October 3, 2023
mayank
LIC MF Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 11.6251
NAV IDCW: Rs 11.2859
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 provide capital appreciation/ income to the investors from a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments.
Fund Manager:
1) Yogesh Patil
Education: Mr. Patil is an MBA (Finance).
Experience: Prior to joining LIC Mutual Fund, he has worked with Canara Robeco Mutual Fund, Sahara Mutual Fund and Religare Enterprise Limited.
2) Jaiprakash Toshniwal
Education: Mr. Toshniwal is a CFA – CFA Institute, USA. MS Finance (CFA) – ICFAI, India. B.com – Gujarat University.
Experience: Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with India First Life Insurance and Taurus Mutual Fund.
3) Rahul Singh
Education: Mr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.
Experience: Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 – April 2006).
Investment Details
| Min. Investment (Rs) 5,000 | |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 12% of the investment, 1% will be charged for redemption Within 3 months |
Basic Details of LIC MF Balanced Advantage Fund
| Fund House | LIC Mutual Fund |
| Launch Date | 12-Nov-21 |
| Return Since Launch | 8.34% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,004 Cr |
| (As on 31-Aug-2023) | |
| Expense | 0.37% |
| (As on 31-Aug-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 39.00% |
LIC MF Balanced Advantage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF Balanced Advtg Dir | 8.89 | -0.07 | 0.65 | 2.91 | 11.25 | 14.10 | — | — | — | — |
| VR Balanced TRI | 8.91 | 0.53 | 1.80 | 2.50 | 12.66 | 14.93 | — | — | — | — |
| Hybrid: Dynamic Asset Allocation | 11.54 | 0.00 | 1.63 | 4.49 | 12.86 | 14.69 | — | — | — | — |
| Rank within category | 26 | 20 | 27 | 30 | 28 | 20 | — | — | — | — |
| Number of funds in category | 30 | 33 | 33 | 32 | 31 | 30 | 23 | 18 | 13 | 6 |
LIC MF Balanced Advantage Fund Peer Comparison
| 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 (%) | |
| LIC MF Balanced Advtg Dir | Unrated | 14.10 | — | — | 0.37 | 1,004 | 8.34 | 1.00 (90) | 1Y 10M | 39.00 |
| HDFC Balanced Advtg Dir | 4 star | 28.49 | 30.84 | 16.74 | 0.84 | 61,599 | 15.28 | 1.00 (365) | 10Y 9M | 16.04 |
| ICICI Pru Balanced Advtg Dir | 5 star | 13.81 | 15.92 | 12.25 | 0.90 | 49,102 | 12.84 | 1.00 (365) | 10Y 9M | 23.00 |
| Kotak Balanced Advtg Dir | 4 star | 14.40 | 13.23 | 11.94 | 0.50 | 15,050 | 11.34 | 1.00 (365) | 5Y 2M | 301.35 |
| Edelweiss Balanced Advtg Dir | 4 star | 15.00 | 16.59 | 13.63 | 0.49 | 9,395 | 12.49 | 1.00 (90) | 10Y 9M | 72.00 |
Portfolio Analysis of LIC MF Balanced Advantage Fund
| No. of Stocks | 47 |
| Top 10 Holdings | 52.69% |
| Top 5 Stocks | 36.48% |
| Top 3 Sectors | 37.10% |
| Portfolio P/B Ratio | 3.20 |
| Portfolio P/E Ratio | 20.77 |
| Avg Credit Rating | GOI/Cash |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,71,047 | 1,90,375 |
| Giant (%) | 79.03 | 58.98 |
| Large (%) | 19.46 | 19.62 |
| Mid (%) | 1.18 | 17.28 |
| Small (%) | 0.33 | 4.85 |
| Tiny (%) | — | 0.01 |
| Fund | Category | |
| Number of Securities | 78 | 109 |
| Macaulay Duration (yrs) | 4.45 | 2.32 |
| Average Maturity (yrs) | 5.76 | 3.22 |
| Yield to Maturity (%) | 7.33 | 7.32 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For LIC MF Balanced Advantage Fund
Do not invest in this, or any other balanced hybrid fund, if you need to redeem your investment in less than five years.
Apply Online: https://www.licmf.com/fund-overview/All
>> Post your MF questions @ sahifund.com/ask-me/
>> Stock Research Reports:
https://www.analysislibrary.com/
>> 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
>> For Higher studies, Interview skills, Competitive Exam books
http://www.gyanpothi.com/search-institutes/
>> Get Good Staff or Job, Click: Staffavailable.com
>> To apply for Government & PSU jobs, click
https://www.staffavailable.com/government-psu-jobs/
>> Go to IPOs Analysis Section, Click
>> Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
>> Interested in Crossword Puzzles? Click: magajmari.com