Nippon India Balanced Advantage Fund Growth

• Alpha -1.68%
• Beta 0.85
• Sharpe Ratio1.04
• Std Deviation 6.48%
• Tracking Error 3.76%

Nippon India Balanced Advantage Fund attempts to capitalize on the potential upside in equity markets while attempting to limit the downside by dynamically managing the portfolio through investment in equity and active use of debt, money market instruments and derivatives. A model based Dynamic Asset Allocation Fund that aims to offer Triple Benefits of 1. Emotion Free Asset Allocation through Model Based Asset Allocation, 2. Lowers downside risk through hedging and 3. Long Term Alpha – through Active Stock selection and Sector. The fund follows an in-house proprietary Model (which follows Valuations & Trend Following) to determine unhedged equity allocation. The fund maintains a large cap oriented portfolio diversified across sectors. Debt portfolio is managed conservatively, focused at the shorter end through investment in a combination of liquid and short term fixed income securities.

The Nippon India Balanced Advantage Fund Growth has an AUM of 7719.30 crores & has delivered CAGR of 11.54% in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 1.78%. The minimum investment in Nippon India Balanced Advantage Fund Growth is Rs 100 and the minimum SIP is Rs 100.

As per morningstar the risk & return rating of the fund are Low & High respectively.

The top holdings of the fund include Cash Offset For Derivatives, ICICI Bank, HDFC Bank & Infosys.

The major sectors where the fund is invested are Regional Banks, Software & Programming, Consumer Financial Services & Biotechnology & Drugs.

Some of the similar funds are Edelweiss Balanced Advantage Fund Regular Plan Growth, Tata Balanced Advantage Fund Regular Growth, Nippon India Balanced Advantage Fund Growth, Aditya Birla Sun Life Balanced Advantage Fund Growth, NJ Balanced Advantage Fund Regular Growth. Nippon India Balanced Advantage Fund Growth has a sharpe ratio of 1.04 & a standard deviation of 6.48%.