SBI Balanced Advantage Fund completes 3 years, has offered 14.11% returns since inception
SBI Balanced Advantage Fund has achieved a milestone of completing three years. It is an open-ended dynamic asset allocation fund.
The scheme is benchmarked against NIFTY 50 Hybrid Composite Debt 50:50 Index. The fund is managed by Dinesh Balachandran, Rajeev Radhakrishnan, Mansi Sajeja, and Pradeep Kesavan.
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Launched in August 2021, the fund mobilised the highest collection ever in a new fund offer of over Rs 14,600 crore. The scheme has offered 14.11% returns since inception against 10.58% by its benchmark (NIFTY 50 Hybrid Composite Debt 50:50 Index). In the last one year, the scheme gave 24.17% return against 19.98% by its benchmark.
If someone invested a lumpsum of Rs 1 lakh in the scheme at the time of inception, the investment would have been Rs 1.48 lakh as on August 31, 2024. A monthly SIP of Rs 10,000 since inception would have been Rs 4.72 lakh as on August 31, 2024.
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