Tata Balanced Advantage Fund Regular - Growth (₹ 18.60) - NAV, Reviews & asset allocation (2024)

Investment Growth

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Tata Balanced Advantage Fund Regular - Growth

Tata Balanced Advantage Fund Regular - Growth Fund Details

Investment Objective - The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.

Tata Balanced Advantage Fund Regular - Growth Investment Details

• Equity

• Debt

• Asset Allocation

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  Asset Allocation History

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  EquityDebtCash

  Sector Allocation

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  Market Cap Allocation

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  Concentration & Valuation Analysis

  	FEB 2024	JAN 2024	DEC 2023	NOV 2023	OCT 2023	SEP 2023
  Number of Holdings	163	172	167	173	178	171
  Top 5 Company Holdings	17.39%	17.56%	18.25%	18.67%	18.29%	18.19%
  Top 10 Company Holdings	29.04%	28.74%	28.91%	29.69%	29.1%	28.85%
  Company with Highest Exposure	Reliance Industries (4.64%)	Reliance Industries (4.47%)	HDFC Bank (4.64%)	HDFC Bank (4.92%)	HDFC Bank (4.85%)	HDFC Bank (4.72%)
  Number of Sectors	15	15	15	15	15	15
  Top 3 Sector Holdings	25.46%	24.43%	25.85%	26.71%	24.67%	25.57%
  Top 5 Sector Holdings	32.17%	30.96%	32.15%	33.58%	30.74%	32.14%
  Sector with Highest Exposure	Financial (13.13%)	Financial (13.06%)	Financial (14.77%)	Financial (14.97%)	Financial (14.24%)	Financial (14.63%)

• Top Stock Holdings

• Sector Holdings in MF

• Debt Holdings in Portfolio

• Company	Sector	Assest(%)	P/E	EPS-TTM(₹)	RETURN 1 YR(%)
  Reliance Industries	Energy	4.64	28.74	103.41	32.82
  HDFC Bank	Financial	3.58	18.62	77.75	-8.83
  ICICI Bank	Financial	3.13	18.07	60.50	26.79
  	Construction	3.07	40.90	92.03	73.72
  State Bank of India	Financial	2.97	10.35	72.71	44.32
  TCS	Technology	2.73	31.26	124.00	23.27
  Bharti Airtel	Communication	2.34	88.00	13.96	63.64
  Axis Bank	Financial	2.27	24.06	43.53	26.48
  NTPC	Energy	2.25	16.69	20.11	92.79
  Power Grid Corporation Of India	Energy	2.06	16.37	16.91	62.24

• Cumulative Returns

• SIP returns

• Discrete Returns

• Quant Measures

• Asset Allocation

• Scheme Name	NAV(Rs./Unit)	Scheme Rating	AUM(Rs. Cr)	1M	1Y	3Y	5Y
  Tata Balanced Advantage Fund Regular - Growth	18.60		8,729.74	0.70	23.03	12.67	13.07
  HDFC Dynamic PE Ratio FoF Regular- Growth	35.84		42.80	0.24	26.48	16.20	13.81
  HDFC Balanced Advantage Fund-Growth	449.03		78,759.07	0.52	39.64	24.22	17.55
  Baroda BNP Paribas Balanced Advantage Fund Regular - Growth	21.10		3,725.37	0.62	26.94	13.60	14.87
  Franklin India Dynamic Asset Allocation Fund of Funds-Growth	145.24		1,301.93	0.25	27.27	19.20	11.53

• Standard Deviation

  Standard Deviation

  Standard deviation is the deviation of the fund's return around mean.

  Low Volatality

  6.13VS7.48

  Fund Vs Category Avg

• Beta

  Beta

  Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.

  Low Volatality

  0.51VS0.56

  Fund Vs Category Avg

• Sharpe Ratio

  Sharpe Ratio

  Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.

  Better risk-adjusted returns

  1.17VS0.97

  Fund Vs Category Avg

• Treynor's Ratio

  Treynor's Ratio

  Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.

  Better risk-adjusted returns

  13.88VS12.61

  Fund Vs Category Avg

• Jensen's Alpha

  Jensen's Alpha

  Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.

  Better risk-adjusted returns

  2.28VS1.73

  Fund Vs Category Avg

• Mean Return

  Mean Return

  Average return generated by the fund during a specified period.

  Better average monthly returns

  12.16VS12.10

  Fund Vs Category Avg

Risk Ratio Chart

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About Tata Balanced Advantage Fund Regular - Growth
1. Tata Balanced Advantage Fund - Regular Plan is Open-ended Dynamic Asset Allocation Hybrid scheme which belongs to Tata Mutual Fund House.
2. The fund was launched on Jan 28, 2019.

Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments. "
2. It is benchmarked against CRISIL Hybrid 50+50 Moderate Index.

Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 48.99% in equities, 25.57% in debts and 23.99% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 29.04% of the assets, the top 3 sectors constitute around 25.46% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.

Tax Implications on Tata Balanced Advantage Fund Regular - Growth
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:

For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).

For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.

For Hybrid funds with 0-35% allocation in equity & equity related instruments:

Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.

Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.