NJ Balanced Advantage Fund
NAV Growth: Rs 10.5200
NAV IDCW : Rs 10.5200
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 Axis Mutual Fund he has worked with Credit Analysis & Research Ltd.
3) Vishal Ashar
Investment Details
Min. Investment (Rs) | 500 |
Min. Addl Investment (Rs) | 500 |
Min. SIP Investment (Rs) | 500 |
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
Fund House | NJ Mutual Fund |
Launch Date | 29-Oct-21 |
Return Since Launch | 3.20% |
Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
Riskometer | Very High |
Type | Open-ended |
Assets | Rs 4,035 Cr |
(As on 31-May-2023) | |
Expense | 0.57% |
(As on 30-Apr-2023) | |
Risk Grade | — |
Return Grade | — |
Turnover | 63.00% |
NJ Balanced Advantage Fund Trailing Returns (%)
Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
NJ Balanced Advtg Dir | 4.06 | -0.19 | 2.04 | 4.78 | 2.83 | 11.91 | — | — | — | — |
VR Balanced TRI | 3.15 | -0.34 | 1.83 | 5.62 | 1.27 | 13.24 | — | — | — | — |
Hybrid: Dynamic Asset Allocation | 4.57 | -0.08 | 2.20 | 5.23 | 3.41 | 12.82 | — | — | — | — |
Rank within category | 20 | 27 | 19 | 22 | 22 | 17 | — | — | — | — |
Number of funds in category | 30 | 32 | 32 | 31 | 30 | 28 | 23 | 17 | 12 | 6 |
NJ 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 (%) | |
NJ Balanced Advtg Dir | Unrated | 11.91 | — | — | 0.57 | 4,035 | 3.20 | 1.00 (30) | 1yrs 7mo | 63.00 |
HDFC Balanced Advtg Dir | 4 star | 20.72 | 27.51 | 14.12 | 0.86 | 55,605 | 14.50 | 1.00 (365) | 10yrs 5mo | 16.81 |
ICICI Pru Balanced Advtg Dir | 5 star | 11.96 | 17.20 | 11.02 | 0.95 | 46,534 | 12.66 | 1.00 (365) | 10yrs 5mo | 16.00 |
Kotak Balanced Advtg Dir | 4 star | 13.13 | 15.68 | — | 0.48 | 14,690 | 11.04 | 1.00 (365) | 4yrs 10mo | 281.16 |
Edelweiss Balanced Advtg Dir | 4 star | 13.05 | 17.77 | 12.44 | 0.51 | 9,078 | 12.31 | 1.00 (90) | 10yrs 5mo | 77.00 |
Portfolio Analysis
No. of Stocks | 76 |
Top 10 Holdings | 22.59% |
Top 5 Stocks | 14.84% |
Top 3 Sectors | 28.29% |
Portfolio P/B Ratio | 3.08 |
Portfolio P/E Ratio | 19.03 |
Avg Credit Rating | GOI/Cash |
Portfolio Breakup
Fund | Category | |
Average Mkt Cap (Rs Cr) | 1,42,752 | 2,03,795 |
Giant (%) | 43.31 | 61.40 |
Large (%) | 37.44 | 19.09 |
Mid (%) | 19.25 | 15.51 |
Small (%) | — | 5.97 |
Tiny (%) | — | 0.02 |
Fund | Category | |
Number of Securities | 149 | 108 |
Modified Duration (yrs) | 0.17 | 2.18 |
Average Maturity (yrs) | 0.18 | 3.57 |
Yield to Maturity (%) | 6.79 | 7.34 |
Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For NJ 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://investnow.njmutualfund.com/
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