| Tata Balanced Advantage Fund (An open ended dynamic asset allocation fund.) |
| Tata Balanced Advantage Fund (An open ended dynamic asset allocation fund.) |
As on 30th November 2024
|
INVESTMENT STYLE:
MINIMUM INVESTMENT/
MULTIPLES FOR NEW INVESTMENT:
MULTIPLES FOR EXISTING INVESTORS:
Please refer to our Tata Mutual Fund website for fundamental changes, wherever applicable
Dynamically investing in equity and equity related instruments, equity arbitrage opportunities and debt and money market instruments.
INVESTMENT OBJECTIVE:The investment objective of the Scheme is to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
DATE OF ALLOTMENT:January 28,2019
FUND MANAGER(S)Rahul Singh ( Unhedged Equity Portfolio ) (Managing Since 28-Jan-19 and overall experience of 28 years), Sailesh Jain (Hedged / Derivative exposure) (Managing Since 28-Jan-19 and overall experience of 21 years), Akhil Mittal ( Fixed Income Portfolio) (Managing Since 28-Jan-19 and overall experience of 22 years)
BENCHMARK:CRISIL Hybrid 50+50 - Moderate Index
NAV (in Rs.)| Direct - IDCW | : 21.9392 |
| Direct - Growth | : 21.9392 |
| Regular - IDCW | : 19.9704 |
| Regular - Growth | : 19.9704 |
| FUND SIZE | |
| Rs. 10258.19 (Rs. in Cr.) | |
| MONTHLY AVERAGE AUM | |
| Rs. 10249.14 (Rs. in Cr.) | |
| TURN OVER | |
| Portfolio Turnover (Equity component only) | 30.47% |
| EXPENSE RATIO** | |
| Direct | 0.41 |
| Regular | 1.70 |
| **Note: The rates specified are actual month end expenses charged as on Nov 30, 2024. The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, borrowing cost, wherever applicable. | |
| VOLATILITY MEASURES^ | FUND | BENCHMARK |
| Std. Dev (Annualised) | 6.42 | 7.26 |
| Sharpe Ratio | 0.70 | 0.57 |
| Portfolio Beta | 0.84 | NA |
| R Squared | 0.95 | NA |
| Treynor | 0.45 | NA |
| Jenson | 0.08 | NA |
| Portfolio Macaulay Duration | : | 2.52 Years |
| Modified Duration | : | 2.40 Years |
| Average Maturity | : | 4.04 Years |
| Annualized Yield to Maturity (For Debt Component)* | ||
| - Including Net Current Assets | : | 7.39% |
| *Computed on the invested amount for debt portfolio | ||
| Total stock in Portfolio | : | 72 |
| ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.76% as
on Nov 29, 2024 For calculation methodology | ||
MULTIPLES FOR NEW INVESTMENT:
Rs. 5,000/- and in multiples of Re. 1/- thereafter.
ADDITIONAL INVESTMENT/MULTIPLES FOR EXISTING INVESTORS:
Rs. 1,000/- and in multiples of Re. 1/- thereafter.
