| Tata Balanced Advantage Fund (An open ended dynamic asset allocation fund.) |
| Tata Balanced Advantage Fund (An open ended dynamic asset allocation fund.) |
As on 31st May 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 (Managing Since 09-Jan-19 and overall experience of 28 years), Sailesh Jain (Managing Since 09-Jan-19 and overall experience of 21 years), Akhil Mittal (Managing Since 09-Jan-19 and overall experience of 22 years)
BENCHMARK:CRISIL Hybrid 50+50 - Moderate Index
NAV| Direct - IDCW | : 20.8701 |
| Direct - Growth | : 20.8701 |
| Regular - IDCW | : 19.1227 |
| Regular - Growth | : 19.1227 |
| FUND SIZE | |
| Rs. 9275.70 (Rs. in Cr.) | |
| MONTHLY AVERAGE AUM | |
| Rs. 9215.31 (Rs. in Cr.) | |
| TURN OVER | |
| Portfolio Turnover (Equity component only) | 36.55% |
| EXPENSE RATIO** | |
| Direct | 0.36 |
| Regular | 1.69 |
| **Note: The rates specified are actual month end expenses charged as on May 31, 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) | 5.99 | 6.98 |
| Sharpe Ratio | 0.85 | 0.62 |
| Portfolio Beta | 0.81 | NA |
| R Squared | 0.94 | NA |
| Treynor | 0.53 | NA |
| Jenson | 0.14 | NA |
| Portfolio Macaulay Duration | : | 2.08 Years |
| Modified Duration | : | 1.97 Years |
| Average Maturity | : | 2.70 Years |
| Annualized Yield to Maturity (For Debt Component)* | ||
| - Including Net Current Assets | : | 7.54% |
| *Computed on the invested amount for debt portfolio | ||
| Total stock in Portfolio | : | 63 |
| ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.76% as
on May 31, 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 | 66.99 | ||
| Unhedge Positions | 48.28 | ||
| Agricultural Food & Other Products | |||
| Tata Consumer Products Ltd. | 0.27 | ||
| Agricultural, Commercial & Construction Vehicles | |||
| Ashok Leyland Ltd. | 0.62 | ||
| Automobiles | |||
| Mahindra & Mahindra Ltd. | 1.11 | ||
| Tata Motors Ltd. | 1.01 | ||
| Hero Motocorp Ltd. | 0.46 | ||
| Eicher Motors Ltd. | 0.00 | ||
| Banks | |||
| HDFC Bank Ltd. | 3.65 | ||
| ICICI Bank Ltd. | 3.14 | ||
| State Bank Of India | 2.10 | ||
| Axis Bank Ltd. | 1.40 | ||
| Indusind Bank Ltd. | 0.76 | ||
| Kotak Mahindra Bank Ltd. | 0.72 | ||
| Federal Bank Ltd. | 0.67 | ||
| Beverages | |||
| Varun Beverages Ltd. | 0.28 | ||
| United Spirits Ltd. | 0.00 | ||
| Capital Markets | |||
| HDFC Asset Management Company Ltd. | 0.55 | ||
| Cement & Cement Products | |||
| ACC Ltd. | 1.08 | ||
| Ambuja Cements Ltd. | 0.66 | ||
| Ultratech Cement Ltd. | 0.58 | ||
| Grasim Industries Ltd. | 0.46 | ||
| Grasim Industries Ltd. (Partly Paid) (09-01-2024) | 0.02 | ||
| Construction | |||
