- Mutual Funds
- Shriram Balanced Advantage Fund - Direct (IDCW)
Shriram Balanced Advantage Fund - Direct (IDCW)
Dynamic Asset Allocation or Balanced Advantage
- NAV 16.55 (0.18%)
- Fund Size (Cr) ₹40.51
- Expense Ratio 0.6
- Scheme Type Active Fund
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Value Research
- Minimum investment ₹5000
- Minimum Additional Investment ₹1000
- Minimum SIP Investment ₹1000
- Minimum Withdrawal ₹1000
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Exit Load
1%
- Return Since Launch 12.00%
Basic Details
Deepak Ramaraju
Nifty 50 Hybrid Composite Debt 50:50 Index
OPEN
Lumpsum Returns
SIP Returns
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%.
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0.02%
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Top 10 stock holding in portfolio
Peer Comparison
- Scheme Name
- Value Research
- Asset Size (Cr)
- 1M
- 3M
- 6M
- 1Y
- 3Y
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Shriram Balanced Advantage Fund - Direct (IDCW)
- 40.51
- 6.44%
- 6.99%
- 12.47%
- 13.68%
- 11.55%
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HDFC Balanced Advantage Fund - Direct (IDCW)
- 63980.65
- 7.90%
- 9.16%
- 20.82%
- 26.81%
- 24.76%
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HDFC Balanced Advantage Fund - Direct (G)
- 63980.65
- 7.90%
- 9.15%
- 20.82%
- 26.80%
- 25.77%
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Motilal Oswal Balance Advantage Fund-Dir (G)
- 786.42
- 2.82%
- 1.89%
- 21.79%
- 24.90%
- 11.87%
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Motilal Oswal Balance Advantage Fund-Dir (IDCW-Q)
- 786.42
- 2.82%
- 1.89%
- 21.79%
- 24.90%
- 11.80%
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Motilal Oswal Balance Advantage Fund-Dir (IDCW-A)
- 786.42
- 2.82%
- 1.89%
- 21.79%
- 24.90%
- 11.87%
News
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Shriram MF Announces change in scheme name
Shriram Mutual Fund has announced change in scheme name under the following scheme, with effect from 15 December 2023:
Change in the name of the Scheme:
Existing Name Revised Name Shriram Long Term Equity Fund Shriram ELSS Tax Saver Fund Powered by Capital Market - Live News
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Shriram Mutual Fund Announces change in Exit Load Structure
Shriram Mutual Fund has announced that the exit load of the following Schemes will be revised as under with effect from September 06, 2023 (?Effective Date?):
Change in Exit Load:
Name of the Scheme Existing Exit Load Revised Exit Load Shriram Aggressive Hybrid Fund If redeemed / switched-out within 365 days from the date of allotment: For 12% of units: Nil More than 12% of units: 1% of applicable Net Asset Value (NAV). If redeemed/switched out after 365 days from the date of allotment: Nil If redeemed / switched-out within 90 days from the date of allotment: Upto 12% of units: Nil More than 12% of units: 1% of applicable Net Asset Value (NAV). If redeemed/switched-out after 90 days from the date of allotment: Nil Shriram Flexi Cap Fund For exit within 365 days from the date of allotment - 1% of applicable Net Asset value (NAV) & For exit after 365 days from the date of allotment - Nil If redeemed / switched-out within 90 days from the date of allotment: Upto 12% of units: Nil More than 12% of units: 1% of applicable Net Asset Value (NAV). If redeemed/switched-out after 90 days from the date of allotment: Nil Shriram Balanced Advantage Fund If redeemed / switched-out within 365 days from the date of allotment: Upto 12% of units held by the investor: Nil, More than 12% of units held by the investor: 1% of applicable Net Asset Value (NAV) If redeemed/switched out after 365 days from the date of allotment: Nil If redeemed / switched-out within 90 days from the date of allotment: Upto 12% of units: Nil More than 12% of units: 1% of applicable Net Asset Value (NAV). If redeemed/switched-out after 90 days from the date of allotment: Nil Shriram Multi Asset Allocation Fund 1% of the applicable NAV, if redeemed/ switched-out within 1 year from the date of allotment. If redeemed / switched-out within 90 days from the date of allotment: Upto 12% of units: Nil More than 12% of units: 1% of applicable Net Asset Value (NAV). If redeemed/switched-out after 90 days from the date of allotment: Nil Powered by Capital Market - Live News
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Shriram Multi Asset Allocation Fund Floats On
Shriram Mutual Fund has launched a new fund named as Shriram Multi Asset Allocation Fund .
