Overview
NJ Balanced Advantage Fund Direct Growth
NJ Mutual Fund
The scheme seeks to generate capital appreciation by dynamically allocating its assets between equity and specified debt securities.
Investments in NJ 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
₹ 13.64
Fund Size (AUM)
₹3691.87 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 500
SIP: ₹100
Launch Date
29-Oct-2021
Expense Ratio
0.62%
Exit Load
For units in excess of 5% of the investment,1% will be charged for redemption within 30 days
Benchmark
NIFTY 50 Hybrid Composite Debt 50:50 Index
Standard Deviation
9.4
History
Performance & Ratios
1-Year SIP Return
-7.5%
3-Year SIP Return
10.42%
5-Year SIP Return
N/A
Mean Return
N/A
Alpha
0.49
Beta
0.82
Sharpe Ratio
0.5
Sortino Ratio
0.78
Information Ratio
-0.1
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 3.71% | 11.26% | N/A | N/A |
| Category Average | 7.8% | 11.08% | 14.77% | N/A |
| Rank Within Category | 32 | 21 | N/A | N/A |
Holdings (206)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 8.6% |
| HCL Technologies Ltd. | Technology | Equity | 4.25% |
| Coal India Ltd. | Energy | Equity | 3.81% |
| HDFC Asset Management Company Ltd. | Financial | Equity | 3.72% |
| Bajaj Auto Ltd. | Automobile | Equity | 3.19% |
| Ajanta Pharma Ltd. | Healthcare | Equity | 2.96% |
| Alkem Laboratories Ltd. | Healthcare | Equity | 2.78% |
| Bosch Ltd. | Automobile | Equity | 2.75% |
| Torrent Pharmaceuticals Ltd. | Healthcare | Equity | 2.69% |
| Hero Motocorp Ltd. | Automobile | Equity | 2.64% |
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, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28
Min Amount: ₹ 500
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 5, 12, 20
Min Amount: ₹ 500
Min Installments: 6
AMC Details
Asset Management Company
NJ Mutual Fund
None NJ 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.
Launch Date
2021-04-20T00:00:00.613Z
Total AUM
₹ 6470.33 Cr
Address
Unit No. 101A, 1st Floor,Hallmark Business Plaza,Bandra (East), Mumbai 400051
Phone
None
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
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NJ Balanced Advantage Fund Direct Growth
NJ Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for NJ 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 NJ Balanced Advantage Fund Direct Growth?
The top stocks held by NJ Balanced Advantage Fund Direct Growth include Reliance Industries Ltd., HCL Technologies Ltd., Coal India Ltd..
Which industries does NJ Balanced Advantage Fund Direct Growth invest in?
NJ Balanced Advantage Fund Direct Growth primarily invests in the following industries: Energy, Technology, Financial.
Who are the fund managers of NJ Balanced Advantage Fund Direct Growth?
The fund managers of NJ Balanced Advantage Fund Direct Growth are Dhaval Patel and Viral Shah.
How many years has the fund manager been managing NJ Balanced Advantage Fund Direct Growth?
Dhaval Patel:
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Viral Shah:
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What is the minimum investment for NJ Balanced Advantage Fund Direct Growth?
The minimum investment for NJ Balanced Advantage Fund Direct Growth is ₹500 for lumpsum investments and ₹100 for SIPs.
What are the average 1-year returns for NJ Balanced Advantage Fund Direct Growth?
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What are the average 3-year returns for NJ Balanced Advantage Fund Direct Growth?
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What is the expense ratio of NJ Balanced Advantage Fund Direct Growth, and how does it compare to its category?
The expense ratio of NJ Balanced Advantage Fund Direct Growth is 0.62%. The average expense ratio for similar funds in the Hybrid is Calculating....