| Larsen & Toubro Ltd. | 2.09 | ||
| Consumer Durables | |||
| Bata India Ltd. | 0.18 | ||
| Diversified Fmcg | |||
| ITC Ltd. | 0.59 | ||
| Hindustan Unilever Ltd. | 0.58 | ||
| Electrical Equipment | |||
| Kec International Ltd. | 0.71 | ||
| Siemens Ltd. | 0.64 | ||
| Abb India Ltd. | 0.47 | ||
| Entertainment | |||
| Pvr Inox Ltd. | 0.32 | ||
| Ferrous Metals | |||
| Tata Steel Ltd. | 0.00 | ||
| Fertilizers & Agrochemicals | |||
| Pi Industries Ltd. | 0.65 | ||
| Finance | |||
| Mahindra And Mahindra Financial Services Ltd. | 0.43 | ||
| Gas | |||
| Gail ( India ) Ltd. | 0.49 | ||
| Healthcare Services | |||
| Apollo Hospitals Enterprise Ltd. | 1.07 | ||
| It - Software | |||
| Tata Consultancy Services Ltd. | 1.65 | ||
| Infosys Ltd. | 0.99 | ||
| HCL Technologies Ltd. | 0.80 | ||
| Industrial Products | |||
| Cummins India Ltd. | 1.23 | ||
| Insurance | |||
| ICICI Lombard General Insurance Co. Ltd. | 0.54 | ||
| ICICI Prudential Life Insurance Company Ltd. | 0.34 | ||
| Leisure Services | |||
| Indian Hotels Co. Ltd. | 0.40 | ||
| Yatra Online Ltd. | 0.17 | ||
| Petroleum Products | |||
| Reliance Industries Ltd. | 3.22 | ||
| Bharat Petroleum Corporation Ltd. | 0.33 | ||
| Pharmaceuticals & Biotechnology | |||
| Cipla Ltd. | 1.15 | ||
| Sun Pharmaceutical Industries Ltd. | 0.86 | ||
| Dr Reddys Laboratories Ltd. | 0.59 | ||
| Alkem Laboratories Ltd. | 0.00 | ||
| Power | |||
| NTPC Ltd. | 1.70 | ||
| Power Grid Corporation Of India Ltd. | 1.48 | ||
| Realty | |||
| Dlf Ltd. | 0.80 | ||
| Brookfield India Real Estate Trust | 0.64 | ||
| Godrej Properties Ltd. | 0.00 | ||
| Telecom - Services | |||
| Bharti Airtel Ltd. | 1.74 | ||
| Data Infrastructure Trust | 0.87 | ||
| Transport Infrastructure | |||
| Adani Ports And Special Economic Zone Ltd. | 1.02 | ||
| Company Name | % to NAV | % to NAV Derivatives | |
| Hedge Positions | 18.71 | -21.54 | |
| S&P Cnx Nifty | |||
| S&P Cnx Nifty- Future | -2.74 | ||
| Hindalco Industries Ltd. | 1.43 | ||
| Hindalco Industries Ltd.- Future | -1.44 | ||
| ITC Ltd. | 1.21 | ||
| ITC Ltd.- Future | -1.19 | ||
| State Bank Of India | 1.16 | ||
| State Bank Of India- Future | -1.17 | ||
| Reliance Industries Ltd. | 1.08 | ||
| Reliance Industries Ltd.- Future | -1.09 | ||
| Axis Bank Ltd. | 1.02 | ||
| Axis Bank Ltd.- Future | -1.03 | ||
| Bharti Airtel Ltd. | 1.00 | ||
| Bharti Airtel Ltd.- Future | -1.00 | ||
| Larsen & Toubro Ltd. | 0.97 | ||
| Larsen & Toubro Ltd.- Future | -0.98 | ||
| Dlf Ltd. | 0.90 | ||
| Dlf Ltd.- Future | -0.91 | ||
| Kotak Mahindra Bank Ltd. | 0.89 | ||
| Kotak Mahindra Bank Ltd.- Future | -0.90 | ||
