NRI from all over the world (including U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Nippon India Balanced Advantage Fund Growth for NRI [171.84]

Min Investment

100

Fund Size

8,802.55 Cr

Expense Ratio

1.7%

Exit Load

1%

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

About Nippon India Balanced Advantage Fund Growth for NRIs

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 Growth delivered 24.2% annual returns during the last year. It has delivered 15.5% average annual returns since the fund was launched.
  • Nippon India Balanced Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund Objective

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.

Top 10 Holdings

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%

Fund Managers

  1. Ashutosh Bhargava (May 2018 - Present)
  2. Kinjal Desai (May 2018 - Present)
  3. Amar Kalkundrikar (Oct 2020 - Present)
  4. Sushil Budhia (Mar 2021 - Present)

Key Information

View Scheme Document

Nippon India Balanced Advantage Fund Growth SIP Calculator

If invested

5,000

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

NRI Mutual Fund Tax on Nippon India Balanced Advantage Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Nippon India Balanced Advantage Fund Growth?

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:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Nippon India Balanced Advantage Fund Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions