Mumbai, 14 September, 2024: Launched in August 2021, SBI Balanced Advantage Fund which mobilised the highest collection ever in a New Fund Offer of over Rs. 14,600 crores has completed 3 years. The scheme has generated 14.11% return since inception (August 31, 2021) vis-à-vis 10.58% of its benchmark NIFTY 50 Hybrid Composite Debt 50:50 Index and 14.15% of BSE Sensex. If someone invested a lumpsum of Rs 1 lakh in the scheme when it was launched, the investment would have been worth Rs. 1,48,630 as on August 31, 2024.

The investment objective of the scheme is to provide long term capital appreciation and income from a dynamic mix of equity and debt investments. However, there can be no assurance that the investment objective of the Scheme will be realized.

As of August 31, 2024, the Scheme has an exposure 30.37% to equity with the balance invested in debt.

Over the past 1 year, the scheme has delivered CAGR returns of 24.17% vis-à-vis 19.98% by the scheme’s benchmark (NIFTY 50 Hybrid Composite Debt 50:50 Index).

If a monthly SIP would have been made in the scheme of Rs. 10,000 since inception (Rs. 3.60 lakhs invested), it would be worth Rs.4,72,894 lakh as on August 31, 2024.

The AUM of the scheme stands at Rs. 32,440.95 crores as on 31st August 2024 with over 5.97 lakh folios. The fund managers of the scheme are Dinesh Balachandran, Head of Equity, overseeing the equity investments, Rajeev Radhakrishnan, CIO – Fixed Income and Mansi Sajeja serving as the co-fund managers for debt (since November 2023) along with Pradeep Kesavan who manages overseas investments.