LOAD STRUCTURE:| ENTRY LOAD | Not Applicable |
| EXIT LOAD |
1) Redemption/Switch-out/SWP/STP on orbefore expiry of 90 days
from the date of allotment: If the withdrawal amount or switched out
amount is not more than 12% of the original cost of investment - NIL. 2) Redemption/Switch-out/SWP/STP on or before expiry of 90 days from the date of allotment: If the withdrawal amount or switched out amount is more than 12% of the original cost of investment - 1%. 3) Redemption / Switch-out/SWP/STP after expiry of 90 days from the date of allotment - NIL. w.e.f. 07 Jan, 2022 |
Please refer to our Tata Mutual Fund website for fundamental changes, wherever applicable
| Company Name | % of assets | ||
| Equity & Equity Related Total | 68.71 | ||
| Unhedge Positions | 48.19 | ||
| Auto Components | |||
| Craftsman Automation Ltd. | 0.34 | ||
| Automobiles | |||
| Mahindra & Mahindra Ltd. | 1.31 | ||
| Tata Motors Ltd. | 0.66 | ||
| Hero Motocorp Ltd. | 0.62 | ||
| Bajaj Auto Ltd. | 0.00 | ||
| Banks | |||
| HDFC Bank Ltd. | 3.62 | ||
| ICICI Bank Ltd. | 2.81 | ||
| Axis Bank Ltd. | 1.14 | ||
| State Bank Of India | 1.13 | ||
| Indusind Bank Ltd. | 0.74 | ||
| Kotak Mahindra Bank Ltd. | 0.70 | ||
| Federal Bank Ltd. | 0.60 | ||
| Beverages | |||
| Varun Beverages Ltd. | 0.29 | ||
| United Spirits Ltd. | 0.00 | ||
| Capital Markets | |||
| HDFC Asset Management Company Ltd. | 0.22 | ||
| Cement & Cement Products | |||
| Ultratech Cement Ltd. | 0.68 | ||
| Ambuja Cements Ltd. | 0.50 | ||
| Grasim Industries Ltd. (Partly Paid) (09-01-2024) | 0.03 | ||
| Grasim Industries Ltd. | 0.01 | ||
| ACC Ltd. | 0.00 | ||
| Construction | |||
| Larsen & Toubro Ltd. | 1.70 | ||
| Diversified Fmcg | |||
| ITC Ltd. | 0.83 | ||
| Hindustan Unilever Ltd. | 0.51 | ||
| Electrical Equipment | |||
| Kec International Ltd. | 0.90 | ||
| Siemens Ltd. | 0.52 | ||
| Abb India Ltd. | 0.29 | ||
| Waaree Energies Ltd. | 0.17 | ||
| Entertainment | |||
| Pvr Inox Ltd. | 0.35 | ||
| Ferrous Metals | |||
| Tata Steel Ltd. | 0.00 | ||
| Fertilizers & Agrochemicals | |||
| Pi Industries Ltd. | 0.68 | ||
| Upl Ltd. - (Partly Paidup) Right Entitlements - 26-11-2024 | 0.02 | ||
| Finance | |||
| Bajaj Finance Ltd. | 0.81 | ||
| Mahindra And Mahindra Financial Services Ltd. | 0.40 | ||
| Bajaj Finserv Ltd. | 0.31 | ||
| Gas | |||
| Gail ( India ) Ltd. | 0.19 | ||
| Healthcare Services | |||
| Apollo Hospitals Enterprise Ltd. | 0.98 | ||
| Dr. Lal Path Labs Ltd. | 0.47 | ||
| It - Software | |||
| Infosys Ltd. | 1.40 | ||
| Tata Consultancy Services Ltd. | 1.33 | ||
| HCL Technologies Ltd. | 0.85 | ||
| Tech Mahindra Ltd. | 0.19 | ||
| Industrial Products | |||
| Cummins India Ltd. | 1.10 | ||
| Insurance | |||
| HDFC Life Insurance Co. Ltd. | 0.77 | ||
| Niva Bupa Health Insurance Company Ltd. | 0.69 | ||
| ICICI Lombard General Insurance Co. Ltd. | 0.58 | ||
| ICICI Prudential Life Insurance Company Ltd. | 0.50 | ||
| Sbi Life Insurance Company Ltd. | 0.00 | ||
| Leisure Services | |||
| Indian Hotels Co. Ltd. | 0.13 | ||
| Yatra Online Ltd. | 0.03 | ||
| Oil | |||
| Oil & Natural Gas Co. | 0.36 | ||
| Personal Products | |||
| Dabur India Ltd. | 0.44 | ||
| Petroleum Products | |||
| Reliance Industries Ltd. | 3.03 | ||
| Bharat Petroleum Corporation Ltd. | 0.52 | ||
| Pharmaceuticals & Biotechnology | |||
| Sun Pharmaceutical Industries Ltd. | 0.98 | ||
| Cipla Ltd. | 0.85 | ||
| Dr Reddys Laboratories Ltd. | 0.55 | ||
| Alkem Laboratories Ltd. | 0.48 | ||
| Power | |||
| Power Grid Corporation Of India Ltd. | 1.12 | ||
| NTPC Ltd. | 1.07 | ||
| Tata Power Company Ltd. | 0.20 | ||
| Realty | |||
| Godrej Properties Ltd. | 0.73 | ||
| Brookfield India Real Estate Trust | 0.67 | ||
| Nexus Select Trust | 0.66 | ||
| Dlf Ltd. | 0.49 | ||
| Retailing | |||
| Zomato Ltd. | 0.27 | ||
| Telecom - Services | |||
| Bharti Airtel Ltd. | 1.63 | ||
| Altius Telecom Infrastructure Trust | 0.75 | ||
| Indus Towers Ltd. | 0.35 | ||
| Transport Infrastructure | |||
| Adani Ports And Special Economic Zone Ltd. | 0.94 | ||
| Company Name | % to NAV | % to NAV Derivatives | |
| Hedge Positions | 20.52 | -24.27 | |
| S&P Cnx Nifty | |||
| S&P Cnx Nifty- Future | -3.62 | ||
| Tata Consultancy Services Ltd. | 1.92 | ||
| Tata Consultancy Services Ltd.- Future | -1.93 | ||
| State Bank Of India | 1.73 | ||
| State Bank Of India- Future | -1.74 | ||
| Bharti Airtel Ltd. | 1.21 | ||
| Bharti Airtel Ltd.- Future | -1.21 | ||
| Dlf Ltd. | 1.06 | ||
| Dlf Ltd.- Future | -1.07 | ||
| Hindalco Industries Ltd. | 0.97 | ||
| Hindalco Industries Ltd.- Future | -0.98 | ||
| ITC Ltd. | 0.98 | ||
| ITC Ltd.- Future | -0.98 | ||
| HDFC Bank Ltd. | 0.96 | ||
| HDFC Bank Ltd.- Future | -0.97 | ||
| Power Grid Corporation Of India Ltd. | 0.81 | ||
| Power Grid Corporation Of India Ltd.- Future | -0.82 | ||
| Polycab India Ltd. | 0.74 | ||
| Polycab India Ltd.- Future | -0.74 | ||
| Tech Mahindra Ltd. | 0.72 | ||
| Tech Mahindra Ltd.- Future | -0.73 | ||
| Hindustan Unilever Ltd. | 0.69 | ||
| Hindustan Unilever Ltd.- Future | -0.69 | ||
| Reliance Industries Ltd. | 0.66 | ||
| Reliance Industries Ltd.- Future | -0.67 | ||
| Tata Power Company Ltd. | 0.64 | ||
