NJ Balanced Advantage Fund - Direct (IDCW)


Dynamic Asset Allocation or Balanced Advantage
  • NAV 14.54 (-0.41%)
  • Fund Size (Cr) ₹3978.51
  • Expense Ratio 0.58
  • Scheme Type Active Fund
  • Value Research Stars
  • Minimum investment ₹500
  • Minimum Additional Investment ₹500
  • Minimum SIP Investment ₹100
  • Minimum Withdrawal ₹0
  • Exit Load 1%
  • Return Since Launch 14.96%

Basic Details

Scheme Manager
Viral Shah
Bench Mark
Nifty 50 Hybrid Composite Debt 50:50 Index
Type
OPEN

Lumpsum Returns

  • Period Invested For
  • ₹10000 Invested on
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • Category Avg
  • Rank within Category
  • 1 Week
  • 09-Jul-24
  • 10167.13
  • 1.67%
  • -
  • 0.50%
  • 2/141
  • 1 Month
  • 14-Jun-24
  • 10503.60
  • 5.04%
  • -
  • 3.03%
  • 6/141
  • 3 Month
  • 16-Apr-24
  • 11018.87
  • 10.19%
  • -
  • 8.31%
  • 14/141
  • 6 Month
  • 16-Jan-24
  • 11442.01
  • 14.42%
  • -
  • 11.84%
  • 13/133
  • 1 Year
  • 14-Jul-23
  • 13443.83
  • 34.44%
  • 34.44%
  • 26.02%
  • 12/121
  • 3 Year
  • -
  • -
  • -
  • -
  • -
  • -/-
  • 5 Year
  • -
  • -
  • -
  • -
  • -
  • -/-
  • Since Inception
  • 29-Oct-21
  • 14600
  • 46%
  • 14.96%
  • 14.15%
  • 38/141

Note: Lumpsum Returns since Inception Date.

SIP Returns

  • Period Invested For
  • ₹10000 Invested on
  • Investments
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • 1 Year
  • 01-Aug-23
  • 120000
  • 140570.88
  • 17.14%
  • 17.14%
  • 3 Year
  • -
  • -
  • -
  • -
  • -
  • 5 Year
  • -
  • -
  • -
  • -
  • -
  • 10 Year
  • -
  • -
  • -
  • -
  • -

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

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  • Expected Returns Rate

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Total of your Investment will be

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Returns
  • Invested Amount

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  • Estimated Returns

    0
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  • Monthly Investment

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Total of your Investment will be

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  • Invested Amount

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  • Estimated Returns

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Risk Ratios

  • Standard Deviation
    2.33%
  • Beta
    0.58%
  • Sharpe Ratio
    0.62%
  • Treynor’s Ratio
    0.20%
  • Jension’s Alpha
    3.55%

Asset Allocation

There is no Asset Allocation data.

Sector Allocation

There is no Sector Allocation data.

Top 10 stock holding in portfolio

  • Stock Invested in
  • % of Total Holdings
  • Quantity
  • Value (Cr)
  • Asset Type
  • Segment
  • HDFC Bank
  • 5.68%
  • 1343100
  • 226.15
  • Equity
  • Banks
  • Reliance Industr
  • 3.5%
  • 444250
  • 139.09
  • Equity
  • Refineries
  • TCS
  • 3.13%
  • 319262
  • 124.64
  • Equity
  • IT - Software
  • C D S L
  • 3.07%
  • 511599
  • 122.13
  • Equity
  • Miscellaneous
  • Bharat Electron
  • 2.79%
  • 3625711
  • 110.91
  • Equity
  • Aerospace & Defence
  • I R C T C
  • 2.72%
  • 1093661
  • 108.19
  • Equity
  • Railways
  • Power Grid Corpn
  • 2.66%
  • 3198019
  • 105.84
  • Equity
  • Power Generation & Distribution
  • REC Ltd
  • 2.56%
  • 1941224
  • 101.99
  • Equity
  • Finance
  • Hind.Aeronautics
  • 2.51%
  • 189438
  • 99.72
  • Equity
  • Aerospace & Defence
  • Oracle Fin.Serv.
  • 2.48%
  • 99820
  • 98.64
  • Equity
  • IT - Software

Peer Comparison

  • Scheme Name
  • Value Research
  • Asset Size (Cr)
  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • NJ Balanced Advantage Fund - Direct (IDCW)
  • Stars
  • 3978.51
  • 5.04%
  • 10.19%
  • 14.42%
  • 34.44%
  • -
  • Quant Dynamic Asset Allocation Fund-Direct (IDCW)
  • Stars
  • 1196.62
  • 4.50%
  • 9.59%
  • 25.84%
  • 58.56%
  • -
  • Quant Dynamic Asset Allocation Fund-Direct (G)
  • Stars
  • 1196.62
  • 4.50%
  • 9.60%
  • 25.85%
  • 58.54%
  • -
  • HDFC Balanced Advantage Fund - Direct (G)
  • Stars
  • 89903.19
  • 3.58%
  • 11.07%
  • 16.55%
  • 42.49%
  • 25.38%
  • HDFC Balanced Advantage Fund - Direct (IDCW)
  • Stars
  • 89903.19
  • 3.58%
  • 11.08%
  • 16.54%
  • 42.48%
  • 24.72%
  • Motilal Oswal Balance Advantage Fund-Dir (IDCW-Q)
  • Stars
  • 1226.73
  • 3.50%
  • 9.33%
  • 18.04%
  • 36.42%
  • 16.07%

News

  • NJ Mutual Fund Announces Appointment of Key Personnel NJ Mutual Fund has announced the appointment of M r. Vineet Nayyar as Executive Director and Deputy Chief Executive Officer with effect from July 01, 2024:

    Details of M r. Vineet Nayyar

    Age: 44 years

    Designation: Executive Director and Deputy Chief Executive Officer

    Qualification: Chartered Accountant, Cost Accountant and Commerce Graduate

    Mr. Rajiv Shastri-Director and Chief Executive Officer of NJ Asset Mnagement Private Limited has resigned and accordingly ceased to be the Key Personnel of NJAMPL with effect from June 30, 2024.

