June 14, 2024
mayank
Shriram Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 19.1917
NAV IDCW: Rs 19.0873
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 with relatively lower volatility over a longer tenure of time. The Scheme will accordingly invest in equities, arbitrage opportunities, derivative strategies and debt and money market instruments.
Fund Manager:
1) Deepak Ramaraju
Education: Mr. Ramaraju has done B.E.(Chemical Engineering).
Experience: Prior to joining Shriram Mutual Fund, he has worked with Sanlam Group of South Africa as a part of their global equity research team and GE India Technology Center as a researcher and co-inventor.
2) Gargi Bhattacharyya Banerjee
Education: Ms. Banerjee is Master of Business Management in Finance and Bachelor of Science with Economics (Hon) from University of Calcutta.
Experience: Prior to joining Shriram Asset Management Co. Ltd she has worked with Zacks Research Pvt Ltd as Research Head and Shriram Insight Share Brokers Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 12% of the investment, 1% will be charged for redemption within 90 days |
Basic Details
| Fund House | Shriram Mutual Fund |
| Launch Date | 05-Jul-19 |
| Return Since Launch | 14.09% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 49 Cr |
| (As on 31-May-2024) | |
| Expense | 0.60% |
| (As on 30-Apr-2024) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 277.80% |
Trailing Returns (%) of Shriram Balanced Advantage Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Shriram Balanced Advantage Dir | 11.07 | 0.28 | 4.04 | 5.73 | 14.25 | 29.74 | 14.05 | — | — | — |
| VR Balanced TRI | 7.90 | 0.30 | 5.59 | 6.30 | 11.66 | 24.14 | 14.10 | — | — | — |
| Hybrid: Dynamic Asset Allocation | 9.98 | 0.34 | 4.45 | 7.53 | 12.56 | 26.36 | 13.82 | — | — | — |
| Rank within category | 7 | 24 | 25 | 29 | 5 | 7 | 10 | — | — | — |
| Number of funds in category | 34 | 37 | 37 | 36 | 33 | 32 | 24 | 20 | 13 | 8 |
Peer Comparison of Shriram 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 (%) | |
| Shriram Balanced Advantage Dir | 3 star | 29.74 | 14.05 | — | 0.60 | 49 | 14.09 | 1.00 (90) | 4Y 11M | 277.80 |
| HDFC Balanced Advantage Dir | 5 star | 41.61 | 23.70 | 19.63 | 0.73 | 86,471 | 16.70 | 1.00 (365) | 11Y 5M | 15.89 |
| ICICI Pru Balanced Advantage Dir | 4 star | 22.43 | 13.78 | 13.78 | 0.86 | 56,750 | 13.50 | 1.00 (365) | 11Y 5M | 32.00 |
| Edelweiss Balanced Advantage Dir | 4 star | 26.45 | 14.50 | 16.52 | 0.52 | 11,282 | 13.53 | 1.00 (90) | 11Y 5M | 81.00 |
| Tata Balanced Advantage Dir | 4 star | 23.01 | 14.24 | 14.92 | 0.36 | 9,276 | 15.07 | 1.00 (90) | 5Y 4M | 39.58 |
Portfolio Analysis of Shriram Balanced Advantage Fund
| No. of Stocks | 44 |
| Top 10 Holdings | 38.69% |
| Top 5 Stocks | 22.71% |
| Top 3 Sectors | 36.72% |
| Portfolio P/B Ratio | 3.45 |
| Portfolio P/E Ratio | 23.57 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,75,206 | 2,23,053 |
| Giant (%) | 68.38 | 58.46 |
| Large (%) | 19.38 | 20.72 |
| Mid (%) | 12.23 | 16.14 |
| Small (%) | — | 5.07 |
| Tiny (%) | — | 0.13 |
| Fund | Category | |
| Number of Securities | 51 | 116 |
| Macaulay Duration (yrs) | 2.93 | 3.33 |
| Average Maturity (yrs) | 3.59 | 5.15 |
| Yield to Maturity (%) | 7.38 | 7.39 |
| Avg Credit Rating | AAA | — |
How to Invest in Shriram Balanced Advantage Fund?
Chanakya’s Mutual Fund Guidance For Shriram 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://www.shriramamc.in/mutual-funds
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