| Tata Power Company Ltd.- Future | -0.64 | ||
| Wipro Ltd. | 0.60 | ||
| Wipro Ltd.- Future | -0.60 | ||
| Upl Ltd. | 0.56 | ||
| Upl Ltd.- Future | -0.56 | ||
| Mahindra & Mahindra Ltd. | 0.48 | ||
| Mahindra & Mahindra Ltd.- Future | -0.49 | ||
| Tata Chemicals Ltd. | 0.49 | ||
| Tata Chemicals Ltd.- Future | -0.49 | ||
| United Spirits Ltd. | 0.49 | ||
| United Spirits Ltd.- Future | -0.49 | ||
| Grasim Industries Ltd. | 0.46 | ||
| Grasim Industries Ltd.- Future | -0.46 | ||
| Larsen & Toubro Ltd. | 0.37 | ||
| Larsen & Toubro Ltd.- Future | -0.38 | ||
| ACC Ltd. | 0.36 | ||
| ACC Ltd.- Future | -0.37 | ||
| Sbi Life Insurance Company Ltd. | 0.32 | ||
| Sbi Life Insurance Company Ltd.- Future | -0.33 | ||
| Cipla Ltd. | 0.32 | ||
| Cipla Ltd.- Future | -0.32 | ||
| Infosys Ltd. | 0.30 | ||
| Infosys Ltd.- Future | -0.30 | ||
| Indian Hotels Co. Ltd. | 0.28 | ||
| Indian Hotels Co. Ltd.- Future | -0.28 | ||
| Apollo Hospitals Enterprise Ltd. | 0.24 | ||
| Apollo Hospitals Enterprise Ltd.- Future | -0.24 | ||
| HDFC Asset Management Company Ltd. | 0.24 | ||
| HDFC Asset Management Company Ltd.- Future | -0.24 | ||
| Jsw Steel Ltd. | 0.21 | ||
| Jsw Steel Ltd.- Future | -0.22 | ||
| Tata Steel Ltd. | 0.22 | ||
| Tata Steel Ltd.- Future | -0.22 | ||
| Abb India Ltd. | 0.21 | ||
| Abb India Ltd.- Future | -0.21 | ||
| ICICI Bank Ltd. | 0.20 | ||
| ICICI Bank Ltd.- Future | -0.20 | ||
| Bajaj Auto Ltd. | 0.18 | ||
| Bajaj Auto Ltd.- Future | -0.18 | ||
| Federal Bank Ltd. | 0.16 | ||
| Federal Bank Ltd.- Future | -0.16 | ||
| Bajaj Finserv Ltd. | 0.14 | ||
| Bajaj Finserv Ltd.- Future | -0.14 | ||
| Gail ( India ) Ltd. | 0.14 | ||
| Gail ( India ) Ltd.- Future | -0.14 | ||
| Aarti Industries Ltd. | 0.13 | ||
| Aarti Industries Ltd.- Future | -0.13 | ||
| NTPC Ltd. | 0.13 | ||
| NTPC Ltd.- Future | -0.13 | ||
| Axis Bank Ltd. | 0.10 | ||
| Axis Bank Ltd.- Future | -0.10 | ||
| HCL Technologies Ltd. | 0.10 | ||
| HCL Technologies Ltd.- Future | -0.10 | ||
| Name of the Instrument | Ratings | Market Value Rs. Lakhs | % to NAV |
| Debt Instruments | |||
| Government Securities | 89537.97 | 8.73 | |
| GOI - 5.63% (12/04/2026) | SOV | 15776.30 | 1.54 |
| GOI - 7.09% (05/08/2054) | SOV | 12610.40 | 1.23 |
| GOI - 5.74% (15/11/2026) | SOV | 7861.03 | 0.77 |
| GOI - 7.32% (13/11/2030) | SOV | 7704.75 | 0.75 |
| GOI - 5.22% (15/06/2025) | SOV | 6449.59 | 0.63 |
| GOI - 7.10% (08/04/2034) | SOV | 5108.75 | 0.50 |
| Sgs Maharashtra 7.32% (31/05/2032) | SOV | 5053.39 | 0.49 |
| GOI - 7.34% (22/04/2064) | SOV | 4356.91 | 0.42 |
| Sgs Karnataka 7.42% (06/03/2035) | SOV | 4078.48 | 0.40 |
