About Nippon India Balanced Advantage Fund Direct-Growth
Nippon India Balanced Advantage Fund Direct-Growth is a Balanced
mutual fund scheme from Nippon India Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Ashutosh Bhargava
and Manish Gunwani
. It has an AUM of ₹2,405.93 Crores and the latest NAV decalared is ₹96.074 as on 18 Oct 2019 at 10:50 pm.
Nippon India Balanced Advantage Fund Direct-Growth scheme return performance in last 1 year is 9.34%, in last 3 years is 28.16% and 110.82% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
The scheme seeks 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.