Launched on 2021-01-15T00:00:00, the PGIM India Balanced Advantage Fund - Direct Plan - Growth Option has 1145.95 Cr in AUM (Assets Under Management) as on 28-05-24 08:30:490 IST. This fund is a/an hybrid dynamic asset allocation with a CRISIL rating of 2 stars. As on 2024-04-30, this mutual fund has an NAV (Net Asset Value) of 14.75. Furthermore, the portfolio turnover ratio is 10 as on 28-05-24 08:30:490 IST. The fund holds CRISIL Hybrid 50+50 Moderate Index  as its benchmark index. The minimum amount that one can invest in the fund is 1000.0. The fund has an  0.5% for redemption within 90 days.The risk rating of this fund is VHG.

PGIM India Balanced Advantage Fund - Direct Plan - Growth Option

hybrid

dynamic asset allocation

by Value Research

AUM : ₹ 1145.95 Cr

Investment Returns Calculator

SIP
Lumpsum
I Want To Save

₹ 1000 ₹ 100000
Tenure
Years
1 Y 5 Y
I Want To Save

₹ 5000 ₹ 50000
Tenure
Years
1 Y 5 Y

ROI Data Not Available

Your Investment Would Have Become

Estimated Growth

Total Investment:

₹ NA

Estimated Returns:

₹ NA

Future Value

₹ NA

Disclaimer: The content provided is solely for information & awareness purposes and under no circumstances the information provided is intended to be source of advice or recommending any financial investment advice or endorsement of any sort. All the information is provided in good faith; however, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information. Any information contained herein is not to be treated as investment advisory and the same is provided only for general understanding of investors. Any reliance you place on such material is therefore strictly at your own risk.

Returns

Tenure Fund Return Category Average Rank Within Category
1 Year 17.89% 23.40% 29/20
3 Years 11.60% 14.47% 19/20
5 Years 0.00% 13.34% NA
10 Years 0.00% 12.79% NA

Top Scheme Holding

Sectors
Companies
Others
22.03 %
Financial
16.89 %
Energy
8.39 %
Services
6.47 %
Technology
5.75 %
Capital Goods
4.81 %
Healthcare
4.46 %
Others
44.72 %
ICICI Bank
5.78 %
Reliance Industries
5.39 %
7.18% GOI 24/07/2037
5.19 %
HDFC Bank
4.99 %
7.18% GOI 14/08/2033
4.04 %
TCS
2.97 %
Bharti Airtel
2.67 %
Axis Bank
2.28 %
HSBC InvestDirect Financial Services India 177-D 14/06/2024
2.16 %
6.54% GOI 17/01/2032
1.59 %
7.25% GOI 12/06/2063
1.47 %
7.95% Sikka Ports and Terminals 28/10/2026
0.87 %

Fund Managment

i

Fund Managment

Mutual funds are handled by professional fund managers, who strategise, analyse, and plan investment activities, to determine ideal securities to invest in as per an individual’s investment objectives.

Chetan Chavan
Chetan Chavan Managing Since: 2024
Chetan Gindodia
Chetan Gindodia Managing Since: 2024
Puneet Pal
Puneet Pal Managing Since: 2021
Vinay Paharia
Vinay Paharia Managing Since: 2023
Anandha Padmanabhan Anjeneyan
Anandha Padmanabhan Anjeneyan Managing Since: 2023

About this Fund

Scheme Details
Launch Date : 15 January, 2021
Fund Type : hybrid
Category : dynamic asset allocation
AUM : ₹ 1145.95 Cr
Riskometer
i

Riskometer

A riskometer can calculate the risk rate of a mutual funds investment. It is presented in a graph to help understand the risk that comes with a potential investment.

Investors understands that their principal will be at Risko Green Text.

Additional Details

Fund Category: hybrid

What is Fund type?

A fund type refers to the asset allocation pattern or the investment strategy of a mutual fund. Based on the asset allocation pattern/ investment strategy Mutual funds are classified into

  • Equity funds
  • Debt funds
  • Hybrid funds
  • Solution oriented funds such as retirement fund and children’s fund, and
  • Other schemes such as Index funds/ETFs and Fund of funds.

