Bandhan Balanced Advantage Fund$
An open ended dynamic asset allocation fund
Bandhan Balanced Advantage Fund§
An open ended dynamic asset allocation fund
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- 'Dynamically' invests between Equity and Debt
- An Equity fund that buys less when markets are expensive and more when markets are cheap
- Based on the model that tracks market valuation
: ₹ 2,512.85 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
: ₹ 2,505.40 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
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An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.
Debt Portion: Mr. Brijesh Shah (w.e.f. 16th July 2022)
Other Parameter:
| Standard Deviation (Annualized)
Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. | 7.89% |
| Beta
Beta is a measure of an investment's volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market. | 0.85 |
| R Square | 0.75 |
| Sharpe*
The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. | 0.71 |
| Modified Duration₤
Modified duration is the price sensitivity and the percentage change in price for a unit change in yield | 1.50 years |
| Average Maturity₤ | 1.76 years |
| Macaulay Duration₤ | 1.57 years |
| Yield to Maturity ₤
The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity. | 7.04% |
| ₤ For debt allocation only | |
| Portfolio Turnover | |
| Equity | 0.19 |
| Aggregate^ | 2.86 |
| Total Expense Ratio | |
| Regular | 1.94% |
| Direct | 0.58% |
SIP (Minimum Amount): ₹ 100/-(Minimum 6 instalments)
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 1,000/- and any amount thereafter
Option Available: Growth, IDCW@ (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only))
:
Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.
- For 10% of investment: Nil
- For remaining investment: 1% if redeemed/ switched out within 1 year from the date of allotment (w.e.f. July 5, 2017)
NAV (₹) as on May 31, 2023
| Regular Plan | Growth | 18.72 |
| Regular Plan | IDCW@ | 13.02 |
The equity exposure of the scheme's portfolio will be determined as follows:
| PE Bands | Equity Allocation |
|---|---|
| <12 | 90 - 100 |
| 12 - 16 | 75 - 90 |
| 16 - 19 | 65 - 75 |
| 19 - 22 | 55 - 65 |
| 22 - 26 | 40 - 55 |
| >26 | 30 - 40 |
The balance will be invested in debt and money market securities.
Bloomberg Nifty P/E data as of 31st May 2023 indicates a
value of 22.20 and Equity band for the month of June will
be 40-55%.
| Name | Rating | % of NAV |
| Equity and Equity related Instruments | 76.08% | |
| Net Equity Exposure | 55.48% | |
| Banks | 11.41% | |
| oICICI Bank | 9.79% | |
| ICICI Bank - Equity Futures | -4.07% | |
| oHDFC Bank | 6.09% | |
| HDFC Bank - Equity Futures | -1.24% | |
| Kotak Mahindra Bank | 1.14% | |
| Kotak Mahindra Bank - Equity Futures | -1.12% | |
| IndusInd Bank | 1.05% | |
| IndusInd Bank - Equity Futures | -1.05% | |
| State Bank of India | 0.99% | |
| State Bank of India - Equity Futures | -1.00% | |
| Axis Bank | 0.83% | |
| Finance | 7.19% | |
| oBajaj Finance | 4.63% | |
| oCholamandalam Invt and Fin Co | 3.22% | |
| oHDFC | 2.49% | |
| HDFC - Equity Futures | -2.19% | |
| Bajaj Finserv | 0.04% | |
| Bajaj Finance - Equity Futures | -1.01% | |
| IT - Software | 6.60% | |
| oInfosys | 4.39% | |
| Tata Consultancy Services | 1.08% | |
| MphasiS | 0.94% | |
| LTIMindtree | 0.19% | |
| Automobiles | 5.49% | |
| oMahindra & Mahindra | 3.21% | |
| Mahindra & Mahindra - Equity Futures | -0.54% | |
| Tata Motors | 1.48% | |
| TVS Motor Company | 1.34% | |
| Auto Components | 4.78% | |
| UNO Minda | 1.29% | |
| Samvardhana Motherson International | 0.93% | |
| Sona BLW Precision Forgings | 0.79% | |
| Jamna Auto Industries | 0.61% | |
| Tube Investments of India | 0.59% | |
| Mahindra CIE Automotive | 0.57% | |
| Chemicals & Petrochemicals | 3.14% | |
| SRF | 1.52% | |
| SRF - Equity Futures | -0.13% | |
