What is SBI Balanced Advantage Fund, the investment scheme for ₹250 JanNivesh SIP?

SBI Mutual Fund has launched India’s first ₹250 SIP. Named JanNivesh SIP, the scheme will help an individual start his investment journey with a monthly commitment of only ₹250.

What is SBI Balanced Advantage Fund?

It may be suitable for individuals seeking a long-erm capital appreciation from a dynamic mix of equity and debt investments.

SBI BAF is a relatively young scheme, launched in 2021. The allotment date of the scheme is August 31, 2021.

The total asset under management (AUM) of SBI Balanced Advantage Fund is 32,953.27 crore as of February 18, 2025.

The scheme's benchmarks are Nifty 50 Hybrid composite debt 50:50 index and BSE Sensex TRI.

Fund managers

SBI Balanced Advantage Fund is managed by the following managers:

• Dinesh Balachandran, managing equity portion since August 2021
• Anup Upadhyay, co-fund manager for the equity portion since December 2024
• Mansi Sajeja managing the debt portion since December 2023
• Rajeev Radhakrishnan, co-fund manager for debt portion, since November 2023
• Pradeep Kesavan, managing overseas investment since December 2023

SBI BAF Returns

In three years, the direct plan of this scheme has given a return of 13.39% while the regular plan has given 12.32% returns, according to Association of Mutual Funds in India (AMFI) data. In one year, the direct plan of this scheme has given a 7.46% return while the regular plan has given a 6.49% return.

Data shows the scheme has comfortably beaten its benchmarks since its inception. The value of a standard investment of ₹10,000 in this fund 3 years back could have grown to ₹14,315.

Fund’s portfolio

The top five holdings of the scheme are Government of India bonds (9.87%), HDC Bank (4.92%), Reliance Industries (4.59%), Bharti Airtel (3.32A%) and GAIL (2.78%). As per the fund's latest factsheet, 54% of its assets are invested in large-cap stocks, 8.4% in mid-cap and 3.22% in small-cap stocks; around 10.77% in government securities, 2.57% in real estate investment trust, 5.4% in infrastructure investment trusts, 7.92% in AAA and equivalent-rated bonds.