myplexus

NFO Monitor

Fund Fact

Name of Funds:

Bajaj Finserv Balanced Advantage

Opening:

24th November 2023

Closing:

8th December 2023

Minimum Investment:

Rs. 500 and in multiples of Re. 1.

Plan:

Regular and Direct

Options:

Growth and IDCW

Entry Load:

Not Applicable

Exit Load:

1% of NAV if units redeemed or switched out are in excess of 8% of units allotted within 6 months from the date of allotment

Fund Stats

Objective:

The investment objective of the scheme is to capitalize on the potential upside of equities 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.

Benchmark:

NIFTY 50

Fund Manager:

Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary

Asset Allocation

65- 90% Equity 10 - 35% Money Market

10 - 35% Debt Nil Others

Comparable existing schemes

ICICI Prudential Balanced Advantage Fund	9.78(6M)	12.38(1Y)
HSBC Balanced Advantage Fund	9.74(6M)	12.80(1Y)

Fund Prognosis

Idea Distiller

A fund that hopes to appeal to the largest number of retail for acceptable returns

Fund House AAUM:
Rs. 392376.05 Lakhs (as on 30th September 2023)
Fund Manager:
Combined experience of above 22 years

Scheme DNA 4 fundamentals

Uniqueness

Return

Risk

Operability

Oomph Factor

The Bajaj Finserv guys do come up with a lot of gimmicky words for describing their money management orientation. Lets see how it pans out.

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