October 17, 2022
mayank
SBI Balanced Advantage Fund
NAV Growth: Rs 10.5543
NAV IDCW: Rs 10.5549
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 long term capital appreciation / income from a dynamic mix of equity and debt investments.
Fund Manager:
1) Dinesh Balachandran
Education: Mr.Dinesh is a B.Tech from IIT-B, M.S. from MIT USA and CFA.
Experience: Prior to joining SBI Funds Management Pvt. Ltd. he has worked with Fidelity Investments, USA.
2) Dinesh Ahuja
Education: Mr. Ahuja is a B.Com (H) and MMS (Finance).
Experience: Prior to joining SBI AMC he has worked with L&T Investment management Ltd., Reliance Asset Management Ltd and Reliance General insurance Company Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| 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 | SBI Mutual Fund |
| Launch Date | 31-Aug-21 |
| Return Since Launch | 4.93% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 23,673 Cr |
| (As on 30-Sep-2022) | |
| Expense Ratio | 0.70% |
| (As on 30-Sep-2022) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
SBI Balanced Advantage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Balanced Advtg Dir | 2.81 | 0.32 | -2.26 | 4.1 | 0.89 | 2.53 | — | — | — | — |
| VR Balanced TRI* | -0.51 | -0.56 | -5.2 | 6.22 | -1.25 | -4.14 | — | — | — | — |
| Hybrid: Dynamic Asset Allocation* | 2.15 | 0.32 | -2.6 | 5.37 | 1.38 | 0.8 | — | — | — | — |
| Rank within category* | 11 | 15 | 9 | 25 | 20 | 9 | — | — | — | — |
| Number of funds in category* | 28 | 31 | 31 | 29 | 29 | 26 | 22 | 14 | 11 | 0 |
SBI Balanced Advantage Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turn over (%) |
| SBI Balanced Advtg Dir | Unrated | 2.53 | — | — | 0.70 | 23,673 | 4.93 | 1.00 (365) | 1yrs 1mo | — |
| ICICI Pru Balanced Advtg Dir | 4 star | 4.95 | 13.20 | 10.60 | 0.92 | 42,989 | 12.81 | 1.00 (365) | 9yrs 9mo | 22.00 |
| ICICI Pru Asset Allocator (FOF) Dir | 4 star | 4.39 | 14.26 | 11.69 | 0.07 | 17,432 | 11.88 | 1.00 (365) | 9yrs 9mo | 6.00 |
| Edelweiss Balanced Advtg Dir | 5 star | -1.25 | 16.38 | 11.80 | 0.47 | 8,683 | 12.31 | 1.00 (365) | 9yrs 9mo | 97.00 |
| Tata Balanced Advtg Dir | 4 star | 3.01 | 14.43 | — | 0.29 | 5,798 | 13.3 | 1.00 (90) | 3yrs 8mo | 60.92 |
Portfolio Analysis
| No. of Stocks | 91 |
| Top 10 Holdings | 35.60% |
| Top 5 Stocks | 23.01% |
| Top 3 Sectors | 24.60% |
| Portfolio P/B Ratio | 2.86 |
| Portfolio P/E Ratio | 17.94 |
| Avg Credit Rating | GOI/Cash |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,70,745 | 1,80,146 |
| Giant (%) | 55.50 | 56.76 |
| Large (%) | 28.85 | 22.66 |
| Mid (%) | 14.00 | 16.23 |
| Small (%) | 1.66 | 4.81 |
| Tiny (%) | — | 0.03 |
| Fund | Category | |
| Number of Securities | 157 | 102 |
| Modified Duration (yrs) | 5.06 | 1.69 |
| Average Maturity (yrs) | 7.44 | 2.74 |
| Yield to Maturity (%) | 7.11 | 6.44 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For SBI 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.sbimf.com/en-us/quick-invest?action=panverification&SubBrokerCode=&EUIN=E455804&arn_code=ARN-245610&subbrokerARN=&utm_source=EasyLink
Stock Research Reports:
https://www.analysislibrary.com/
NFO Guidance:
https://sahifund.com/category/nfos/
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