An Open Ended Dynamic Asset Allocation Fund

Nippon India Balanced Advantage Fund attempts to capitalize on the potential upside in equity markets while attempting to limit the downside by dynamically managing the portfolio through investment in equity and active use of debt, money market instruments and derivatives. A model based Dynamic Asset Allocation Fund that aims to offer Triple Benefits of 1. Emotion Free Asset Allocation through Model Based Asset Allocation, 2. Lowers downside risk through hedging and 3. Long Term Alpha – through Active Stock selection and Sector. The fund follows an in-house proprietary Model (which follows Valuations & Trend Following) to determine unhedged equity allocation.
The fund maintains a large cap oriented portfolio diversified across sectors. Debt portfolio is managed conservatively, focused at the shorter end through investment in a combination of liquid and short term fixed income securities.

November 15, 2004

Amar Kalkundrikar
Ashutosh Bhargava
Sushil Budhia

CRISIL Hybrid 50+50 - Moderate Index

Monthly Average :	₹ 6766.14 Cr
Month End :	₹ 6709.53 Cr

Growth Plan	₹ 125.9439
IDCW Plan	₹ 28.2411
Bonus Option	₹ 125.9439
Direct - Growth Plan	₹ 138.5121
Direct - IDCW Plan	₹ 36.6733

Entry Load:	Nil
Exit Load:	10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. • Nil, thereafter.

Standard Deviation	3.75
Beta	1.04
Sharpe Ratio	0.08
Note:The above measures have been calculated using monthly rolling returns for 36 months period with 6.5% risk free return (FBIL Overnight MIBOR as on 31/01/2023).

Portfolio Turnover

3.36

Average Maturity

4.44 Years

Modified Duration

3.01 Years

Annualized portfolio YTM*

7.85%

Macaulay Duration

3.16 Years

*In case of semi annual YTM, it has been annualised

Regular/Other than Direct	1.83
Direct	0.65

Average Maturity, Modified Duration & YTM details provided for Debt portion of Portfolio only.

Past performance may or may not be sustained in future. Pursuant to IDCW payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value- ₹ 10 .