NRI from all over the world (including U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹171.84
-0.52%
NAV as on 06 Oct 24, 12:00 AM
very high risk
dynamic asset allocation
equity
NAV as on 06 Oct 24, 12:00 AM
very high risk
dynamic asset allocation
equity
24.20%p.a.
Last 1Y
12.04%p.a.
Last 3Y
13.84%p.a.
Last 5Y
15.49%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Nippon India Balanced Advantage Fund Growth scheme from Nippon Life India Asset Management Ltd. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Nov 2004, Nippon India Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 8,802.55 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
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.
ICICI Bank Ltd
5.78%
HDFC Bank Ltd
5.36%
Infosys Ltd
4.58%
Bharti Airtel Ltd
3.36%
NTPC Ltd
2.99%
Reliance Industries Ltd
2.42%
ITC Ltd
2.23%
Axis Bank Ltd
2.11%
Larsen & Toubro Ltd
2.03%
Godrej Consumer Products Ltd
1.85%
View Scheme Document
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
---|---|---|
Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
very high risk | hybrid (nc)
21.8%
very high risk | equity
11.5%
very high risk | hybrid (nc)
12.1%