LIC MF Balanced Advantage Fund


An Open Ended Dynamic Asset Allocation Fund


The investment objective of the scheme is to provide capital appreciation/ income to the investor from a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.


  • Investors looking for long term wealth creations.
  • Circle-imgInvestors looking for diversification of investments.
  • Circle-imgInvestors who are looking for product with lower volatility than the pure equity product.
  • Circle-imgInvestors who are uncomfortable buying stocks at extremely high valuations.

This product is suitable for investors who are seeking.

  • Capital appreciation over a long period of time.
  • Investments in a dynamically managed portfolio of equity and equity related instruments,debt and money market instruments.
  • Risk - Moderately High.
  • .

Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

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Top holding where the fund has invested ( As on 30-Apr-2023 )

  • Government Bond11.34 %

  • ICICI Bank Ltd.8.60 %

  • Reliance Industries Ltd.7.61 %

  • HDFC Bank Ltd.7.02 %

  • Housing Development Finance Corp Ltd.5.45 %

  • State Government Bond5.00 %

  • Infosys Ltd.4.29 %

  • State Bank of India3.73 %

  • Axis Bank Ltd.3.66 %

  • Mahindra & Mahindra Ltd.3.39 %

  • Others35.53 %

  • Cash & Cash Equivalent:4.38 %

Monthly Portfolio  /  Fortnightly Portfolio Download      Half Yearly Portfolio
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Portfolio Composition (As of 30-Apr-2023)
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Sector Allocation As % Of Nav (As of 30-Apr-2023)

Fund Information

  • Inception : 12/11/2021
  • Entry Load : Nil
  • Exit Load : 12% of the units all   ...more
NAV in INR as on 09-Jun-2023
Additional Fund Information as on 30-Apr-2023
  • Fund Size in INR (CR) 1,032.68
  • Portfolio Turnover 0.44
  • Expense Ratio (%) 2.14
  • Expense Ratio (Direct) (%) 0.36
  • First Tier Benchmark(s) NIFTY 50 Hybrid Composite debt 50:50 Index
  • Fund Manager Mr. Yogesh Patil (Equity Portfolio), Mr. Jaiprakash Toshniwal (Equity Portfolio) / Mr. Rahul Singh (Debt Portfolio)
Net equity allocation of the portfolio for the week ended 2nd June 2023
  • Net Equity Allocation 64.38
Performance

  • Lumpsum

Investment Strategy

The Fund will allocate money to equity and fixed income asset classes based on the percentage allocation suggested by internal model developed by LIC Mutual Fund. Internal Model is a unique model derives the equity asset allocation after taking into account valuation ratios such as PE, P/BV, Mcap to GDP and prevailing interest rate (Like 10 year Gsec, Reverse repo). The model is designed to reduce the human bias and manages asset allocation across equity and debt in different market phases. The key attribute of the model is as below:
  • The model takes into account the historical trend and Forward estimates of PE, Earnings yield P/B and Mcap to GDP. The range is decided based on the last more than 10 year historical data points.
  • The PE range is decided on the base of the prevailing interest rate and the earnings yield. This way, we try to capture the effect on interest rate on the PE.
  • The equity allocation across range is decided based on the linear progression model between the derived range of the valuation inputs

    • WHY CHOOSE LIC MF BALANCED ADVANTAGE FUND?

  • May reduce the impact of losses in adverse market conditions on predefined parameters.
  • Circle-imgOptimum Asset allocation – Allocation through Fundamental Based Mathematical Model (FMM).
  • Circle-imgTax efficiency – The fund endeavours to keep its gross equity exposure greater than or equal to 65% to enable investors to avail equity taxation Benefit.
  • Circle-imgAim to generate near equity returns with lower volatility.

    • WHO SHOULD INVEST?

  • Investors looking for long term wealth creations.
  • Circle-imgInvestors looking for diversification of investments.
  • Circle-imgInvestors who are looking for product with lower volatility than the pure equity product.
  • Circle-imgInvestors who are uncomfortable buying stocks at extremely high valuations.

    • How does the fund work?

    Where will the fund invest?

    The corpus of the Scheme shall be invested in any (but not exclusively) of the following securities:

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    Equity and equity- related securities

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    Derivative Instruments

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    Debt and Money Market securities

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    Any other eligible instruments

    How do we invest?

    Deciding the asset allocation – We input various parameters such as interest rate, future earnings yield and price to earnings ratio in our model. The model output is the net equity exposure, basis on which we calculate the mix between net equity exposure, arbitrage and debt.

    Stock / security selection – We select stocks based on our internal research and investment framework. The portfolio is constructed keeping in mind the investment objective of the fund.

    Rebalance of Asset allocation – We rebalance the asset allocation based on the model output.

    Rebalance of portfolio – The stock selection is on the discretion of the Fund manager. Fund Manager looks into various aspects of business environments including valuations and other parameter while rebalancing the portfolio with an objective of optimizing the returns.

    Fund Documents

    Fund Documents Documents PDF
    Fact Sheet pdf-icon
    Scheme Information Document pdf-icon
    KIM and Application form pdf-icon
    Product Leaflet pdf-icon
    Product Presentation pdf-icon
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    ““On the occasion of HOLI, LIC MF CHANDIGARH, DELHI, GURUGRAM, KANPUR, LUCKNOW, VARANASI will remain closed on 08th March 2023. As per the notification issued by respective State Govt.” | Investor are requested to note that, pursuant to SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2020/175 dated September 17, 2020 read with circular no. SEBI/HO/IMD/DF2/CIR/P/2020/253 dated December 31, 2020, effective from February 1, 2021, the applicable NAV in respect of purchase of units of mutual fund scheme shall be subject to realization & availability of the funds in the bank account of mutual fund before the applicable cut off timings, irrespective of the amount of investment, under all mutual fund schemes. To know more about payment modes available : CLICK HERE   |   Pursuant to the guidelines received from AMFI and latest directives of Central & State Governments and Municipal authorities, branch offices of LIC MF AMC and the ISCs (“Official Points of Acceptance”) of the RTA (M/s. KFin Technologies Pvt. Ltd) shall be closed effective 23-March-2020 and thereby no physical transactions shall be accepted till situation improves. Investors are requested to only adopt online means of transacting. For more information click here | KYC IS ONE TIME EXERCISE WHILE DEALING IN SECURITIES MARKET - ONCE KYC IS DONE THROUGH A SEBI REGISTERED INTERMEDIARY {MUTUAL FUND, BROKER, DEPOSITORY, PARTICIPANTS, ETC.}, YOU NEED NOT UNDERGO THE SAME PROCESS AGAIN WHEN YOU APPROACH ANOTHER INTERMEDIARY