PGIM India Balanced Advantage Fund Direct Growth
HybridDynamic Asset AllocationVery High Risk
Direct
NAV (06-Sep-24)
₹16.03-0.43%1D
Returns (Since Inception)
14.06%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,127 Cr
Expense Ratio
0.47%
ISIN
INF663L01V49
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
04 Feb 2021
About this fund
PGIM India Balanced Advantage Fund Direct Growth is a Dynamic Asset Allocation mutual fund schemes offered by PGIM India Mutual Fund. This fund has been in existence for 3 years, 7 months and 3 days, having been launched on 04-Feb-21.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹16.03, Assets Under Management (AUM) of 1127.42 Crores, and an expense ratio of 0.47%.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹16.03, Assets Under Management (AUM) of 1127.42 Crores, and an expense ratio of 0.47%.
- PGIM India Balanced Advantage Fund Direct Growth has given a CAGR return of 14.06% since inception.
- The fund's asset allocation comprises around 68.49% in equities, 21.17% in debts, and 10.34% in cash & cash equivalents.
- You can start investing in PGIM India Balanced Advantage Fund Direct Growth with a SIP of ₹1000 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
+20.44%
+25.13% (Cat Avg.)
3 Years
+12.03%
+13.07% (Cat Avg.)
Since Inception
+14.06%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹772.19 Cr | 68.49% |
| Debt | ₹238.69 Cr | 21.17% |
| Others | ₹116.54 Cr | 10.34% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹60.75 Cr | 5.39% |
| 7.18% Govt Stock 2037 | Bond - Gov't/Treasury | ₹60.72 Cr | 5.39% |
| ICICI Bank Ltd | Equity | ₹60.48 Cr | 5.36% |
| Reliance Industries Ltd | Equity | ₹59.09 Cr | 5.24% |
| 7.18% Govt Stock 2033 | Bond - Gov't/Treasury | ₹47.07 Cr | 4.17% |
| Clearing Corporation Of India Ltd. | Cash - Repurchase Agreement | ₹44.11 Cr | 3.91% |
| Infosys Ltd | Equity | ₹31.86 Cr | 2.83% |
| Tata Consultancy Services Ltd | Equity | ₹29.34 Cr | 2.60% |
| Larsen & Toubro Ltd | Equity | ₹23.21 Cr | 2.06% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹19.64 Cr | 1.74% |
| Bharti Airtel Ltd | Equity | ₹19.4 Cr | 1.72% |
| 6.54% Govt Stock 2032 | Bond - Gov't/Treasury | ₹18.55 Cr | 1.65% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹18.36 Cr | 1.63% |
| Indraprastha Gas Ltd | Equity | ₹18.22 Cr | 1.62% |
| 7.25% Govt Stock 2063 | Bond - Gov't/Treasury | ₹17.34 Cr | 1.54% |
| SRF Ltd | Equity | ₹16.06 Cr | 1.42% |
| Avenue Supermarts Ltd | Equity | ₹15.88 Cr | 1.41% |
| Varun Beverages Ltd | Equity | ₹15.05 Cr | 1.33% |
| Small Industries Development Bank Of India** | Cash - Commercial Paper | ₹14.89 Cr | 1.32% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹14.84 Cr | 1.32% |
| Axis Bank Ltd | Equity | ₹14.37 Cr | 1.27% |
| Bharat Forge Ltd | Equity | ₹14.13 Cr | 1.25% |
| United Spirits Ltd | Equity | ₹14.12 Cr | 1.25% |
| Zomato Ltd | Equity | ₹14.03 Cr | 1.24% |
| Kotak Mahindra Bank Ltd | Equity | ₹13.89 Cr | 1.23% |
| Maruti Suzuki India Ltd | Equity | ₹13.77 Cr | 1.22% |
| JK Cement Ltd | Equity | ₹13.69 Cr | 1.21% |
| Mphasis Ltd | Equity | ₹13.57 Cr | 1.20% |
| Havells India Ltd | Equity | ₹12.63 Cr | 1.12% |
| J.B. Chemicals & Pharmaceuticals Ltd | Equity | ₹12.45 Cr | 1.10% |
| Titan Co Ltd | Equity | ₹12.22 Cr | 1.08% |
| NTPC Ltd | Equity | ₹12.17 Cr | 1.08% |
| InterGlobe Aviation Ltd | Equity | ₹12.12 Cr | 1.08% |
| Britannia Industries Ltd | Equity | ₹12.03 Cr | 1.07% |
