December 28, 2023
mayank
Aditya Birla (ABSL) Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 98.1100
NAV IDCW: Rs 27.5400
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.
These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy:
The Scheme seeks to generate long term growth of capital and income distribution with relatively lower volatility by investing in a dynamically balanced portfolio of Equity & Equity linked investments and fixed-income securities.
Fund Manager:
1) Lovelish Solanki
Education: He has done BMS and MMS in finance.
Experience: Prior to joining Aditya Birla Sun Life AMC Limited, he was Equity /Equity Derivatives – Trader at Union KBC Asset Management Co Limited since February 2011. Before that he worked at Edleweiss Asset Management Co. Ltd since January 2008.
2) Mohit Sharma
Education: Mr. Sharma is B Tech (IIT – Madras) and PGDCM (IIM Calcutta).
Experience: Prior to joining Aditya Birla Sun Life AMC, he ran his own healthcare-tech business (June 2012 – May 2015). he has also worked as an Interest Rates Trader in Standard Chartered Bank (May 2007 – June 2011) and ICICI Bank Ltd (June 2006 – April 2007). He started his career in the Equity Research in Irevna Ltd (June 2005 – June 2006).
3) Vishal Gajwani
Education: Mr. Gajwani is CA and CFA (US)
Experience: Prior to joining Aditya Birla Sun Life Mutual Fund, he has worked with Nippon India Mutual Fund.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption Within 7 days |
Basic Details of Aditya Birla (ABSL) Balanced Advantage Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 12.27% |
| Benchmark | CRISIL Hybrid 50+50 Moderate Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 6,772 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.61% |
| (As on 30-Nov-2023) | |
| Risk Grade | Average |
| Return Grade | Above Average |
| Turnover | 215.00% |
Aditya Birla Sun Life (ABSL) Balanced Advantage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Balanced Advtg Dir | 17.29 | 0.56 | 5.10 | 6.05 | 10.62 | 17.26 | 12.75 | 12.72 | 11.77 | 12.92 |
| VR Balanced TRI | 19.19 | 0.89 | 8.42 | 9.03 | 14.12 | 19.05 | 15.88 | 14.82 | 14.93 | 13.31 |
| Hybrid: Dynamic Asset Allocation | 19.67 | 0.44 | 5.57 | 7.40 | 13.35 | 19.76 | 13.90 | 12.74 | 11.74 | 12.37 |
| Rank within category | 22 | 7 | 23 | 26 | 27 | 22 | 14 | 11 | 7 | — |
| Number of funds in category | 30 | 34 | 33 | 33 | 32 | 30 | 23 | 19 | 13 | 6 |
Peer Comparison of Aditya Birla (ABSL) Balanced Advantage Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ABSL Balanced Advtg Dir | 3 star | 17.26 | 12.75 | 12.72 | 0.61 | 6,772 | 12.27 | 0.25 (7) | 10Y 11M | 215.00 |
| HDFC Balanced Advtg Dir | 5 star | 32.11 | 26.33 | 18.60 | 0.81 | 68,387 | 16.00 | 1.00 (365) | 10Y 11M | 14.42 |
| ICICI Pru Balanced Advtg Dir | 4 star | 17.15 | 14.10 | 13.14 | 0.90 | 51,732 | 13.20 | 1.00 (365) | 10Y 11M | 25.00 |
| Kotak Balanced Advtg Dir | 4 star | 16.95 | 12.33 | 12.96 | 0.51 | 15,225 | 12.01 | 1.00 (365) | 5Y 4M | 302.98 |
| Edelweiss Balanced Advtg Dir | 4 star | 19.68 | 14.61 | 15.34 | 0.48 | 9,724 | 12.99 | 1.00 (90) | 10Y 11M | 69 |
Portfolio Analysis of Aditya Birla (ABSL) Balanced Advantage Fund
| No. of Stocks | 99 |
| Top 10 Holdings | 30.58% |
| Top 5 Stocks | 19.92% |
| Top 3 Sectors | 27.60% |
| Portfolio P/B Ratio | 3.44 |
| Portfolio P/E Ratio | 22.25 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,11,104 | 1,85,917 |
| Giant (%) | 65.88 | 58.64 |
| Large (%) | 15.80 | 18.59 |
| Mid (%) | 16.17 | 18.00 |
| Small (%) | 2.14 | 5.24 |
| Tiny (%) | — | 0.04 |
| Fund | Category | |
| Number of Securities | 175 | 110 |
| Macaulay Duration (yrs) | 2.63 | 2.56 |
| Average Maturity (yrs) | 3.29 | 3.46 |
| Yield to Maturity (%) | 7.97 | 7.52 |
| Avg Credit Rating | AAA | — |
How to Invest in Aditya Birla (ABSL) Balanced Advantage Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Balanced Advantage Fund
Do not invest in this, or any other dynamic asset allocation fund, if you need to redeem your investment in less than five years.
Apply Online: https://mutualfund.adityabirlacapital.com/help-centre/invest-now
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks