January 31, 2024
mayank
Bajaj Finserv Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 10.1290
NAV IDCW: Rs 10.1290
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. Click here to read a primer on SIP investing.
Fund’s Investment Strategy:
The scheme is to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.
Fund Manager:
1) Nimesh Chandan
Education: Mr. Chandan is an MBA in Finance.
Experience: He has good years of experience in capital markets. Prior to joining Bajaj Finserv Mutual Fund, he had been with Canara Robeco MF, ICICI Prudential MF, SBI MF and Aditya Birla Sun Life AMC as fund manager and has also worked with Stratcap Securities and Darashaw and Company.
2) Sorbh Gupta
Education: Mr. Gupta is a B.Com, CA and CFA.
Experience: Prior to joining Bajaj Finserv Mutual Fund, he was associated with Quantum Mutual Fund, Siddhesh Capital Markets Pvt. Ltd. & Pranav Securities Pvt. Ltd. He has over 11 years of overall experience in the equity research.
3) Siddharth Chaudhary
Education: Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).
Experience: Prior to joining Bajaj Finserv Mutual Fund, he has worked with Sundaram Mutual Fund and Indian Bank.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 8% of the investment, 1% will be charged for redemption Within 6 months |
Basic Details of Bajaj Finserv Balanced Advantage Fund
| Fund House | Bajaj Finserv Mutual Fund |
| Launch Date | 15-Dec-23 |
| Return Since Launch | 1.29% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 789 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.74% |
| (As on 31-Dec-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Bajaj Finserv Balanced Advantage Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bajaj FinServ Balanced Advantage Dir | 0.01 | -0.64 | 0.01 | — | — | — | — | — | — | — |
| VR Balanced TRI | -0.72 | -0.87 | -0.72 | — | — | — | — | — | — | — |
| Hybrid: Dynamic Asset Allocation | 1.10 | -0.38 | 1.10 | — | — | — | — | — | — | — |
| Rank within category | 29 | 31 | 29 | — | — | — | — | — | — | — |
| Number of funds in category | 34 | 35 | 34 | 33 | 32 | 30 | 23 | 20 | 13 | 6 |
Peer Comparison of Bajaj Finserv 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 (%) | |
| Bajaj FinServ Balanced Advantage Dir | Unrated | — | — | — | 0.74 | 789 | 1.29 | 1.00 (180) | 1M | — |
| HDFC Balanced Advantage Dir | 5 star | 38.43 | 27.55 | 19.72 | 0.80 | 73,349 | 16.25 | 1.00 (365) | 11Y | 13.80 |
| ICICI Pru Balanced Advantage Dir | 4 star | 18.91 | 14.29 | 13.56 | 0.87 | 53,483 | 13.17 | 1.00 (365) | 11Y | 28.00 |
| Kotak Balanced Advtg Dir | 4 star | 17.55 | 12.15 | 13.09 | 0.51 | 15,615 | 11.86 | 1.00 (365) | 5Y 5M | 299.77 |
| Edelweiss Balanced Advantage Dir | 4 star | 22.83 | 14.86 | 15.86 | 0.48 | 10,203 | 12.99 | 1.00 (90) | 11Y | 71.00 |
Portfolio Analysis of Bajaj Finserv Balanced Advantage Fund
| No. of Stocks | 33 |
| Top 10 Holdings | 38.65% |
| Top 5 Stocks | 22.64% |
| Top 3 Sectors | 39.53% |
| Portfolio P/B Ratio | 4.44 |
| Portfolio P/E Ratio | 30.17 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,65,081 | 2,11,053 |
| Giant (%) | 77.93 | 59.14 |
| Large (%) | 22.07 | 19.24 |
| Mid (%) | — | 17.76 |
| Small (%) | — | 4.79 |
| Tiny (%) | — | 0.02 |
| Fund | Category | |
| Number of Securities | 37 | 114 |
| Macaulay Duration (yrs) | — | — |
| Average Maturity (yrs) | — | — |
| Yield to Maturity (%) | — | — |
| Avg Credit Rating | — |
How to Invest in Bajaj Finserv Balanced Advantage Fund?
Chanakya’s Mutual Fund Guidance For Bajaj Finserv 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://invest.bajajamc.com/mutual-fund/pan-entry or https://www.bajajamc.com/#bfl-explore-mutualfund
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