December 6, 2023
mayank
Axis Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 18.1700
NAV IDCW: Rs 13.3800
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 achieve the dual objective of capital appreciation by investing in a portfolio of equity or equity linked securities and generating income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation.
Fund Manager:
1) Ashish Naik
Education: Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur.
Experience: Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.
2) Hardik Shah
Education: Mr. Shah has done B.E. Information Technology and MBA Finance.
Experience: Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
3) Jayesh Sundar
Education: Mr. Sundar is a Chartered Accountant
4) R Sivakumar
Education: Mr. Sivakumar is a B.Tech from IIT Madras and MBA from IIM Ahmedabad.
Experience: Prior to joining Axis AMC he has worked with BNP Paribas Mutual Fund, Sundaram Mutual Fund (2001-2004), HDFC Mutual Fund and ITC Threadneedle.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption Within 365 days |
Basic Details of Axis Balanced Advantage Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 01-Aug-17 |
| Return Since Launch | 9.86% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,907 Cr |
| (As on 31-Oct-2023) | |
| Expense | 0.79% |
| (As on 31-Oct-2023) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
| Turnover | — |
Axis Balanced Advantage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Balanced Advtg Dir | 17.07 | 0.33 | 5.76 | 5.70 | 11.40 | 14.49 | 12.35 | 10.84 | — | — |
| VR Balanced TRI | 15.16 | 0.73 | 7.55 | 6.08 | 11.50 | 11.94 | 15.79 | 14.08 | — | — |
| Hybrid: Dynamic Asset Allocation | 16.89 | 0.36 | 5.53 | 5.35 | 12.40 | 15.02 | 13.69 | 12.39 | — | — |
| Rank within category | 13 | 16 | 10 | 10 | 17 | 14 | 15 | 15 | — | — |
| Number of funds in category | 30 | 33 | 33 | 33 | 32 | 30 | 23 | 19 | 13 | 6 |
Peer Comparison of Axis 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 (%) | |
| Axis Balanced Advtg Dir | 2 star | 14.49 | 12.35 | 10.84 | 0.79 | 1,907 | 9.86 | 1.00 (365) | 6Y 4M | 434.00 |
| HDFC Balanced Advtg Dir | 5 star | 25.89 | 26.19 | 18.33 | 0.83 | 63,981 | 15.77 | 1.00 (365) | 10Y 11M | 12.98 |
| ICICI Pru Balanced Advtg Dir | 4 star | 14.24 | 13.82 | 12.96 | 0.90 | 49,871 | 13.08 | 1.00 (365) | 10Y 11M | 22.00 |
| Kotak Balanced Advtg Dir | 4 star | 13.74 | 12.29 | 12.68 | 0.51 | 14,740 | 11.77 | 1.00 (365) | 5Y 4M | 304.56 |
| Edelweiss Balanced Advtg Dir | 4 star | 14.14 | 14.57 | 14.82 | 0.48 | 9,338 | 12.80 | 1.00 (90) | 10Y 11M | 69.00 |
Portfolio Analysis of Axis Balanced Advantage Fund
| No. of Stocks | 52 |
| Top 10 Holdings | 38.92% |
| Top 5 Stocks | 24.94% |
| Top 3 Sectors | 36.98% |
| Portfolio P/B Ratio | 4.15 |
| Portfolio P/E Ratio | 27.72 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,06,093 | 1,79,539 |
| Giant (%) | 65.51 | 58.46 |
| Large (%) | 16.76 | 19.00 |
| Mid (%) | 15.22 | 17.56 |
| Small (%) | 2.52 | 5.87 |
| Tiny (%) | — | 0.03 |
| Fund | Category | |
| Number of Securities | 94 | 112 |
| Macaulay Duration (yrs) | 3.81 | 2.96 |
| Average Maturity (yrs) | 6.38 | 4.03 |
| Yield to Maturity (%) | 7.76 | 7.82 |
| Avg Credit Rating | AAA | — |
How to Invest in Axis Balanced Advantage Fund?
Chanakya’s Mutual Fund Guidance For Axis 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://www.axismf.com/mutual-funds
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Quicklinks
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