| GOI - 7.18% (14/08/2033) | SOV | 3582.31 | 0.35 |
| Sgs Andhra Pradesh 7.70% (06/12/2029) | SOV | 2572.24 | 0.25 |
| GOI - 5.15% (09/11/2025) | SOV | 2465.41 | 0.24 |
| SDL Tamilnadu 6.53% (06/01/2031) | SOV | 2425.36 | 0.24 |
| SDL Madhya Pradesh 6.69% (17/03/2025) | SOV | 2500.47 | 0.24 |
| SDL Karnataka 6.83% (15/12/2031) | SOV | 1966.18 | 0.19 |
| Sgs Karnataka 7.45% (20/03/2037) | SOV | 1532.18 | 0.15 |
| Sgs Gujarat 7.68% (15/02/2030) | SOV | 1535.60 | 0.15 |
| SDL Tamilnadu 6.95% (07/07/2031) | SOV | 495.00 | 0.05 |
| SDL Haryana 7.86% (27/12/2027) | SOV | 511.96 | 0.05 |
| GOI - 6.97% (06/09/2026) | SOV | 502.25 | 0.05 |
| Sgs Uttar Pradesh 7.49% (27/03/2036) | SOV | 227.25 | 0.02 |
| Sgs Rajasthan 7.36% (24/07/2034) | SOV | 201.50 | 0.02 |
| Sgs Uttar Pradesh 7.70% (22/11/2035) | SOV | 3.54 | 0.00 |
| GOI - 5.77% (03/08/2030) | SOV | 1.62 | 0.00 |
| Sgs Karnataka 7.73% (03/01/2035) | SOV | 15.50 | 0.00 |
| Non-Convertible Debentures/Bonds/Zcb | 133852.50 | 13.07 | |
| 07.44 % Small Indust Devlop Bank Of India | CRISIL AAA | 9985.00 | 0.97 |
| 07.59 % Power Finance Corporation | CRISIL AAA | 7538.66 | 0.73 |
| LIC Housing Finance Ltd. - Zcb | CRISIL AAA | 6742.12 | 0.66 |
| 07.85 % Interise Trust | ICRA AAA | 5805.47 | 0.57 |
| 07.58 % Rec Ltd. | CRISIL AAA | 5034.63 | 0.49 |
| 07.84 % Tata Capital Housing Finance Ltd. | CRISIL AAA | 5003.80 | 0.49 |
| 07.15 % Small Indust Devlop Bank Of India | CRISIL AAA | 4981.27 | 0.49 |
| 07.80 % Bajaj Finance Ltd. | CRISIL AAA | 5000.26 | 0.49 |
| 08.15 % Godrej Properties Ltd. | ICRA AA+ | 4995.42 | 0.49 |
| 07.74 % LIC Housing Finance Ltd. | CRISIL AAA | 5017.25 | 0.49 |
| 06.75 % Sikka Ports And Terminals Ltd. (Mukesh Ambani Group) | CRISIL AAA | 4938.20 | 0.48 |
| 05.81 % Rec Ltd. | CRISIL AAA | 4908.23 | 0.48 |
| 09.03 % Credila Financial Services Ltd. | ICRA AA | 4007.36 | 0.39 |
| 06.70 % Tata Capital Ltd. | CRISIL AAA | 3975.47 | 0.39 |
| 08.30 % Rec Ltd. | CRISIL AAA | 3441.04 | 0.34 |
| 08.60 % Cholamandalam Invt & Fin Co Ltd. | ICRA AA+ | 3029.24 | 0.30 |
| 07.41 % Indian Railways Finance Corporation Ltd. | CRISIL AAA | 3000.39 | 0.29 |
| 07.73 % LIC Housing Finance Ltd. | CRISIL AAA | 2541.69 | 0.25 |
| 07.57 % Power Finance Corporation | CRISIL AAA | 2538.91 | 0.25 |
| 07.80 % Nabard | CRISIL AAA | 2512.25 | 0.24 |
| 08.50 % Muthoot Finance Ltd. | CRISIL AA+ | 2493.49 | 0.24 |
| 08.30 % Godrej Properties Ltd. | ICRA AA+ | 2506.59 | 0.24 |
| 08.30 % Cholamandalam Invt & Fin Co Ltd. | ICRA AA+ | 2499.64 | 0.24 |
| 07.34 % Rec Ltd. | CRISIL AAA | 2501.35 | 0.24 |
