3 Year return
11.16%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹791.3 Cr.
Expense Ratio
0.56% (inclusive of GST)
Exit Load
12% of the unit alloted shall be redeemed without any exit load, on or before completion of 3 months from the date of allotment of units. 1% - on remaining units, if redeemed or switched out on or before completion of 3 months from the date of allotment of units. Nil - if redeemed or switched out after completion of 3 months from the date of allotment of units.
Tax Implications
Withdrawal within 1 year:
20% tax on gains
Withdrawal after 1 year:
12.5% tax on gains above ₹1.25 lakh per financial year
Fund Holdings
LIC Mutual Fund Managers
YP
Yogesh Patil
Fund Manager since Mar 2013
Fund House Details
LIC Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
|
Funds
|
3 Y Returns
|
ARQ Rating
|
|---|---|---|
|
HDFC Balanced Advantage Fund |
21.32% |
4 |
|
Baroda BNP Paribas Balanced Advantage Fund |
13.43% |
3 |
|
Edelweiss Balanced Advantage Fund |
11.79% |
5 |
Schemes by LIC Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Aggressive Hybrid Fund
LIC MF Aggressive Hybrid Fund Direct Plan Growth
Hybrid . Aggressive Hybrid Fund
LIC MF Aggressive Hybrid Fund Direct Plan IDCW Payout
Hybrid . Aggressive Hybrid Fund
LIC MF Aggressive Hybrid Fund Direct Plan IDCW Reinvestment
Hybrid . Arbitrage Fund
LIC MF Arbitrage Fund Direct Plan Growth
Hybrid . Arbitrage Fund
LIC MF Arbitrage Fund Direct Plan Monthly IDCW Payout
About LIC MF Balanced Advantage Fund Direct Plan Growth
LIC Mutual Fund manages LIC MF Balanced Advantage Fund Direct Growth as an open-ended dynamic asset allocation fund. The fund adopts a unique approach to asset allocation between equity and fixed-income classes, guided by an internal model developed by LIC Mutual Fund. This model takes into account various valuation ratios, such as PE (Price-to-Earnings), future earnings yield and prevailing interest rates. By leveraging this internal model, the fund aims to minimise human bias and effectively manage asset allocation across equity and debt in different market phases.
Investment Objective of the Scheme
The primary investment objective of LIC MF Balanced Advantage Fund Direct Plan Growth is to provide investors with capital appreciation and income through a combination of equity, debt, and money market instruments. By diversifying its assets across these different classes, the scheme seeks to reduce overall volatility, offering investors a more stable investment experience. The fund managers aim to optimise returns by tactically rebalancing the portfolio based on the internal model's recommendations.
Key Features of The Fund
| 5-year return | NA |
| Expense Ratio | 0.56% |
| Fund Manager | Yogesh Patil |
| Fund Size | ₹791.3 Cr |
| Risk Profile | Very High |
Is This Scheme Right for Me?
LIC MF Balanced Advantage Fund Direct Plan Growth is well-suited for various types of investors. Investors seeking long-term wealth creation can benefit from the fund's dynamic asset allocation strategy, which aims to capture growth opportunities over time. Those looking for diversification of investments can appreciate the fund's allocation across equity, debt, and money market instruments, spreading risk and potential rewards. As with any investment decision, interested investors should carefully assess their financial goals, risk tolerance, and investment time horizon before committing to the scheme.
AMC Contact Details
| Name | LIC Mutual Fund |
| Launch Date | April 1989 |
| Addresss | Industrial Assurance Bldg., 4th Floor, Opp. Churchgate Station, Mumbai - 400 020. |
| Contact | 1800 258 5678 |
| service_licmf@kfintech.com | |
| Website | https://www.licmf.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
What is today's NAV of LIC MF Balanced Advantage Fund?
What is the AUM of LIC MF Balanced Advantage Fund?
What is the expense ratio of LIC MF Balanced Advantage Fund?
What are the returns of LIC MF Balanced Advantage Fund since inception?
What is the minimum SIP amount to invest in LIC MF Balanced Advantage Fund?
How do I invest in LIC MF Balanced Advantage Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in LIC MF Balanced Advantage Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in LIC MF Balanced Advantage Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in LIC MF Balanced Advantage Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.