| Hindustan Unilever Ltd. | 0.79 | ||
| Hindustan Unilever Ltd.- Future | -0.79 | ||
| Tata Power Company Ltd. | 0.78 | ||
| Tata Power Company Ltd.- Future | -0.78 | ||
| Indusind Bank Ltd. | 0.74 | ||
| Indusind Bank Ltd.- Future | -0.75 | ||
| Tata Consultancy Services Ltd. | 0.73 | ||
| Tata Consultancy Services Ltd.- Future | -0.73 | ||
| Tech Mahindra Ltd. | 0.65 | ||
| Tech Mahindra Ltd.- Future | -0.65 | ||
| NTPC Ltd. | 0.62 | ||
| NTPC Ltd.- Future | -0.63 | ||
| Power Grid Corporation Of India Ltd. | 0.60 | ||
| Power Grid Corporation Of India Ltd.- Future | -0.60 | ||
| Ambuja Cements Ltd. | 0.49 | ||
| Ambuja Cements Ltd.- Future | -0.50 | ||
| Dabur India Ltd. | 0.49 | ||
| Dabur India Ltd.- Future | -0.49 | ||
| United Spirits Ltd. | 0.42 | ||
| United Spirits Ltd.- Future | -0.43 | ||
| Apollo Hospitals Enterprise Ltd. | 0.29 | ||
| Apollo Hospitals Enterprise Ltd.- Future | -0.29 | ||
| Hero Motocorp Ltd. | 0.28 | ||
| Hero Motocorp Ltd.- Future | -0.28 | ||
| Ultratech Cement Ltd. | 0.28 | ||
| Ultratech Cement Ltd.- Future | -0.28 | ||
| Divi Laboratories Ltd. | 0.22 | ||
| Divi Laboratories Ltd.- Future | -0.22 | ||
| HCL Technologies Ltd. | 0.21 | ||
| HCL Technologies Ltd.- Future | -0.21 | ||
| Tata Steel Ltd. | 0.20 | ||
| Tata Steel Ltd.- Future | -0.20 | ||
| HDFC Bank Ltd. | 0.17 | ||
| HDFC Bank Ltd.- Future | -0.17 | ||
| Bajaj Finance Ltd. | 0.16 | ||
| Bajaj Finance Ltd.- Future | -0.16 | ||
| Mahindra & Mahindra Ltd. | 0.16 | ||
| Mahindra & Mahindra Ltd.- Future | -0.16 | ||
| Sbi Life Insurance Company Ltd. | 0.16 | ||
| Sbi Life Insurance Company Ltd.- Future | -0.16 | ||
| Abb India Ltd. | 0.15 | ||
| Abb India Ltd.- Future | -0.15 | ||
| Upl Ltd. | 0.15 | ||
| Upl Ltd.- Future | -0.15 | ||
| Jsw Steel Ltd. | 0.13 | ||
| Jsw Steel Ltd.- Future | -0.13 | ||
| ACC Ltd. | 0.08 | ||
| ACC Ltd.- Future | -0.08 | ||
| Adani Ports And Special Economic Zone Ltd. | 0.05 | ||
| Adani Ports And Special Economic Zone Ltd.- Future | -0.05 | ||
| Ashok Leyland Ltd. | 0.05 | ||
| Ashok Leyland Ltd.- Future | -0.05 | ||
| Company Name | Ratings | Market Value Rs. Lakhs | % to NAV |
| Debt Instruments | |||
| Government Securities | 76928.24 | 8.27 | |
| GOI - 5.63% (12/04/2026) | SOV | 15617.81 | 1.68 |
| GOI - 5.74% (15/11/2026) | SOV | 7779.34 | 0.84 |
| GOI - 6.69% (27/06/2024) | SOV | 7498.39 | 0.81 |
| GOI - 5.22% (15/06/2025) | SOV | 6385.42 | 0.69 |
| Sgs Maharashtra 7.32% (31/05/2032) | SOV | 4990.59 | 0.54 |
| Sgs Maharashtra 7.45% (22/03/2039) | SOV | 5032.67 | 0.54 |
| Sgs Karnataka 7.42% (06/03/2035) | SOV | 4010.31 | 0.43 |
| Sgs Maharashtra 7.45% (20/03/2037) | SOV | 4030.15 | 0.43 |