| Tata Chemicals | 1.30% | |
| Tata Chemicals - Equity Futures | -0.11% | |
| Aether Industries | 0.33% | |
| Clean Science and Technology | 0.23% | |
| Telecom - Services | 2.45% | |
| oBharti Airtel | 2.45% | |
| Retailing | 2.27% | |
| Avenue Supermarts | 1.47% | |
| Trent | 0.62% | |
| Vedant Fashions | 0.18% | |
| Industrial Products | 1.88% | |
| Carborundum Universal | 1.18% | |
| Timken India | 0.38% | |
| Shaily Engineering Plastics | 0.32% | |
| Consumer Durables | 1.54% | |
| Titan Company | 1.54% | |
| Diversified FMCG | 1.37% | |
| oHindustan Unilever | 2.54% | |
| Name | Rating | % of NAV |
| Hindustan Unilever - Equity Futures | -1.17% | |
| Cement & Cement Products | 1.33% | |
| UltraTech Cement | 1.99% | |
| UltraTech Cement - Equity Futures | -0.66% | |
| ACC | 0.13% | |
| ACC - Equity Futures | -0.13% | |
| Healthcare Services | 1.27% | |
| Apollo Hospitals Enterprise | 1.27% | |
| Aerospace & Defense | 0.94% | |
| Data Patterns (India) | 0.80% | |
| Bharat Electronics | 0.13% | |
| Electrical Equipment | 0.72% | |
| ABB India | 0.72% | |
| Food Products | 0.65% | |
| Nestle India | 0.65% | |
| Beverages | 0.58% | |
| United Spirits | 1.21% | |
| United Spirits - Equity Futures | -0.82% | |
| Varun Beverages | 0.18% | |
| Fertilizers & Agrochemicals | 0.56% | |
| PI Industries | 0.91% | |
| PI Industries - Equity Futures | -0.35% | |
| Textiles & Apparels | 0.51% | |
| Page Industries | 0.51% | |
| Pharmaceuticals & Biotechnology | 0.48% | |
| Divi's Laboratories | 0.48% | |
| Lupin | 0.09% | |
| Sun Pharmaceutical Industries | 0.04% | |
| Sun Pharmaceutical Industries - Equity Futures | -0.04% | |
| Lupin - Equity Futures | -0.09% | |
| Paper, Forest & Jute Products | 0.32% | |
| Century Textiles & Industries | 0.32% | |
| Personal Products | 0.02% | |
| Godrej Consumer Products | 1.73% | |
| Godrej Consumer Products - Equity Futures | -1.71% | |
| Realty | 0.00% | |
| DLF | 0.11% | |
| DLF - Equity Futures | -0.11% | |
| Petroleum Products | -0.02% | |
| oReliance Industries | 3.06% | |
| Reliance Industries - Equity Futures | -3.08% | |
| Government Bond | 5.47% | |
| 7.38% - 2027 G-Sec | SOV | 4.66% |
| 7.1% - 2029 G-Sec | SOV | 0.80% |
| Treasury Bill | 4.96% | |
| 182 Days Tbill - 2023 | SOV | 4.96% |
| Certificate of Deposit | 4.38% | |
| Axis Bank | A1+ | 3.82% |
| Small Industries Dev Bank of India | A1+ | 0.57% |
| Corporate Bond | 4.00% | |
| Bajaj Finance | AAA | 3.00% |
| HDFC | AAA | 0.99% |
| NTPC | AAA | 0.01% |
| Zero Coupon Bond | 1.72% | |
| Sundaram Finance | AAA | 1.72% |
| Net Cash and Cash Equivalent | 3.39% | |
| Grand Total | 100.00% | |
| oTop 10 Equity Holdings |
Performance based on NAV as on 31/05/2023. Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns.
Scheme risk-o-meter
Investors understand that their principal will be at Very High risk
This product is suitable for investors who are seeking*
- To create wealth over long term.
- Dynamic allocation towards equity, derivatives, debt and money market instruments.
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Benchmark risk-o-meter
NIFTY 50 Hybrid Composite debt 50:50 Index
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
*Risk-free rate assumed to be 6.40% (FBIL OVERNIGHT MIBOR as on 31st May 2023). Ratios calculated on the basis of 3 years history of monthly data.
^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUMfor the last one year (includes Fixed Income securities and Equity derivatives).
The portfolio will be rebalanced within the first three working days of the next month.
The fund has been repositioned from a Nifty linked fund to an open banded fund w.e.f. June 19, 2017.
Debt portion: Mr. Arvind Subramanian managed this scheme up to 15th July, 2022.
§With effect from 13th March 2023, the name of "IDFC Balanced Advantage Fund" has changed to "Bandhan Balanced Advantage Fund"
