Dezerv

Fund Overview

Fund Size

Fund Size

₹886 Cr

Expense Ratio

Expense Ratio

0.56%

ISIN

ISIN

INF767K01QY0

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

12 Nov 2021

About this fund

LIC MF Balanced Advantage Fund Direct Growth is a Dynamic Asset Allocation mutual fund schemes offered by LIC Mutual Fund. This fund has been in existence for 2 years, 6 months and 10 days, having been launched on 12-Nov-21.
As of 21-May-24, it has a Net Asset Value (NAV) of ₹12.80, Assets Under Management (AUM) of 886.14 Crores, and an expense ratio of 0.56%.
  • LIC MF Balanced Advantage Fund Direct Growth has given a CAGR return of 10.29% since inception.
  • The fund's asset allocation comprises around 51.68% in equities, 22.94% in debts, and 25.38% in cash & cash equivalents.
  • You can start investing in LIC MF Balanced Advantage Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹5000.

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

+16.30%

+23.60% (Cat Avg.)

Since Inception

+10.29%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity457.97 Cr51.68%
Debt203.24 Cr22.94%
Others224.93 Cr25.38%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Cash Offset For DerivativesCash - General Offset205.03 Cr23.14%
7.26% Govt Stock 2032Bond - Gov't/Treasury76.26 Cr8.61%
HDFC Bank LtdEquity75.48 Cr8.52%
ICICI Bank LtdEquity63.15 Cr7.13%
Reliance Industries LtdEquity60.33 Cr6.81%
State Bank of IndiaEquity43 Cr4.85%
Future on ICICI Bank LtdEquity - Future-36.71 Cr4.14%
ITC LtdEquity36.47 Cr4.12%
Mahindra & Mahindra LtdEquity34.14 Cr3.85%
Future on Mahindra & Mahindra LtdEquity - Future-34.03 Cr3.84%
Infosys LtdEquity31.7 Cr3.58%
Tata Consultancy Services LtdEquity30.98 Cr3.50%
HDFC Bank LimitedBond - Corporate Bond26.76 Cr3.02%
07.71 MH Sdl 2033Bond - Gov't/Treasury26.3 Cr2.97%
07.68 Kt Gs 2037Bond - Gov't/Treasury26.15 Cr2.95%
07.80 Tn SDL 2032 27 JulBond - Gov't/Treasury25.98 Cr2.93%
Hindustan Unilever LtdEquity23.97 Cr2.71%
TrepsCash - Repurchase Agreement22.66 Cr2.56%
Axis Bank LtdEquity20.5 Cr2.31%
Kotak Mahindra Bank LtdEquity20.33 Cr2.29%
Bajaj Finance LtdEquity17.54 Cr1.98%
HCL Technologies LtdEquity17.38 Cr1.96%
Future on Axis Bank LtdEquity - Future-16.86 Cr1.90%
Future on Reliance Industries LtdEquity - Future-15.21 Cr1.72%
Future on Infosys LtdEquity - Future-14.6 Cr1.65%
Future on Tata Consultancy Services LtdEquity - Future-13.11 Cr1.48%
NTPC LtdEquity12.15 Cr1.37%
Future on State Bank of IndiaEquity - Future-11.5 Cr1.30%
Future on HCL Technologies LtdEquity - Future-11.32 Cr1.28%
07.68 Kt Gs 2039Bond - Gov't/Treasury11.22 Cr1.27%
Future on Hindustan Unilever LtdEquity - Future-11.05 Cr1.25%
7.54% Govt Stock 2036Bond - Gov't/Treasury10.57 Cr1.19%
R K Swamy LtdEquity8.71 Cr0.98%
Tech Mahindra LtdEquity8.64 Cr0.97%
Grasim Industries LtdEquity8.63 Cr0.97%
Shakti Pumps (India) LtdEquity8.2 Cr0.93%
Maruti Suzuki India LtdEquity7.75 Cr0.88%
Hero MotoCorp LtdEquity7.72 Cr0.87%
Bharat Electronics LtdEquity7.72 Cr0.87%
Future on NTPC LtdEquity - Future-7.12 Cr0.80%
Texmaco Rail & Engineering LtdEquity6.83 Cr0.77%
Hindalco Industries LtdEquity6.35 Cr0.72%
Mankind Pharma LtdEquity6.12 Cr0.69%
Future on Maruti Suzuki India LtdEquity - Future-5.47 Cr0.62%
Future on Bharat Electronics LtdEquity - Future-5.36 Cr0.61%
UltraTech Cement LtdEquity5.05 Cr0.57%
Future on Bajaj Finance LtdEquity - Future-4.79 Cr0.54%
Power Grid Corp Of India LtdEquity4.64 Cr0.52%
IndusInd Bank LtdEquity4.56 Cr0.51%
Piramal Enterprises LtdEquity4.38 Cr0.49%
Future on SRF LtdEquity - Future-4.35 Cr0.49%
SRF LtdEquity4.32 Cr0.49%
Future on HDFC Bank LtdEquity - Future-4.24 Cr0.48%
Power Finance Corp LtdEquity4.21 Cr0.47%
Syngene International LtdEquity4.19 Cr0.47%
Future on ITC LtdEquity - Future-4.13 Cr0.47%
Godrej Consumer Products LtdEquity4.02 Cr0.45%
Mahindra & Mahindra Financial Services LtdEquity3.93 Cr0.44%
Torrent Pharmaceuticals LtdEquity3.49 Cr0.39%
SBI Life Insurance Company LimitedEquity3.29 Cr0.37%
Bajaj Holdings and Investment LtdEquity3.21 Cr0.36%
APL Apollo Tubes LtdEquity3.04 Cr0.34%
REC LtdEquity2.95 Cr0.33%
Net Receivables / (Payables)Cash-2.76 Cr0.31%
Emami LtdEquity2.75 Cr0.31%
Future on Hindalco Industries LtdEquity - Future-2.73 Cr0.31%
Piramal Pharma LtdEquity2.72 Cr0.31%
Bank of IndiaEquity2.66 Cr0.30%
Cholamandalam Investment and Finance Co LtdEquity2.61 Cr0.30%
Varun Beverages LtdEquity2.61 Cr0.29%
EIH LtdEquity2.6 Cr0.29%
City Union Bank LtdEquity2.59 Cr0.29%
TVS Motor Co LtdEquity2.57 Cr0.29%
IDFC First Bank LtdEquity2.55 Cr0.29%
CreditAccess Grameen Ltd Ordinary SharesEquity2.53 Cr0.29%
Future on Tech Mahindra LtdEquity - Future-2.44 Cr0.28%
Dalmia Bharat LtdEquity2.26 Cr0.26%
HDFC Life Insurance Company LimitedEquity2.07 Cr0.23%
Garware Hi-Tech Films LtdEquity1.93 Cr0.22%
Alkem Laboratories LtdEquity1.81 Cr0.20%
Samvardhana Motherson International LtdEquity1.75 Cr0.20%
Sonata Software LtdEquity1.64 Cr0.19%
Gujarat State Petronet LtdEquity1.59 Cr0.18%
Bharat Petroleum Corp LtdEquity1.56 Cr0.18%
Oil India LtdEquity1.45 Cr0.16%
Abbott India LtdEquity1.26 Cr0.14%
JNK India LtdEquity0.29 Cr0.03%
Dr Reddy's Laboratories LtdEquity0.08 Cr0.01%
Grasim Industries Ltd Ordinary Shares (Partly Paid Rs.0.50)Equity0.07 Cr0.01%