| GOI - 7.18% (14/08/2033) | SOV | 3531.44 | 0.38 |
| Sgs Karnataka 7.45% (20/03/2037) | SOV | 2518.26 | 0.27 |
| SDL Madhya Pradesh 6.69% (17/03/2025) | SOV | 2491.12 | 0.27 |
| Sgs Uttar Pradesh 7.51% (27/03/2040) | SOV | 2524.52 | 0.27 |
| Sgs Karnataka 7.46% (20/03/2038) | SOV | 2519.97 | 0.27 |
| GOI - 5.15% (09/11/2025) | SOV | 2438.02 | 0.26 |
| SDL Tamilnadu 6.53% (06/01/2031) | SOV | 2390.51 | 0.26 |
| SDL Karnataka 6.83% (15/12/2031) | SOV | 1938.32 | 0.21 |
| SDL Tamilnadu 6.95% (07/07/2031) | SOV | 488.27 | 0.05 |
| GOI - 6.97% (06/09/2026) | SOV | 499.22 | 0.05 |
| Sgs Uttar Pradesh 7.49% (27/03/2036) | SOV | 223.59 | 0.02 |
| Sgs Karnataka 7.73% (03/01/2035) | SOV | 15.26 | 0.00 |
| GOI - 5.77% (03/08/2030) | SOV | 1.59 | 0.00 |
| Sgs Uttar Pradesh 7.70% (22/11/2035) | SOV | 3.47 | 0.00 |
| Non-Convertible Debentures/Bonds/Zcb | 151091.75 | 16.28 | |
| 07.44 % Power Finance Corporation | CRISIL AAA | 12462.64 | 1.34 |
| 06.75 % Sikka Ports And Terminals Ltd. (Mukesh Ambani Group) | CRISIL AAA | 9812.67 | 1.06 |
| 07.59 % Power Finance Corporation | CRISIL AAA | 7497.07 | 0.81 |
| 08.15 % Godrej Properties Ltd. | ICRA AA+ | 7463.43 | 0.80 |
| 07.50 % Nabard | CRISIL AAA | 6967.03 | 0.75 |
| LIC Housing Finance Ltd. - Zcb | CRISIL AAA | 6487.91 | 0.70 |
| 07.85 % Interise Trust | ICRA AAA | 5862.82 | 0.63 |
| 08.90 % Bharti Telecom Ltd. | CRISIL AA+ | 5002.95 | 0.54 |
| 07.62 % Nabard | CRISIL AAA | 4991.74 | 0.54 |
| 07.15 % Small Indust Devlop Bank Of India | CRISIL AAA | 4971.64 | 0.54 |
| 07.20 % Exim | CRISIL AAA | 4978.98 | 0.54 |
| 07.82 % Bajaj Finance Ltd. | CRISIL AAA | 4959.44 | 0.53 |
| 06.40 % Jamnagar Utilities & Power Pvt. Ltd. (Mukesh Ambani Group) | CRISIL AAA | 4843.81 | 0.52 |
| 05.81 % Rec Ltd. | CRISIL AAA | 4860.15 | 0.52 |
| 08.30 % Cholamandalam Invt & Fin Co Ltd. | ICRA AA+ | 3985.03 | 0.43 |
| 08.30 % Rec Ltd. | CRISIL AAA | 3446.48 | 0.37 |
| 07.41 % Indian Railways Finance Corporation Ltd. | CRISIL AAA | 2988.84 | 0.32 |
| 07.75 % Tata Capital Housing Finance Ltd. | CRISIL AAA | 2479.06 | 0.27 |
| 07.73 % LIC Housing Finance Ltd. | CRISIL AAA | 2503.08 | 0.27 |
| 07.61 % LIC Housing Finance Ltd. | CRISIL AAA | 2492.74 | 0.27 |
| 06.88 % Rec Ltd. | CRISIL AAA | 2485.20 | 0.27 |
| 08.50 % Muthoot Finance Ltd. | CRISIL AA+ | 2473.70 | 0.27 |
| 08.70 % Bharti Telecom Ltd. | CRISIL AA+ | 2494.74 | 0.27 |
| 08.20 % Tata Realty And Infrastructure Ltd. | ICRA AA+ | 2500.05 | 0.27 |
| 07.57 % Power Finance Corporation | CRISIL AAA | 2517.86 | 0.27 |
| 07.22 % Tata Capital Ltd. | CRISIL AAA | 2472.81 | 0.27 |