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.
Category of Scheme: Hybrid Scheme - Multi Asset Allocation
The scheme has two plans: regular plan and direct plan.
The Scheme has the following Options: Both the Plans offer Growth option
The minimum application amount is Rs 5000 and in multiples of Re. 1/- thereafter.
The additional application amount is Rs 5000 and in multiples of Re. 1/- thereafter.
Load structure: 1% of the applicable NAV, if redeemed/switched-out within 1 year from the date of allotment
The fund manager of the scheme is Mr. Deepak Ramaraju and Ms. Gargi Bhattacharyya Banerjee
Powered by Capital Market - Live News
Fund House Details & Investment Objective
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Date of Incorporation
14-Jun-2019
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Total AUM (Cr)
₹40.51
Shriram Balanced Advantage Fund - Direct (IDCW) is an Dynamic Asset Allocation or Balanced Advantage-oriented fund from the renowned AMC, Shriram Mutual Fund. Launched in Jun 2019, this fund is managed by Deepak Ramaraju. With assets under management (AUM) worth ₹40.51 (Cr), as of 08-Dec-2023, Shriram 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 12.00% since its launch.
The current NAV of Shriram Balanced Advantage Fund - Direct (IDCW) is ₹16.55, as on 08-Dec-2023. The fund’s benchmark index is Nifty 50 Hybrid Composite Debt 50:50 Index. You can invest in Shriram Balanced Advantage Fund - Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹1000 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
If redeemed / switched-out within 90 days from the date of allotment:- Upto 12% of units : Nil More than 12% of units: 1% of applicable Net Asst Value (NAV) If redeemed / switched out after 90 days from the date of allotment: Nil
The fund has generated 11.55% 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 69.33% in Equity, 21.55% in Debt and 9.12% in cash and cash equivalents
The top 5 sectors the fund invests in are: 24.57% in Debt, 9.68% in Pharmaceuticals & Biotechnology, 7.79% in Banks, 6.5% in Finance and 5.86% in Industrial Products.
FAQs on Shriram Balanced Advantage Fund - Direct (IDCW)
Shriram 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 12.00% since inception. Looking to invest in Shriram Balanced Advantage Fund - Direct (IDCW)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Shriram 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, Shriram 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 Shriram 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, Shriram Balanced Advantage Fund - Direct (IDCW) has generated annualised return of 13.68%. In the long-term, the fund has generated 11.55% and - in 3 and 5 years respectively. Since its inception, the fund has generated 12.00% returns.
The expense ratio of Shriram Balanced Advantage Fund - Direct (IDCW) Direct Growth is 0.6%. 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 Shriram Balanced Advantage Fund - Direct (IDCW) is ₹40.51 (Cr) as of 08 December 2023. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of Shriram 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 Shriram 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 Shriram 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 Shriram Balanced Advantage Fund - Direct (IDCW). Minimum lumpsum investment Shriram Balanced Advantage Fund - Direct (IDCW) is ₹5000 and minimum SIP amount is ₹1000. 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 Shriram Balanced Advantage Fund - Direct (IDCW) is ₹16.55 as on 08 December 2023.
The 5 biggest stock holdings of Shriram Balanced Advantage Fund - Direct (IDCW) are:
HDFC Bank (5.14%), Reliance Industr (3.95%), Nestle India (3.82%), Larsen & Toubro (3.47%), ICICI Bank (3.16%)
A majority of Shriram Balanced Advantage Fund - Direct (IDCW) 's AUM worth ₹40.51 (Cr) is invested in these 3 top sectors:
- Debt: 24.57%
- Pharmaceuticals & Biotechnology: 9.68%
- Banks: 7.79%
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