    Powered by Capital Market - Live News

  • NJ Mutual Fund Announces Appointment of Key Personnel NJ Mutual Fund has announced the appointment of Mr. G V Nageswara Rao as Independent Director with effect from June 01, 2024:

    Details of Mr . G V Nageswara Rao

    Age: 62 years

    Designation: Independent Director

    Qualification: Chartered Accountant, Cost Accountant and PGDM from the Indian Institute of Management, Ahmedabad

    Powered by Capital Market - Live News

  • NJ Arbitrage Fund Announces change in Exit Load Structure NJ Mutual Fund has announced that the exit load of NJ Arbitrage Fund will be revised as under with effect from May 06, 2024:

    Change in Exit Load:

    Name of the Scheme Existing Exit Load Structure Revised Exit Load Structure
    NJ Arbitrage Fund 1.NIL Exitload? for 5% ofthe units upto completion of30 days
    The ?First In First Out (FIFO)? logic will be applied while selecting the units for redemption.
    Waiver of Exit load is calculated for each inflow transaction separately on FIFO basis and not on the total units through multiple inflows.
    The load free units from purchases made subsequentto the initial purchase will be available only after redeem ing allunits from the initial purchase.

    2.All units redeemed /switched-out in excess ofthe 5% load free units will be subject to the below mentioned exitload.
    1.00% - if Units are redeemed /switched-out on or before 30 days from the date of allotment
    Nil- if redeemed after 30 days from the date of allotment.

    Nil

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

  • Date of Incorporation 08-Oct-2021
  • Total AUM (Cr) ₹3978.51

NJ Balanced Advantage Fund - Direct (IDCW) is an Dynamic Asset Allocation or Balanced Advantage-oriented fund from the renowned AMC, NJ Mutual Fund. Launched in Oct 2021, this fund is managed by Viral Shah. With assets under management (AUM) worth ₹3978.51 (Cr), as of 18-Jul-2024, NJ Balanced Advantage Fund - Direct (IDCW) is categorized as a Dynamic Asset Allocation or Balanced Advantage within its segment. The fund has generated a return of 14.96% since its launch.
The current NAV of NJ Balanced Advantage Fund - Direct (IDCW) is ₹14.54, as on 18-Jul-2024. The fund’s benchmark index is Nifty 50 Hybrid Composite Debt 50:50 Index. You can invest in NJ Balanced Advantage Fund - Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹100 while the minimum lumpsum investment is ₹500.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
All units redeemed / switched-out in excess of the 5% load free units will be subject to the below mentioned exit load. 1% - If redeemed / switch-out within 30 days of allotment Nil - If redeemed / switch-out after 30 days of allotment
The fund has generated - and - CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 83.62% in Equity, 16.14% in Debt and 0.25% in cash and cash equivalents
The top 5 sectors the fund invests in are: 15.17% in Banks, 13.64% in IT-Software, 9.56% in Debt, 7.28% in Capital Markets and 5.97% in Finance.

FAQs on NJ Balanced Advantage Fund - Direct (IDCW)

NJ Balanced Advantage Fund - Direct (IDCW) is a popular fund in the Dynamic Asset Allocation or Balanced Advantage segment. The fund has generated a return of 14.96% since inception. Looking to invest in NJ Balanced Advantage Fund - Direct (IDCW)? How about earning 1% extra return? All this is possible with m.Stock! Investing in NJ Balanced Advantage Fund - Direct (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, NJ Balanced Advantage Fund - Direct (IDCW)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in NJ Balanced Advantage Fund - Direct (IDCW) today and reap the benefits of this Dynamic Asset Allocation or Balanced Advantage fund!

In the short term, i.e., 1 year, NJ Balanced Advantage Fund - Direct (IDCW) has generated annualised return of 34.44%. In the long-term, the fund has generated - and - in 3 and 5 years respectively. Since its inception, the fund has generated 14.96% returns.

The expense ratio of NJ Balanced Advantage Fund - Direct (IDCW) Direct Growth is 0.58%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

The Assets Under Management (AUM) of NJ Balanced Advantage Fund - Direct (IDCW) is ₹3978.51 (Cr) as of 18 July 2024. AUM shows the fund’s popularity and is often indicative of fund strength.

Redeeming or selling units of NJ Balanced Advantage Fund - Direct (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from NJ Balanced Advantage Fund - Direct (IDCW):

  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case NJ Balanced Advantage Fund - Direct (IDCW)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).

Yes, you can invest both lumpsum and SIP in NJ Balanced Advantage Fund - Direct (IDCW). Minimum lumpsum investment NJ Balanced Advantage Fund - Direct (IDCW) is ₹500 and minimum SIP amount is ₹100. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

The latest NAV (Net Asset Value) of NJ Balanced Advantage Fund - Direct (IDCW) is ₹14.54 as on 18 July 2024.

The 5 biggest stock holdings of NJ Balanced Advantage Fund - Direct (IDCW) are:
HDFC Bank (5.68%), Reliance Industr (3.5%), TCS (3.13%), C D S L (3.07%), Bharat Electron (2.79%)

A majority of NJ Balanced Advantage Fund - Direct (IDCW) 's AUM worth ₹3978.51 (Cr) is invested in these 3 top sectors:

  • Banks: 15.17%
  • IT-Software: 13.64%
  • Debt: 9.56%

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