Shriram Balanced Advantage Fund
NAV Growth: Rs 14.9145
NAV IDCW: Rs 14.8534
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 365 days |
Basic Details
Fund House | Shriram Mutual Fund |
Launch Date | 05-Jul-19 |
Return Since Launch | 10.56% |
Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
Riskometer | Very High |
Type | Open-ended |
Assets | Rs 46 Cr |
(As on 31-May-2023) | |
Expense | 0.60% |
(As on 31-May-2023) | |
Risk Grade | Average |
Return Grade | Below Average |
Turnover | 196.70% |
Shriram Balanced Advantage Fund Trailing Returns (%)
Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
Shriram Balanced Advtg Dir | 4.82 | 0.46 | 2.61 | 7.28 | 4.88 | 12.15 | 12.60 | — | — | — |
VR Balanced TRI | 5.20 | 0.73 | 2.45 | 11.12 | 5.13 | 19.29 | 20.55 | — | — | — |
Hybrid: Dynamic Asset Allocation | 6.32 | 0.41 | 2.76 | 9.15 | 6.38 | 16.47 | 15.35 | — | — | — |
Rank within category | 28 | 8 | 14 | 29 | 28 | 27 | 18 | — | — | — |
Number of funds in category | 30 | 32 | 32 | 31 | 30 | 28 | 23 | 17 | 12 | 6 |
Shriram 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 (%) | |
Shriram Balanced Advtg Dir | 3 star | 12.15 | 12.60 | — | 0.60 | 46 | 10.56 | 1.00 (365) | 3yrs 12mo | 196.70 |
HDFC Balanced Advtg Dir | 4 star | 25.97 | 27.07 | 15.47 | 0.86 | 55,605 | 14.64 | 1.00 (365) | 10yrs 6mo | 15.19 |
ICICI Pru Balanced Advtg Dir | 5 star | 14.07 | 16.70 | 11.53 | 0.95 | 46,534 | 12.71 | 1.00 (365) | 10yrs 6mo | 20.00 |
Kotak Balanced Advtg Dir | 4 star | 16.12 | 14.92 | — | 0.49 | 14,690 | 11.22 | 1.00 (365) | 4yrs 11mo | 285.93 |
Edelweiss Balanced Advtg Dir | 4 star | 16.80 | 17.71 | 13.05 | 0.50 | 9,078 | 12.41 | 1.00 (90) | 10yrs 6mo | 75.00 |
Portfolio Analysis
No. of Stocks | 34 |
Top 10 Holdings | 47.39% |
Top 5 Stocks | 29.69% |
Top 3 Sectors | 46.88% |
Portfolio P/B Ratio | 2.62 |
Portfolio P/E Ratio | 18.22 |
Avg Credit Rating | AAA |
Portfolio Breakup
Fund | Category | |
Average Mkt Cap (Rs Cr) | 2,81,146 | 2,03,795 |
Giant (%) | 71.37 | 61.40 |
Large (%) | 18.33 | 19.09 |
Mid (%) | 10.30 | 15.51 |
Small (%) | — | 5.97 |
Tiny (%) | — | 0.02 |
Fund | Category | |
Number of Securities | 37 | 108 |
Modified Duration (yrs) | 4.00 | 2.22 |
Average Maturity (yrs) | 5.18 | 3.49 |
Yield to Maturity (%) | 7.37 | 7.17 |
Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Shriram 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.shriramamc.in/
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