Allocation By Market Cap (Equity)

Large Cap Stocks

43.45%

Mid Cap Stocks

3.92%

Small Cap Stocks

4.32%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services281.54 Cr31.77%
Technology90.34 Cr10.19%
Consumer Defensive69.82 Cr7.88%
Energy63.35 Cr7.15%
Consumer Cyclical56.53 Cr6.38%
Basic Materials31.64 Cr3.57%
Industrials23.03 Cr2.60%
Healthcare19.66 Cr2.22%
Utilities18.39 Cr2.07%
Communication Services8.71 Cr0.98%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

7.46%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.95

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.90

Higher the better

Fund Managers

YP

Yogesh Patil

Since November 2021

Rahul Singh

Rahul Singh

Since November 2021

JT

Jaiprakash Toshniwal

Since June 2022

Additional Scheme Detailsas of 30th April 2024

ISININF767K01QY0Expense Ratio0.56%Exit Load1.00%Fund Size₹886 CrAge12 Nov 2021Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkNifty 50 Hybrid Comp Debt 50:50 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.

Similar Dynamic Asset Allocation Funds

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

₹28,653 Cr

Address

4th Floor, Industrial Assurance Building, Mumbai, 400 020

Other Funds by LIC Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
LIC MF Large & Mid Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹2738.57 Cr47.5%
LIC MF Aggressive Hybrid Fund Direct Growth

Very High Risk

1.4%1.0%₹516.89 Cr28.5%
LIC MF Medium to Long Duration Bond Fund Direct Growth

Moderate Risk

0.2%0.0%₹170.69 Cr6.7%
LIC MF Flexi Cap Fund Direct Growth

Very High Risk

1.4%1.0%₹975.86 Cr33.4%
LIC MF Gilt Fund Direct Growth

Moderate Risk

0.8%0.0%₹46.94 Cr6.9%
LIC MF Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹1361.79 Cr7.0%
LIC MF Large Cap Fund Direct Growth

Very High Risk

1.0%1.0%₹1423.06 Cr27.3%
LIC MF Low Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹1415.05 Cr7.4%
LIC MF S & P Sensex Index Fund Direct Growth

Very High Risk

0.4%0.0%₹78.59 Cr20.9%
LIC MF Nifty 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹296.05 Cr24.7%
LIC MF Infrastructure Fund Direct Growth

Very High Risk

1.4%1.0%₹267.88 Cr86.8%
LIC MF Liquid Plan Direct Growth

Low to Moderate Risk

0.2%0.0%₹12113.65 Cr7.3%
LIC MF ELSS Direct Growth

Very High Risk

1.0%0.0%₹1049.91 Cr33.5%
LIC MF Short Duration Fund Direct Growth

Moderate Risk

0.4%0.0%₹114.33 Cr7.2%
LIC MF Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹212.79 Cr7.8%
LIC MF Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹886.14 Cr16.3%
LIC MF Conservative Hybrid Fund Direct Growth

Moderately High risk

1.3%1.0%₹51.17 Cr8.2%
LIC MF Banking & Financial Services Fund Direct Growth

Very High Risk

1.1%1.0%₹305.10 Cr16.4%
LIC MF Money Market Fund Direct Growth

Low Risk

0.6%0.0%₹20.44 Cr6.9%
LIC MF Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹478.01 Cr6.8%
LIC MF Multi Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹1006.55 Cr47.3%
LIC MF Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹284.82 Cr7.0%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of LIC MF Balanced Advantage Fund Direct Growth, as of 21-May-2024, is ₹12.80.
The fund's allocation of assets is distributed as 51.68% in equities, 22.94% in bonds, and 25.38% in cash and cash equivalents.
The fund managers responsible for LIC MF Balanced Advantage Fund Direct Growth are:-
  1. Yogesh Patil
  2. Rahul Singh
  3. Jaiprakash Toshniwal