August 14, 2023
mayank
Tata Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 17.8952
NAV IDCW: Rs 17.8952
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 and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.
Fund Manager:
1) Rahul Singh
Education: Mr. Singh is B.Tech & PGDBM
Experience: Prior to Tata AMC, he has worked with Ampersand Capital Investment Advisors LLP, Standard Chartered Securities and Citigroup Global Markets India.
2) Akhil Mittal
Education: Mr. Mittal is B.Com (H) and MBA from University Business School.
Experience: Prior to joining Tata AMC, he has worked with Canara Robeco AMC, Principal Asset Management Company, Edelweiss Securities Ltd. and Rallis India Ltd.
3) Sailesh Jain
Education: Mr. Jain is a Commerce Graduate and an MBA.
Experience: Prior to joining TATA Mutual Fund, he has worked with Invesco Mutual Fund, IDFC Securities Ltd. as Head Derivatives, Quant Broking Pvt Ltd. as Vice President and IIFL(India Infoline) as Vice President.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 150 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| 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 of Tata Balanced Advantage Fund
| Fund House | Tata Mutual Fund |
| Launch Date | 28-Jan-19 |
| Return Since Launch | 13.69% |
| Benchmark | CRISIL Hybrid 50+50 Moderate Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 7,412 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.36% |
| (As on 30-Jun-2023) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
| Turnover | 36.66% |
Tata Balanced Advantage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata Balanced Advtg Dir | 9.19 | -0.27 | 1.41 | 5.86 | 9.06 | 12.52 | 15.68 | — | — | — |
| VR Balanced TRI | 7.72 | -0.49 | 0.20 | 6.17 | 8.92 | 10.66 | 18.56 | — | — | — |
| Hybrid: Dynamic Asset Allocation | 9.13 | -0.23 | 1.27 | 6.58 | 9.32 | 11.72 | 14.41 | — | — | — |
| Rank within category | 13 | 18 | 11 | 15 | 15 | 10 | 6 | — | — | — |
| Number of funds in category | 30 | 32 | 32 | 32 | 30 | 29 | 23 | 18 | 12 | 6 |
Tata 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 (%) | |
| Tata Balanced Advtg Dir | 4 star | 12.52 | 15.68 | — | 0.36 | 7,412 | 13.69 | 1.00 (90) | 4Y 6M | 36.66 |
| HDFC Balanced Advtg Dir | 4 star | 21.16 | 27.06 | 14.89 | 0.85 | 60,641 | 14.97 | 1.00 (365) | 10Y 7M | 13.39 |
| ICICI Pru Balanced Advtg Dir | 5 star | 11.13 | 15.32 | 11.38 | 0.91 | 48,721 | 12.79 | 1.00 (365) | 10Y 7M | 18.00 |
| Kotak Balanced Advtg Dir | 4 star | 10.97 | 13.34 | 11.32 | 0.49 | 15,046 | 11.32 | 1.00 (365) | 5Y | 289.13 |
| Edelweiss Balanced Advtg Dir | 4 star | 11.54 | 16.21 | 12.38 | 0.49 | 9,458 | 12.52 | 1.00 (90) | 10Y 7M | 76.00 |
Portfolio Analysis of Tata Balanced Advantage Fund
| No. of Stocks | 64 |
| Top 10 Holdings | 28.42% |
| Top 5 Stocks | 18.11% |
| Top 3 Sectors | 23.78% |
| Portfolio P/B Ratio | 3.28 |
| Portfolio P/E Ratio | 22.91 |
| Avg Credit Rating | AAA |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,44,864 | 2,03,099 |
| Giant (%) | 62.82 | 59.63 |
| Large (%) | 28.39 | 19.43 |
| Mid (%) | 8.39 | 16.49 |
| Small (%) | 0.40 | 5.27 |
| Tiny (%) | — | 0.03 |
| Fund | Category | |
| Number of Securities | 167 | 104 |
| Macaulay Duration (yrs) | 1.69 | 2.2 |
| Average Maturity (yrs) | 1.92 | 3.3 |
| Yield to Maturity (%) | 7.44 | 7.22 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Tata 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.
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