Axis Balanced Advantage Fund

Balanced Advantage Funds, also known as dynamic asset allocation funds, are hybrid mutual funds that invest in both equity and fixed-income asset classes. The allocation between these asset classes is adjusted based on market conditions to balance risk and return.

Axis Balanced Advantage Fund, is an open-ended dynamic asset allocation fund. It aims to provide capital appreciation while generating income over the medium to long term by investing in equity, equity-related instruments, debt, and money market instruments.

Investing in a Balanced Advantage Fund can be suitable if you are looking for a balanced approach to investing in both equity and debt, which can help manage risk while aiming for growth. However, it's always best to consult with a financial advisor to determine if it aligns with your investment goals and risk tolerance.

Balanced Advantage Funds are actively managed. The fund manager actively adjusts the allocation between equity and debt based on market conditions and investment strategies.

The benefits of investing in Axis Balanced Advantage Fund include: 

• Capital appreciation while generating income over the medium to long term.
• Active management of asset allocation to balance risk and return.
• Investment in a mix of equity, debt, and money market instruments.

Choosing between equity funds and Balanced Advantage Funds depends on your investment goals and risk tolerance. Equity funds are more suitable for investors looking for higher growth potential and are willing to take on higher risk. Balanced Advantage Funds offer a more balanced approach, with a mix of equity and debt to manage risk while aiming for growth.

You can invest in Axis Balanced Advantage Fund through various channels such as online platforms, mutual fund distributors, or directly through the Axis Mutual Fund website. It's advisable to consult with a financial advisor to guide you through the process.

The tax liability on gains from Balanced Advantage Funds depends on the holding period and the nature of the gains (short-term or long-term). Short-term capital gains (STCG) are taxed at 20%, while long-term capital gains (LTCG) exceeding ₹1.25 lakh are taxed at 12.5% without the benefit of indexation. 

As per the current portfolio (September 30, 2024), 69.72 % of the net assets are invested in equity. Hence, equity taxation would apply

The minimum amount required to invest in Axis Balanced Advantage Fund is Rs. 100 and in multiples of Re. 1/- thereafter. It's best to check the latest information on the Axis Mutual Fund website or consult with a financial advisor for the current minimum investment amount.

Yes, Axis Balanced Advantage Fund allows for Systematic Transfer Plan (STP), Systematic Investment Plan (SIP), and Systematic Withdrawal Plan (SWP) to provide flexibility in managing your investments.

There shall be no entry load for all Mutual Fund schemes. The exit loads for Axis Balanced Advantage Fund are if redeemed / switched-out within 12 months from the date of allotment:. 

For 10% of investments: NIL. For remaining investments: 1% 

If redeemed / switched-out after 12 months from the date of allotment: NIL 

It's best to check the latest information on the Axis Mutual Fund website or consult with a financial advisor for the current charges.

Balanced Advantage Funds are suitable for a wide range of investors, including those looking for a balanced approach to investing in both equity and debt, and those aiming for capital appreciation with managed risk.

Yes, dividends received from Balanced Advantage Funds are subject to tax. The tax rate can vary based on the prevailing tax laws. It's advisable to consult with a tax advisor for the latest information on dividend taxation.