NJ Balanced Advantage Fund is an open-ended Dynamic Asset allocation fund. This fund is suitable for those investors who are looking for Long Term Capital Growth & Dynamic asset allocation between equity and specified debt securities.
A new fund is being offered. It will open on October 8, 2021 and close on October 22, 2021.
Plans / Options:
- Regular Plan
- Direct Plan
Each Plan Offers the following two Options.
Upcoming flexi cap fund - NJ FLEXI CAP FUND.
Face value: Rs.10/-
Benchmark: Nifty 50 Hybrid Composite Debt 50:50 Index
Minimum Application Amount: 500/- Rs. and multiples of 1/- Rs. thereof.
Exit Load:
If redeemed or switched out within 30 days of allotment, the exit load will be charged at 1% for the first 30 days, then it will be zero.
Transaction Charges:
- First time investor in a Mutual Fund, the distributor may be paid Rs.150/- as transaction charge per subscription of Rs.10000/- and above.
- For existing investors in a Mutual Fund, the distributor may be paid Rs.100/- as transaction charge per subscription of Rs. 10000/- and above.
- In case of SIP's the transaction charge shall be applicable only if the total commitment through SIP's amount to Rs. 10000/- and above. In such cases, the transaction charge shall be recovered in 3-4 instalments.
Overview of SBI Retirement Benefit Fund
Levy of Stamp Duty on applicable on Mutual Fund Transaction will be 0.005%.
NJ Balance Advantage fund nfo asset allocation details.
|
Instruments |
Indicative Allocations (% of total assets) |
Risk Profile |
|
|
|
Minimum |
Maximum |
High/Medium/Low |
|
Equity & Equity related instruments including Derivatives |
0% |
100% |
Medium to High |
|
Specified Debt Securities |
0% |
100% |
Low to Medium |
- The scheme may also invest in derivatives instruments to the extent of 50% of the net asset of the scheme. The scheme will not have a leveraged position in derivatives.
- The scheme will not invest in foreign securities, securitized debt and equity linked debentures.
- The scheme will not invest in debt investments.
Where will the NJ Balanced Advantage fund invest?
- Equity related instruments include convertible debentures, convertible preference shares, warrants carrying the right to obtain equity shares, equity derivatives and such other instrument as may be specified by the Board from time to time.
- Equity Derivatives, which are financial instruments, generally traded on the stock exchange, the price of which is directly dependent upon the value of equity shares or equity indices. Derivative involve the trading of rights or obligations based on the underlying, but do not directly transfer property.
- TREPS, Repo / Reverse (in Government securities), Treasury bills, cash and cash equivalents.
- Government securities issued by central, state governments and other securities issued by RBI from time to time.
Top 5 Advantages of Equity SIP.
Who manages the fund?
Mr. Rishi Sharma. (B.Com, PGDBA)
Minimum Target Amount: Rs.10 Cr.
Annual Scheme Recurring Expenses:
- Investment Management and Advisory Fee up to 2.25%.
- Additional expenses up to 0.05%.
- Additional expenses for gross new inflows form specified cities up to 0.30%.