Nippon India Balanced Advantage Fund-Growth Plan-Growth Option

Nippon India Balanced Advantage Fund-Growth Plan-Growth Option is a scheme launched by Nippon Mutual Fund on November 15, 2004, and falls under the Dynamic Asset Allocation fund category. It currently manages an AUM of Rs 9,317.08 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 100. It charges an expense ratio of 1.74% for managing the portfolio.

• Investing Strategy:

  The investment objective of the scheme is to capitalize on the potential upside in equity markets 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. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

• Performance:

  Nippon India Balanced Advantage Fund-Growth Plan-Growth Option trailing returns over different times are 2.29% (1 year), 11.87% (3 year) and 13.72% (5 year). The average annual return of this fund stands at 5.13%.