| Aarti Industries Ltd | Equity | ₹11.92 Cr | 1.06% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹11.9 Cr | 1.06% |
| SBI Life Insurance Company Limited | Equity | ₹11.76 Cr | 1.04% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹11.69 Cr | 1.04% |
| Info Edge (India) Ltd | Equity | ₹11.18 Cr | 0.99% |
| Sikka Ports & Terminals Limited | Bond - Corporate Bond | ₹10.03 Cr | 0.89% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹9.9 Cr | 0.88% |
| Multi Commodity Exchange of India Ltd | Equity | ₹9.54 Cr | 0.85% |
| 7.38% Govt Stock 2027 | Bond - Gov't/Treasury | ₹9.51 Cr | 0.84% |
| Shriram Finance Ltd | Equity | ₹9.28 Cr | 0.82% |
| 7.26% Govt Stock 2033 | Bond - Gov't/Treasury | ₹8.76 Cr | 0.78% |
| Astral Ltd | Equity | ₹8.72 Cr | 0.77% |
| Trent Ltd | Equity | ₹8.1 Cr | 0.72% |
| Abbott India Ltd | Equity | ₹7.96 Cr | 0.71% |
| Bharat Electronics Ltd | Equity | ₹7.93 Cr | 0.70% |
| Timken India Ltd | Equity | ₹7.88 Cr | 0.70% |
| CG Power & Industrial Solutions Ltd | Equity | ₹7.85 Cr | 0.70% |
| Dixon Technologies (India) Ltd | Equity | ₹7.43 Cr | 0.66% |
| Bajaj Finance Ltd | Equity | ₹7.34 Cr | 0.65% |
| Mankind Pharma Ltd | Equity | ₹7.05 Cr | 0.63% |
| UNO Minda Ltd | Equity | ₹6.95 Cr | 0.62% |
| National Housing Bank | Cash - Commercial Paper | ₹6.93 Cr | 0.61% |
| Mrs Bectors Food Specialities Ltd Ordinary Shares | Equity | ₹6.08 Cr | 0.54% |
| Larsen And Toubro Limited | Bond - Corporate Bond | ₹6.04 Cr | 0.54% |
| Mahindra & Mahindra Financial Services Ltd | Bond - Corporate Bond | ₹6.01 Cr | 0.53% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹5.97 Cr | 0.53% |
| Tube Investments of India Ltd Ordinary Shares | Equity | ₹5.85 Cr | 0.52% |
| 7.26% Govt Stock 2032 | Bond - Gov't/Treasury | ₹5.35 Cr | 0.47% |
| 7.17% Govt Stock 2028 | Bond - Gov't/Treasury | ₹5.16 Cr | 0.46% |
| Jamnagar Utilities And Power Private Limited | Bond - Corporate Bond | ₹5.02 Cr | 0.45% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹5.01 Cr | 0.44% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹4.98 Cr | 0.44% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹4.95 Cr | 0.44% |
| Page Industries Ltd | Equity | ₹4.84 Cr | 0.43% |
| Icici Securities Limited | Cash - Commercial Paper | ₹4.78 Cr | 0.42% |
| Canara Bank | Bond - Gov't Agency Debt | ₹4.78 Cr | 0.42% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹4.77 Cr | 0.42% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹4.77 Cr | 0.42% |
| Net Receivables / (Payables) | Cash | ₹4.61 Cr | 0.41% |
| Syngene International Ltd | Equity | ₹4.57 Cr | 0.41% |
| Navin Fluorine International Ltd | Equity | ₹4.39 Cr | 0.39% |
| Persistent Systems Ltd | Equity | ₹4.28 Cr | 0.38% |
| Central Depository Services (India) Ltd | Equity | ₹4.22 Cr | 0.37% |
| CE Info Systems Ltd | Equity | ₹4.2 Cr | 0.37% |
| Devyani International Ltd | Equity | ₹4.14 Cr | 0.37% |
| APL Apollo Tubes Ltd | Equity | ₹3.85 Cr | 0.34% |
| Hero MotoCorp Ltd | Equity | ₹3.75 Cr | 0.33% |
| Kotak Mahindra Investments Limited | Bond - Corporate Bond | ₹3.5 Cr | 0.31% |
| Safari Industries (India) Ltd | Equity | ₹3.48 Cr | 0.31% |
| Brigade Enterprises Ltd | Equity | ₹3.4 Cr | 0.30% |
| Jamnagar Utilities & Power Private Limited | Bond - Corporate Bond | ₹2.82 Cr | 0.25% |
| 7.06% Govt Stock 2028 | Bond - Gov't/Treasury | ₹2.18 Cr | 0.19% |
Allocation By Market Cap (Equity)
Large Cap Stocks
48.96%
Mid Cap Stocks
14.24%
Small Cap Stocks
