June 27, 2024
mayank
NJ Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 13.8600
NAV IDCW : Rs 13.8600
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 capital appreciation by dynamically allocating its assets between equity and specified debt securities.
Fund Manager:
1) Viral Shah
Education: Mr. Shah has done B.E. and MBA (Finance)
Experience: Mr. Shah has started his career with NJ Group and has been Principal Officer for PMS segment with NJ Asset Management for more than 10 years.
2) Dhaval Patel
Education: Mr. Patel has done IBS from Hyderabad
Experience: Prior to joining NJ Mutual Fund, he has worked with Axis Mutual Fund, Credit Analysis & Research Ltd.
3) Vishal Ashar
Education: Mr. Ashar has done MBA in Finance
Experience: Prior to joining NJ Mutual Fund, he has worked with Indiabulls Mutual Fund, Motilal Oswal Financial Services Ltd and Sharekhan
NJ Balanced Advantage Fund Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 5% of the investment, 1% will be charged for redemption within 30 days |
Basic Details of NJ Balanced Advantage Fund
| Fund House | NJ Mutual Fund |
| Launch Date | 29-Oct-21 |
| Return Since Launch | 13.05% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 3,861 Cr |
| (As on 31-May-2024) | |
| Expense | 0.60% |
| (As on 31-May-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 525.00% |
Trailing Returns (%) of NJ Balanced Advantage Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| NJ Balanced Advantage Dir | 10.09 | -0.36 | 2.14 | 5.08 | 10.61 | 30.51 | — | — | — | — |
| VR Balanced TRI | 9.97 | 0.56 | 3.90 | 8.30 | 11.30 | 26.65 | — | — | — | — |
| Hybrid: Dynamic Asset Allocation | 11.34 | 0.20 | 2.84 | 7.43 | 12.34 | 27.57 | — | — | — | — |
| Rank within category | 23 | 37 | 32 | 34 | 25 | 7 | — | — | — | — |
| Number of funds in category | 34 | 37 | 37 | 36 | 34 | 32 | 24 | 20 | 13 | 8 |
Peer Comparison of NJ 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 (%) | |
| NJ Balanced Advantage Dir | Unrated | 30.51 | — | — | 0.60 | 3,861 | 13.05 | 1.00 (30) | 2Y 7M | 525.00 |
| HDFC Balanced Advantage Dir | 5 star | 43.08 | 24.72 | 19.61 | 0.73 | 86,471 | 16.76 | 1.00 (365) | 11Y 5M | 16.38 |
| ICICI Pru Balanced Advantage Dir | 4 star | 23.08 | 13.95 | 13.96 | 0.86 | 56,750 | 13.52 | 1.00 (365) | 11Y 5M | 32.00 |
| Edelweiss Balanced Advantage Dir | 4 star | 27.47 | 14.73 | 16.89 | 0.52 | 11,282 | 13.58 | 1.00 (90) | 11Y 5M | 81.00 |
| Tata Balanced Advantage Dir | 4 star | 24.47 | 14.58 | 15.12 | 0.36 | 9,276 | 15.21 | 1.00 (90) | 5Y 4M | 36.55 |
Portfolio Analysis of NJ Balanced Advantage Fund
| No. of Stocks | 110 |
| Top 10 Holdings | 34.21% |
| Top 5 Stocks | 20.77% |
| Top 3 Sectors | 28.02% |
| Portfolio P/B Ratio | 3.81 |
| Portfolio P/E Ratio | 21.49 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,83,625 | 2,23,060 |
| Giant (%) | 50.39 | 58.47 |
| Large (%) | 26.41 | 20.72 |
| Mid (%) | 22.74 | 16.14 |
| Small (%) | 0.46 | 5.07 |
| Tiny (%) | — | 0.13 |
| Fund | Category | |
| Number of Securities | 195 | 116 |
| Macaulay Duration (yrs) | 0.07 | 3.26 |
| Average Maturity (yrs) | 0.07 | 4.89 |
| Yield to Maturity (%) | 6.77 | 7.41 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For NJ Balanced Advantage Fund
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