| 07.51 % Small Indust Devlop Bank Of India | CRISIL AAA | 2500.22 | 0.24 |
| 08.94 % Shriram Housing Finance Ltd. | CRISIL AA+ | 2502.80 | 0.24 |
| 07.50 % Nabard | CRISIL AAA | 2495.09 | 0.24 |
| 07.58 % Nabard | CRISIL AAA | 2497.95 | 0.24 |
| L&T Finance Ltd. - Zcb | CRISIL AAA | 2386.85 | 0.23 |
| 08.47 % LIC Housing Finance Ltd. | CRISIL AAA | 2018.99 | 0.20 |
| 07.70 % Rec Ltd. | CRISIL AAA | 2001.27 | 0.20 |
| 07.84 % Hdb Financial Services Ltd. (HDFC Ltd.) | CRISIL AAA | 1495.76 | 0.15 |
| 08.52 % LIC Housing Finance Ltd. | CRISIL AAA | 1502.45 | 0.15 |
| 07.47 % Small Indust Devlop Bank Of India | CRISIL AAA | 1496.16 | 0.15 |
| 08.20 % Tata Projects Ltd. | CRISIL AA | 1499.86 | 0.15 |
| 06.92 % Rec Ltd. | CRISIL AAA | 1465.26 | 0.14 |
| 07.43 % Small Indust Devlop Bank Of India | CRISIL AAA | 997.12 | 0.10 |
| 07.08 % Cholamandalam Invt & Fin Co Ltd. | ICRA AA+ | 996.71 | 0.10 |
| 07.13 % Nhpc Ltd. | ICRA AAA | 498.83 | 0.05 |
| 08.95 % Indian Railways Finance Corporation Ltd. | CRISIL AAA | 502.10 | 0.05 |
| 08.43 % HDFC Bank Ltd. | ICRA AAA | 500.44 | 0.05 |
| 07.22 % Tata Capital Ltd. | CRISIL AAA | 497.12 | 0.05 |
| 09.18 % Nuclear Power Corp Ltd. | CRISIL AAA | 501.28 | 0.05 |
| 07.17 % Power Finance Corporation | CRISIL AAA | 498.51 | 0.05 |
| Securitised Debt Privately Placed/ Unlisted | 16917.22 | 1.66 | |
| 08.85 % Sansar June 2024 Trust | CRISIL AAA(SO) | 10042.00 | 0.98 |
| 08.20 % India Universal Trust Al1 | IND AAA(SO) | 4573.28 | 0.45 |
| 08.03 % India Universal Trust Al2 | CRISIL AAA(SO) | 1599.68 | 0.16 |
| 08.17 % India Universal Trust Al2 | CRISIL AAA(SO) | 702.26 | 0.07 |
| Name of the Instrument | Units | Market Value Rs. Lakhs | % to NAV |
| Mutual Fund Units Related | 6785.37 | 0.66 | |
| Mutual Fund Units | |||
| Tata Corporate Bond Fund | 42248314.31 | 5067.01 | 0.49 |
| Tata Nifty G-Sec Dec 2026 Index Fund | 14999250.04 | 1718.36 | 0.17 |
| Treps | 29246.35 | 2.85 | |
| Repo | 19343.50 | 1.89 | |
| Portfolio Total | 1000269.37 | 97.58 | |
| Cash / Net Current Asset | 25549.18 | 2.42 | |
| Net Assets | 1025818.55 | 100.00 | |
| Issuer Name | % to NAV |
| HDFC Bank Ltd. | 4.58 |
| Reliance Industries Ltd. | 3.69 |
| Tata Consultancy Services Ltd. | 3.25 |
| ICICI Bank Ltd. | 3.01 |
| State Bank Of India | 2.85 |
| Bharti Airtel Ltd. | 2.83 |
| Larsen & Toubro Ltd. | 2.07 |
| Power Grid Corporation Of India Ltd. | 1.94 |
| ITC Ltd. | 1.81 |
| Mahindra & Mahindra Ltd. | 1.79 |
| Total | 27.82 |
| Large Cap | 80.42% |
| Mid Cap | 12.93% |
| Small Cap | 6.66% |
| Market Capitalisation is as per list provided by AMFI. | |
