Overview
Axis Balanced Advantage Fund Direct Growth
Axis Mutual Fund
The scheme seeks to generate capital appreciation by investing in a portfolio of equity or equity linked securities while the secondary objective is to generate income through investments in debt and money market instruments.
Investments in Axis Balanced Advantage Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 22.76
Fund Size (AUM)
₹2807.81 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 100
SIP: ₹100
Launch Date
01-Aug-2017
Expense Ratio
0.8%
Exit Load
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.
Benchmark
NIFTY 50 Hybrid Composite Debt 50:50 Index
Standard Deviation
8.3
History
Performance & Ratios
1-Year SIP Return
-0.09%
3-Year SIP Return
14.41%
5-Year SIP Return
13.69%
Mean Return
6.45%
Alpha
3.52
Beta
0.75
Sharpe Ratio
0.89
Sortino Ratio
1.61
Information Ratio
0.63
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 15.68% | 15.2% | 16.0% | 8.51% |
| Category Average | 7.8% | 11.08% | 14.77% | N/A |
| Rank Within Category | 1 | 2 | 12 | N/A |
Holdings (204)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 6.29% |
| Reliance Industries Ltd. | Energy | Equity | 5.83% |
| GOI | Sovereign | GOI Sec | 5.38% |
| ICICI Bank Ltd. | Financial | Equity | 4.83% |
| Infosys Ltd. | Technology | Equity | 3.76% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 2.8% |
| Bajaj Finance Ltd. | Financial | Equity | 2.64% |
| Bharti Airtel Ltd. | Communication | Equity | 2.53% |
| State Bank of India | Financial | Equity | 2.5% |
| GOI | Sovereign | GOI Sec | 2.04% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund Direct Growth | 94824.34 | 10.74 | 19.79 | 0.88 | N/A |
| Baroda BNP Paribas Balanced Advantage Fund Direct Growth | 4073.23 | 9.95 | 14.24 | 0.77 | N/A |
| SBI Balanced Advantage Fund Direct Growth | 34015.41 | 9.04 | 13.96 | 0.71 | N/A |
| ICICI Prudential Balanced Advantage Direct Growth | 60591.13 | 11.47 | 13.24 | 0.92 | N/A |
| Tata Balanced Advantage Fund Direct Growth | 10075.2 | 7.56 | 12.03 | 0.36 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 100
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 7, 10, 15, 25
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 5, 10, 15, 25
Min Amount: ₹ 1000
Min Installments: 6
AMC Details
Asset Management Company
Axis Mutual Fund
Axis Mutual Fund started their mutual fund on 04/09/2009 and its managing total assets of ₹69,145 Cr. Its ranked at 10 as per total assets at end of 30th Sep 2017. Axis Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Axis mutual fund was established in October 2009 and since then it has made a mark in the mutual fund industry. Axis mutual fund claims that the reason for it to reach the peak of success is because of the three principles they follow strictly, which is, long-term wealth creation, customer's view and long-term relationship.
Axis Mutual Fund houses more than 50 schemes, it has over 20 lac investors investing with them and is present in over 90 cities.Their main motto is to take any fund decision keeping a customer centric approach in mind. The AMC commits to keep investors at the heart of every decision.
They also believe in leveraging the equity of the brand 'Axis' and aim at building a relationship with stakeholders. Axis wants its investors to think long-term when it comes to mutual fund investing and they want their investors to optimize their money through mutual funds.
Launch Date
2009-09-04T00:00:00.150Z
Total AUM
₹ 305435.43 Cr
Address
23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013
Phone
022-24255161
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
Compare with Another Fund
Axis Balanced Advantage Fund Direct Growth
Axis Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Axis Balanced Advantage Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Axis Balanced Advantage Fund Direct Growth?
The top stocks held by Axis Balanced Advantage Fund Direct Growth include HDFC Bank Ltd., Reliance Industries Ltd., GOI.
Which industries does Axis Balanced Advantage Fund Direct Growth invest in?
Axis Balanced Advantage Fund Direct Growth primarily invests in the following industries: Financial, Energy, Sovereign.
Who are the fund managers of Axis Balanced Advantage Fund Direct Growth?
The fund managers of Axis Balanced Advantage Fund Direct Growth are Devang Shah and Hardik Shah and Jayesh Sundar.
How many years has the fund manager been managing Axis Balanced Advantage Fund Direct Growth?
Devang Shah:
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Hardik Shah:
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Jayesh Sundar:
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What is the minimum investment for Axis Balanced Advantage Fund Direct Growth?
The minimum investment for Axis Balanced Advantage Fund Direct Growth is ₹100 for lumpsum investments and ₹100 for SIPs.
What are the average 1-year returns for Axis Balanced Advantage Fund Direct Growth?
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What are the average 3-year returns for Axis Balanced Advantage Fund Direct Growth?
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What is the expense ratio of Axis Balanced Advantage Fund Direct Growth, and how does it compare to its category?
The expense ratio of Axis Balanced Advantage Fund Direct Growth is 0.8%. The average expense ratio for similar funds in the Hybrid is Calculating....