5.29%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹229.63 Cr | 20.37% |
| Technology | ₹90.69 Cr | 8.04% |
| Industrials | ₹86.18 Cr | 7.64% |
| Consumer Cyclical | ₹85.42 Cr | 7.58% |
| Consumer Defensive | ₹63.16 Cr | 5.60% |
| Energy | ₹59.09 Cr | 5.24% |
| Basic Materials | ₹49.92 Cr | 4.43% |
| Healthcare | ₹43.72 Cr | 3.88% |
| Communication Services | ₹30.58 Cr | 2.71% |
| Utilities | ₹30.39 Cr | 2.70% |
| Real Estate | ₹3.4 Cr | 0.30% |
Risk & Performance Ratios
Standard Deviation
This fund
8.32%
Cat. avg.
7.43%
Lower the better
Sharpe Ratio
This fund
0.76
Cat. avg.
0.99
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.99
Higher the better
Fund Managers
VP
Vinay Paharia
Since April 2023
PP
Puneet Pal
Since December 2021
AP
Anandha Padmanabhan Anjeneyan
Since April 2023
UM
Utsav Mehta
Since April 2024
CG
Chetan Gindodia
Since March 2024
Additional Scheme Detailsas of 31st July 2024
ISIN | INF663L01V49 | Expense Ratio | 0.47% | Exit Load | No Charges | Fund Size | ₹1,127 Cr | Age | 04 Feb 2021 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Hybrid 50+50 - Moderate TR INR |
Investment 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
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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 name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Motilal Oswal Balance Advantage Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1270.57 Cr | 25.3% |
| Motilal Oswal Balance Advantage Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1270.57 Cr | 26.9% |
| Quant Dynamic Asset Allocation Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹1334.25 Cr | 52.1% |
| Quant Dynamic Asset Allocation Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1334.25 Cr | 49.8% |
| Bandhan Balanced Advantage Fund Direct Growth Moderately High risk | 0.7% | 1.0% | ₹2302.17 Cr | 22.1% |
| Bandhan Balanced Advantage Fund Regular Growth Moderately High risk | 2.0% | 1.0% | ₹2302.17 Cr | 20.5% |
| Mahindra Manulife Balanced Advantage Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹886.22 Cr | 26.4% |
| Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹886.22 Cr | 28.6% |
| Mirae Asset Balanced Advantage Fund Direct Growth High Risk | 0.7% | 1.0% | ₹1691.93 Cr | 22.5% |
| Mirae Asset Balanced Advantage Fund Regular Growth High Risk | 2.1% | 1.0% | ₹1691.93 Cr | 20.8% |
About the AMC
Total AUM
₹25,627 Cr
Address
Nirlon House, 2nd Floor, Mumbai, 400 030
Other Funds by PGIM India Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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We're here to help.
What is the current NAV of PGIM India Balanced Advantage Fund Direct Growth?
The NAV of PGIM India Balanced Advantage Fund Direct Growth, as of 06-Sep-2024, is ₹16.03.
What are the returns of PGIM India Balanced Advantage Fund Direct Growth?
The fund has generated 20.44% over the last 1 year and 12.03% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of PGIM India Balanced Advantage Fund Direct Growth?
The fund's allocation of assets is distributed as 68.49% in equities, 21.17% in bonds, and 10.34% in cash and cash equivalents.
Who manages the PGIM India Balanced Advantage Fund Direct Growth?
The fund managers responsible for PGIM India Balanced Advantage Fund Direct Growth are:-
- Vinay Paharia
- Puneet Pal
- Anandha Padmanabhan Anjeneyan
- Utsav Mehta
- Chetan Gindodia
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.