SBI Balanced Advantage Fund
NAV : ₹ 14.86 as of 12 December, 2024
3Y Returns
▲13.38%
Overview
Fund size
Min SIP
Lumpsum
Launch date
Fund plan
Scheme type
Rating by Value Research
Return Calculator
Over the past
Total Investment of ₹3,00,000
Would have become ₹3,30,878 (+9.33%)
Disclaimer: Past performance is not an indicator of future returns
Equity Holding(s) Distribution
Other Scheme Info
Inclusive of GST
For units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
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SBI Balanced Advantage Fund Managers
Dinesh Ahuja
Sep 2020 - Present
Rajeev Radhakrishnan
Dec 2022 - Present
Mansi Sajeja
Jun 2021 - Present
Dinesh Balachandran
Dec 2024 - Present
Anup Upadhyay
Dec 2024 - Present
Mohit Jain
Dec 2022 - Present
List of SBI Mutual Fund’s top performing schemes
Fund House
SBI Mutual Fund
Total AUM: 900276.62Cr
SBI Mutual Fund was established on June 29, 1987, as a Trust, with State Bank of India (SBI) acting as the sponsor and SBI Mutual Fund Trustee Company Private Limited serving as the Trustee. It received registration from SEBI on December 23, 1993. A significant development occurred on April 13, 2011, when an agreement was inked between SBI and AMUNDI Asset Management, transforming the fund house into a joint venture.
SBI Mutual Fund has been a pioneer in several aspects. It was the first Indian Mutual Fund to introduce a 'Contra' fund, known as the SBI Contra Fund. Additionally, in 2013, the fund expanded its footprint by acquiring Daiwa Mutual Fund, a part of the Daiwa Group in Japan.
Notably, SBI Mutual Fund holds the distinction of being the first in India to launch an ESG Fund, focusing on Environment, Social, and Governance criteria for sustainable investments in major markets. In 2015, a landmark investment took place as the Employees' Provident Fund of India invested Rs. 5,000 Crore, marking the first instance of such an investment in a Mutual Fund in India through SBIMF Sensex ETFs or Exchange Traded Funds.
As of June 2023, SBI Mutual Fund boasts a diverse range of mutual fund schemes across equity, debt, hybrid, and other categories. The fund house manages Assets Under Management (AUM) totaling Rs. 8.5 lakh crores, as of December 2023.
Learn more about SBI Mutual Fund
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
FAQ for SBI Balanced Advantage Fund
How to start an SIP in SBI Balanced Advantage Fund?
To start an SIP in SBI Balanced Advantage Fund:
1. Login to the Kotak NEO App and tap Invest on the bottom navigation bar.
2. Under Other Investments, select Mutual Funds and search for SBI Balanced Advantage Fund.
3. On the SBI Balanced Advantage Fund details page, tap Invest Now.
4. Enter your investment amount under Monthly SIP, select your SIP date, and choose First Payment Now to complete the payment and initiate your SIP.
This simplified process helps you start your SIP quickly and efficiently.
How to invest in SBI Balanced Advantage Fund?
To invest in SBI Balanced Advantage Fund:
1. Login to the Kotak NEO App and tap Invest on the bottom navigation bar.
2. Under Other Investments, select Mutual Funds and search for SBI Balanced Advantage Fund.
3. Open the scheme details and tap Invest Now.
4. Choose One-time Investment, enter the amount, accept the T&C, and click Proceed.
5. Complete the payment via your bank’s e-banking page.
Your order will be successfully placed upon payment confirmation.
How do I automate an SIP in SBI Balanced Advantage Fund?
To automate an SIP in SBI Balanced Advantage Fund, use the Auto-Invest feature on Kotak Securities. This allows you to set up automatic investments, SIPs in mutual funds at regular intervals. Once configured, your chosen amount will be invested in the SBI Balanced Advantage Fund automatically, ensuring consistent contributions without manual intervention.
How can I withdraw/redeem my investment in SBI Balanced Advantage Fund?
To withdraw or redeem your investment in SBI Balanced Advantage Fund:
1. Login to the Kotak NEO App and access the Mutual Funds section.
2. Tap Reports on the bottom bar and select Manage SIP.
3. Find the SBI Balanced Advantage Fund, tap the three dots, and select Stop SIP.
4. Confirm your action, and your SIP will be successfully stopped.
This streamlined process will help you redeem your investment quickly.
What is the NAV of SBI Balanced Advantage Fund
NAV stands for net asset value, where the performance of a mutual fund is derived by its NAV per unit. NAV per unit is the market value of securities in a scheme, divided by the total number of units in the scheme on a given date.
The Net Asset Value of SBI Balanced Advantage Fund is ₹14.86
What is the AUM of SBI Balanced Advantage Fund?
AUM means ‘asset under management,’ which implies the cumulative sum of the market value of total securities held in a mutual fund scheme. MFs invest in Equities, Bonds & other such instruments. If you add the market value of all the investments made by the mutual fund along with any idle cash that it holds, the final tally is called AUM. It tells you how large or small a mutual fund is.
The AUM of SBI Balanced Advantage Fund is ₹33,186.83 Cr.
What is the minimum SIP amount for SBI Balanced Advantage Fund?
Every mutual fund scheme has a minimum SIP amount, which one may start with.
The minimum SIP amount of SBI Balanced Advantage Fund is ₹500
What is the Expense Ratio of SBI Balanced Advantage Fund?
As per SEBI Regulations, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. The total expense ratio is calculated as a percentage of the scheme’s NAV. It's deducted from the total revenue generated by a mutual fund before disbursing it to the investors.
The Expense Ratio of SBI Balanced Advantage Fund is 1.57%
What is the Exit load of SBI Balanced Advantage Fund?
It’s a fee charged by the mutual fund house if an investor fully or partially exits from an invested scheme within a stated period from the date of investment. The time period for which it applies varies with the type of fund. It's calculated from the date of investment, whether in SIP or lump sum form.
The Exit load of SBI Balanced Advantage Fund is For units in excess of 10% of the investment,1% will be charged for redemption within 1 year..