| 08.25 % Toyota Financial Services India Ltd. | CRISIL AAA | 2498.31 | 0.27 |
| 06.25 % LIC Housing Finance Ltd. | CRISIL AAA | 2460.05 | 0.27 |
| 06.92 % Power Finance Corporation | CRISIL AAA | 2409.60 | 0.26 |
| 06.40 % LIC Housing Finance Ltd. | CRISIL AAA | 2415.32 | 0.26 |
| 07.70 % Rec Ltd. | CRISIL AAA | 1999.84 | 0.22 |
| 08.47 % LIC Housing Finance Ltd. | CRISIL AAA | 2020.11 | 0.22 |
| 07.53 % L&T Finance Ltd. | CRISIL AAA | 1982.55 | 0.21 |
| 07.75 % Nuvoco Vistas Corporation Ltd. (Nirma Group) | CRISIL AA | 1983.21 | 0.21 |
| 08.52 % LIC Housing Finance Ltd. | CRISIL AAA | 1505.68 | 0.16 |
| 07.92 % Cholamandalam Invt & Fin Co Ltd. | ICRA AA+ | 1490.69 | 0.16 |
| 07.47 % Small Indust Devlop Bank Of India | CRISIL AAA | 1493.12 | 0.16 |
| 07.43 % Small Indust Devlop Bank Of India | CRISIL AAA | 993.10 | 0.11 |
| 06.49 % Yarrow Infrastructure Pvt Ltd. (Sembcorp Group, Temasek) | CRISIL AAA | 864.29 | 0.09 |
| Hdb Financial Services Ltd. (HDFC Ltd.) - Zcb | CRISIL AAA | 563.50 | 0.06 |
| 08.60 % Bharti Telecom Ltd. | CRISIL AA+ | 498.26 | 0.05 |
| 09.18 % Nuclear Power Corp Ltd. | CRISIL AAA | 505.58 | 0.05 |
| 07.13 % Nhpc Ltd. | ICRA AAA | 494.18 | 0.05 |
| 08.95 % Indian Railways Finance Corporation Ltd. | CRISIL AAA | 505.74 | 0.05 |
| 06.49 % Sepset Construction Ltd. (Sembcorp Group, Temasek) | CRISIL AAA | 253.13 | 0.03 |
| 06.49 % Citra Real Estate Ltd. (Sembcorp Group, Temasek) | CRISIL AAA | 153.62 | 0.02 |
| Money Market Instruments | 13722.04 | 1.48 | |
| Treasury Bill 182 Days (01/08/2024) | SOVRN SOV | 4943.00 | 0.53 |
| Barclays Investments & Loans (India) Pvt Ltd. - CP | CRISIL A1+ | 4783.44 | 0.52 |
| Deutsche Investment India Pvt Ltd. - CP | CRISIL A1+ | 2498.49 | 0.27 |
| Godrej Consumer Products Ltd. - CP | CRISIL A1+ | 1497.11 | 0.16 |
| Name of the Instrument | Mkt Val (Rs. Lacs) | % to NAV | |
| Mutual Fund Units Related | 1652.71 | 0.18 | |
| Mutual Fund Units | |||
| Tata Nifty G-Sec Dec 2026 Index Fund | 14999250.04 | 1652.71 | 0.18 |
| Repo | 50883.72 | 5.49 | |
| Portfolio Total | 915969.81 | 98.69 | |
| Cash / Net Current Asset | 11600.48 | 1.31 | |
| Net Assets | 927570.29 | 100.00 | |
| Issuer Name | % to NAV |
| Reliance Industries Ltd. | 4.30 |
| HDFC Bank Ltd. | 3.82 |
| State Bank Of India | 3.25 |
| ICICI Bank Ltd. | 3.14 |
| Larsen & Toubro Ltd. | 3.06 |
| Bharti Airtel Ltd. | 2.74 |
| Axis Bank Ltd. | 2.42 |
| Tata Consultancy Services Ltd. | 2.38 |
| NTPC Ltd. | 2.32 |
| Power Grid Corporation Of India Ltd. | 2.08 |
| Total | 29.51 |
| Large Cap | 84.34% |
| Mid Cap | 12.77% |
| Small Cap | 2.89% |
| Market Capitalisation is as per list provided by AMFI. | |
