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Fund Facts
  • Name of Fund:
    Bajaj Finserv Balanced Advantage
  • Opening:
    24th November 2023
  • Closing:
    8th December 2023
  • Scheme Type:
    Open Ended Dynamic Asset Allocation/Balanced Advantage Fund
  • Minimum Investment:
    Rs. 500 and in multiples of Re. 1.
  • Plan:
    Regular and Direct
  • Options:
    Growth and IDCW
  • Entry Load:
    Not Applicable
  • Exit Road:
    1% of NAV if units redeemed or switched out are in excess of 8% of units allotted within 6 months from the date of allotment
  • Thereafter:
    Nil

Fund Stats

Objective

The investment objective of the scheme is to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.

  • Benchmark:

  • S&P CNX Nifty Total Return Index

  • Fund Manager:

  • Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary

Asset Allocation

65- 90% Equity
10 - 35% Money Market
Comparable existing schemes
ICICI Prudential Balanced Advantage Fund 9.78(6M) 12.38(1Y)
HSBC Balanced Advantage Fund 9.74(6M) 12.80(1Y)

Fund Prognosis

Idea Distiller

A fund that hopes to appeal to the largest number of retail for acceptable returns

  • Fund House AAUM:

  • Rs. 392376.05 Lakhs (as on 30th September 2023)

  • Fund Manager:

  • Combined experience of above 22 years

Scheme DNA 4 fundamentals

  • UNIQNESS
  • RETURN
  • RISK
  • OPERABILITY

OOMP Factor

The Bajaj Finserv guys do come up with a lot of gimmicky words for describing their money management orientation. Lets see how it pans out.