fund Direct Growth

Very High Risk

0.4%1.0%₹4683.25 Cr-
Axis Fixed Term Plan Series 118 100 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 113 1228 Days Direct Growth

Low to Moderate Risk

-0.0%-6.9%
Axis Fixed Term Plan Series 110 1553 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 105 1128 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 112 1143 Days Direct Growth

Low to Moderate Risk

-0.0%-6.8%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹77.96 Cr6.8%
Axis Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹13681.43 Cr6.7%
Axis Global Equity Alpha Fund of Fund Direct Growth

Very High Risk

1.0%1.0%₹880.21 Cr25.4%
Axis Nifty Smallcap 50 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹293.15 Cr73.4%
Axis Flexi Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹5310.41 Cr33.4%
Axis Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹8707.60 Cr7.7%
Axis Equity Hybrid Fund Direct Growth

Very High Risk

1.0%1.0%₹1588.78 Cr21.2%
Axis Special Situations Fund Direct Growth

Very High Risk

1.2%1.0%₹1216.85 Cr37.6%
Axis Corporate Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹5287.33 Cr7.4%
Axis ESG Equity Fund Direct Growth

Very High Risk

1.2%1.0%₹1362.05 Cr31.0%
Axis Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹4177.79 Cr8.2%
Axis Greater China Equity Fund of Fund Direct Growth

Very High Risk

0.6%1.0%₹146.76 Cr4.4%
Axis Value Fund Direct Growth

Very High Risk

1.1%1.0%₹531.98 Cr52.0%
Axis All Seasons Debt Fund of Funds Direct Growth

Moderately High risk

0.2%1.0%₹174.28 Cr7.0%
Axis Gilt Fund Direct Growth

Moderate Risk

0.4%0.0%₹322.22 Cr8.1%
Axis Bluechip Fund Direct Growth

Very High Risk

0.6%1.0%₹33351.61 Cr28.4%
Axis Dynamic Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹1737.25 Cr6.4%
Axis Gold Fund Direct Growth

High Risk

0.2%1.0%₹482.60 Cr21.9%
Axis Focused 25 Fund Direct Growth

Very High Risk

0.8%1.0%₹13893.00 Cr27.5%
Axis Regular Saver Fund Direct Growth

Very High Risk

0.8%1.0%₹334.85 Cr10.0%
Axis Strategic Bond Fund Direct Growth

Moderately High risk

0.3%1.0%₹1933.99 Cr7.8%
Axis Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹35641.94 Cr31.9%
Axis Short Term Fund Direct Growth

Moderate Risk

0.3%0.0%₹7945.25 Cr7.2%
Axis Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹35507.54 Cr7.4%
Axis Multi Asset Allocation Fund Direct Growth

Very High Risk

1.3%1.0%₹1202.42 Cr22.0%
Axis Midcap Fund Direct Growth

Very High Risk

0.5%1.0%₹26636.78 Cr46.2%
Axis Treasury Advantage Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹5585.73 Cr7.5%
Axis Equity Saver Fund Direct Growth

Moderately High risk

1.1%1.0%₹907.89 Cr18.6%
Axis Balanced Advantage Fund Direct Growth

Moderately High risk

0.9%1.0%₹2123.94 Cr27.0%
Axis Nifty Midcap 50 Index Fund Direct Growth

Low Risk

0.2%0.0%₹280.68 Cr59.0%
Axis Nifty IT Index Fund Direct Growth

Very High Risk

0.3%0.0%₹105.45 Cr-
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹34.01 Cr6.7%
Axis Credit Risk Fund Direct Growth

Moderately High risk

0.8%1.0%₹454.13 Cr7.7%
Axis Ultra Short Term Fund Direct Growth

Moderate Risk

0.3%0.0%₹4701.35 Cr7.7%
Axis Multicap Fund Direct Growth

Very High Risk

0.7%1.0%₹5310.41 Cr50.9%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹68.60 Cr6.7%
Axis Nifty AAA Bond Plus SDL Apirl 2026 50:50 ETF Fund Of Funds Direct Growth

Low to Moderate Risk

0.1%0.0%₹291.83 Cr6.4%
Axis Silver Fund of Funds Direct Growth

Very High Risk

0.1%0.0%₹37.60 Cr18.8%
Axis Nifty Next 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹165.80 Cr68.5%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹541.26 Cr7.0%
Axis Long Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹249.29 Cr7.2%
Axis Nifty 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹449.43 Cr24.8%

Risk Level

Your principal amount will be at Moderately High risk

Moderately High risk
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The NAV of Axis Balanced Advantage Fund Direct Growth, as of 21-May-2024, is ₹20.34.
The fund has generated 27.05% over the last 1 year and 14.28% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 66.24% in equities, 23.69% in bonds, and 10.06% in cash and cash equivalents.
The fund managers responsible for Axis Balanced Advantage Fund Direct Growth are:-
  1. Devang Shah
  2. Ashish Naik
  3. Hardik Shah
  4. Jayesh Sundar