February 13, 2024
mayank
Bandhan Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 23.6840
NAV IDCW: Rs 15.7660
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 capital appreciation with relatively lower volatility through systematic allocation of funds into equity and equity related instruments; and for defensive purposes in equity derivatives.
Fund Manager:
1) 1) Manish Gunwani
Education: Mr. Gunwani is a B.Tech. and PGDM.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund), he has worked with Nippon India Mutual Fund, ICICI Prudential Mutual Fund as Fund Manager and as Analyst in various organisations: Vicisoft Technologies, Lehman Brothers, Brics Securities , Lucky Securities, SSKI Securities and Prime Securities.
2) Sumit Agrawal
Education: Mr.Agrawal is a B.Com, ACS, CFA (USA)and PGDM (Finance).
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund), he was associated with Mirae Asset Mutual Fund (Nov 2010-Sep 2016) as Fund Manager-Equities, Axis Capital (erstwhile ENAM Securities) (Feb 2008-Nov 2010) as VP-Research Analyst and JP Morgan India Services Pvt. Ltd. (Jun 2006-Feb 2008) as TL-Investment Banking.
3) Vishal Biraia
4) Brijesh Shah
Education: Mr. Shah is a Post Graduate Diploma in Finance.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| 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
| Fund House | Bandhan Mutual Fund |
| Launch Date | 10-Oct-14 |
| Return Since Launch | 9.66% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 2,250 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.67% |
| (As on 31-Dec-2023) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
| Turnover | 24.00% |
Trailing Returns (%) of Bandhan Balanced Advantage Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Balanced Advantage Dir | 0.84 | -0.74 | 0.16 | 5.98 | 9.08 | 16.96 | 9.86 | 11.89 | 10.79 | — |
| VR Balanced TRI | -0.19 | -0.68 | -0.88 | 10.44 | 10.79 | 20.55 | 12.78 | 14.72 | 13.74 | — |
| Hybrid: Dynamic Asset Allocation | 1.68 | -0.75 | 0.53 | 9.37 | 12.40 | 22.06 | 12.68 | 13.24 | 10.95 | — |
| Rank within category | 23 | 23 | 23 | 30 | 25 | 26 | 22 | 14 | 8 | — |
| Number of funds in category | 34 | 35 | 35 | 33 | 32 | 30 | 24 | 20 | 13 | 7 |
Peer Comparison of Bandhan 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 (%) | |
| Bandhan Balanced Advantage Dir | 2 star | 16.96 | 9.86 | 11.89 | 0.67 | 2,250 | 9.66 | 1.00 (365) | 9Y 4M | 24.00 |
| HDFC Balanced Advantage Dir | 5 star | 36.39 | 23.26 | 20.05 | 0.80 | 77,011 | 16.17 | 1.00 (365) | 11Y 1M | 13.80 |
| ICICI Pru Balanced Advantage Dir | 4 star | 19.05 | 12.76 | 13.73 | 0.87 | 54,142 | 13.22 | 1.00 (365) | 11Y 1M | 28.00 |
| Edelweiss Balanced Advantage Dir | 4 star | 22.45 | 12.87 | 16.02 | 0.52 | 10,349 | 13.08 | 1.00 (90) | 11Y 1M | 71.00 |
| Tata Balanced Advtg Dir | 4 star | 20.98 | 13.47 | 14.66 | 0.31 | 8,517 | 14.59 | 1.00 (90) | 5Y | 39.23 |
Portfolio Analysis of Bandhan Balanced Advantage Fund
| No. of Stocks | 74 |
| Top 10 Holdings | 41.99% |
| Top 5 Stocks | 26.82% |
| Top 3 Sectors | 17.68% |
| Portfolio P/B Ratio | 3.85 |
| Portfolio P/E Ratio | 23.45 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,45,634 | 2,07,485 |
| Giant (%) | 63.12 | 58.36 |
| Large (%) | 24.49 | 20.29 |
| Mid (%) | 9.94 | 17.31 |
| Small (%) | 2.45 | 4.71 |
| Tiny (%) | — | 0.03 |
| Fund | Category | |
| Number of Securities | 118 | 114 |
| Macaulay Duration (yrs) | 3.18 | 2.86 |
| Average Maturity (yrs) | 4.15 | 4.11 |
| Yield to Maturity (%) | 7.46 | 7.45 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Bandhan Balanced Advantage Fund?
Chanakya’s Mutual Fund Guidance For Bandhan 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://bandhanmutual.com/mutual-funds
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