Each type of fund has different risks, rewards and features.

Sub Category: dynamic asset allocation

What is Fund Sub type?

A fund sub-category is the categorization of mutual funds within a broader category based on factors like investment style. Understanding the fund sub-categories helps investors choose the right mutual funds that fit their investment objectives. For example, there are 16 sub-categories of debt mutual funds, including liquid funds, money market funds, corporate bond funds, etc.

Benchmark Index: CRISIL Hybrid 50+50 Moderate Index

What is Benchmark index ?

The Benchmark index for a particular mutual fund is the standard against which the scheme plans to measure its performance. It indicates how much an individual’s investment should have earned, which can be used to compare the actual earnings. Ideally, a mutual fund’s target must match the benchmark performance.

Performance Ratios

Mean
i

(Mean)

It is a statistical value that illustrates the average returns generated by a fund over specified duration.

Alpha
i

(Alpha)

This determines if a fund can offer returns beyond, under, or similar to market benchmarks.

Beta
i

(Beta)

This measures how efficiently a fund can respond to market volatilities and fluctuations.

Std. Deviation
i

(Std. Deviation)

This decides how far returns can deviate from expected returns, and its risk ratio.

Sharpe
i

(Sharpe)

This estimates a fund’s risk-adjusted returns and the gains it can derive over risk-free returns.

Sortino
i

(Sortino)

This measures a fund’s performance, regarding downward deviation, which is standard deviation of negative returns.

Portfolio
i

(Portfolio)

This is the frequency of assets changing annually, due to market conditions and fund management.

11.82 0.61 0.61 7.82 0.84 1.53 10%

What is Performance Ratios?

The performance ratio helps you analyse and compare various mutual funds schemes. Through this ratio, you can understand which AMC or investment can offer you inflation-beating gains, risk adjustment, ideal asset allocation, etc. Performance ratios are calculated through the means of alpha, beta, standard deviation, sharpe ratio, sortino ratio, and portfolio turnover.

Frequently Asked Questions About Mutual Funds

What category of mutual funds does the PGIM India Balanced Advantage Fund - Direct Plan - Growth Option fall under?

The PGIM India Balanced Advantage Fund - Direct Plan - Growth Option is a dynamic asset allocation.

Who is this fund suitable for?

What is the CRISIL ranking for this fund?

What is the benchmark for PGIM India Balanced Advantage Fund - Direct Plan - Growth Option?

What is the risk rating of this fund?

What is the current tax rate for long term capital gains of this fund if you withdraw after one year?

What is the current tax rate for short term capital gains of the PGIM India Balanced Advantage Fund - Direct Plan - Growth Option if you withdraw before the completion of a year?

Minimum investment Amount

Min. SIP Amount

₹1000

Min. Lumpsum Amount

₹5000

Min. Additional Amount

₹1000

Expense Ratio/Exit Load/Taxation

Expense Ratio

i

Expense Ratio

This ratio refers to the fee charged by the AMC for managing your mutual fund.

0.36 %

Exit Load

i

0.5% for redemption within 90 days

Taxation

i

Taxation

STCG Taxation:    15% + surcharge at 10% or 15% with 4% health and education cess  Individual: 17.94%; HUF: 17.16%  LTCG Taxation:  10% without indexation or benefit for foreign currency conversion  Surcharge: 10% or 14% with 4% health and education cess  Individual: 11.96% ; HUF: 11.44%

Hybrid STCG: Income Tax Slab Rate of Investor%Up to 36 months

Hybrid TCG: Investor’s income tax slab rate%More than 36 months

Investment Objective

PGIM India Balanced Advantage Fund - Direct Plan - Growth Option

The scheme seeks to provide capital appreciation and income distribution to the investors by dynamically managing the asset allocation between equity and fixed income using equity derivatives strategies, arbitrage opportunities and pure equity investments. The scheme seeks to reduce the volatility by diversifying the assets across equity and fixed income.

Recently Viewed Funds

Up-Arrow
0

Fund Added to Compare

COMPARE NOW

Clear All

Minimize Image
Cancel Icon

Search Mutual Funds & Add to Compare