This article discusses how Balanced Advantage Funds and Dynamic Asset Allocation Funds will be taxed after the 2024 Budget.
Dynamic Asset Allocation or Balanced Advantage Fund can invest in equity/ debt that is managed (0% to 100% in equity & equity related instruments; and dynamically
0% to 100% in Debt instruments).
So they could be taxed like equity funds, debt funds or other funds depending on whether they hold 65% or more stocks, 65% or more bonds or neither. See Budget 2024 Capital Gains Taxation Guide.
Their taxation status could also change over time! Investors should then check the last 12 months’ average equity or fixed-income holding from the redemption date. The most authoritative source for taxing each multi-asset fund is their respective AMCs.
We urge the reader to find out taxation information from their respective AMCs. We have compiled the last 12 months (or since inception) average equity exposure of all Balanced Advantage Funds and Dynamic Asset Allocation funds to provide an indication. The expected tax status is also indicated.
🔥Secure your future with our Robo-advisory tool trusted by over 3,500 investors and advisors. From effortless retirement planning to funding your children’s biggest dreams, turn your financial goals into reality. 🔥
Subscribe for money management solutions via email! (Link takes you to our email sign-up form) Join 32,000+ readers in our community.
👉 New Tool Alert! NaviPlan: A Privacy-Focused Multi-asset Tracker and Goal Planner 👈
Dynamic Asset Allocation Funds
| Scheme Name | Avg | Possible Tax Status |
| Quant Dynamic Asset Allocation Fund-Reg(G) | 71.2395 | Equity |
| DSP Dynamic Asset Allocation Fund-Reg(G) | 66.1523 | Equity |
| Samco Dynamic Asset Allocation Fund-Reg(G) | 53.3967 | Other MF |
| Parag Parikh Dynamic Asset Allocation Fund-Reg(G) | 38.8497 | Other MF |
| UTI ULIP(G) | 38.4525 | Other MF |
Balanced Advantage Funds
All Balanced Advantage funds are likely to be taxed like equity (since the last 12 months or since inception equity holding average is greater than 65%)
| Scheme Name | Avg |
| Helios Balanced Advantage Fund-Reg(G) | 84.5676 |
| NJ Balanced Advantage Fund-Reg(G) | 83.6640 |
| Motilal Oswal Balanced Advantage Fund-Reg(G) | 78.1318 |
| Edelweiss Balanced Advantage Fund-Reg(G) | 76.8541 |
| Bank of India Balanced Advantage Fund-Reg(G) | 76.4398 |
| Bajaj Finserv Balanced Advantage Fund-Reg(G) | 76.4382 |
| Bandhan Balanced Advantage Fund-Reg(G) | 73.4680 |
| Sundaram Balanced Advantage Fund(G) | 71.6945 |
| LIC MF Balanced Advantage Fund-Reg(G) | 70.8586 |
| Kotak Balanced Advantage Fund-Reg(G) | 70.6431 |
| PGIM India Balanced Advantage Fund-Reg(G) | 70.4240 |
| Axis Balanced Advantage Fund-Reg(G) | 70.1832 |
| Union Balanced Advantage Fund-Reg(G) | 68.0730 |
| Nippon India Balanced Advantage Fund(G) | 67.8382 |
| Aditya Birla SL Balanced Advantage Fund(G) | 67.6587 |
| HSBC Balanced Advantage Fund-Reg(G) | 67.5744 |
| Mahindra Manulife Balanced Advantage Fund-Reg(G) | 67.4953 |
| SBI Balanced Advantage Fund-Reg(G) | 67.4269 |
| WOC Balanced Advantage Fund-Reg(G) | 67.3003 |
| HDFC Balanced Advantage Fund(G) | 67.1029 |
| ICICI Pru Balanced Advantage Fund(G) | 67.0267 |
| Baroda BNP Paribas Balanced Advantage Fund-Reg(G) | 67.0147 |
| Mirae Asset Balanced Advantage Fund-Reg(G) | 66.6927 |
| Shriram Balanced Advantage Fund-Reg(G) | 66.2143 |
| UTI Balanced Advantage Fund-Reg(G) | 66.2021 |
| Tata Balanced Adv Fund-Reg(G) | 66.1683 |
| Invesco India Balanced Advantage Fund(G) | 65.7799 |
| Franklin India Balanced Advantage Fund-Reg(G) | 65.6564 |
| ITI Balanced Advantage Fund-Reg(G) | 65.1122 |
We reiterate that these observations are based on the average equity exposure for the last 12 months or since its inception. Please check with the AMC to confirm the tax status.
Join 32,000+ readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email! (Link takes you to our email sign-up form)
Use our Robo-advisory Tool to create a complete financial plan! More than 3,000 investors and advisors use this! Use the discount code robo25 for 20% off. Plan your retirement (early, normal, before, and after), plus non-recurring financial goals (such as child education) and recurring financial goals (such as holidays and appliance purchases). The tool helps anyone aged 18 to 80 plan for retirement, plus six non-recurring and four recurring financial goals, with a detailed cash flow summary.
🔥Join our community of 9000+ users! 🔥Avail massive discounts on our courses + freefincal investor circle!
Track your mutual funds and stock investments with our Google Sheet!
We also publish monthly equity mutual funds, debt and hybrid mutual funds, index funds, ETF screeners, as well as momentum and low-volatility stock screeners.
You can follow our articles on Google News
We have over 1,000 videos on YouTube!
Podcast: Let's Get RICH With PATTU! Every single Indian CAN grow their wealth!
You can watch podcast episodes on the OfSpin Media Friends YouTube Channel
- Do you have a comment about the above article? Reach out to us on Twitter: @freefincal or @pattufreefincal
- Have a question? Subscribe to our newsletter using the form below.
- Hit 'reply' to any email from us! We do not offer personalised investment advice. We can write a detailed article without mentioning your name if you have a generic question.
About The Author
Dr M. Pattabiraman (PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over 14 years of experience publishing news analysis, research and financial product development.
Connect with him via Twitter(X) LinkedIn YouTube
Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! More than 3,500 investors and advisors are part of our exclusive community! Get clarity on how to plan for your goals and achieve the necessary corpus no matter the market conditions! Watch the first lecture for free! One-time payment! No recurring fees! Lifelong access to videos! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence.
Increase your income by getting people to pay for your skills! More than 900 salaried employees, entrepreneurs and financial advisors are part of our exclusive community! Learn how to get people to pay for your skills! Whether you are a professional or small business owner seeking more clients through online visibility, or a salaried individual looking for side or passive income, we will show you how to do it by showcasing your skills and building a community that trusts and pays you. (Watch the 1st lecture for free). One-time payment! No recurring fees! Lifelong access to videos!
Our book for kids: “Chinchu Gets a Superpower!” is now available!
Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. - Arun.
Buy the book: Chinchu gets a superpower for your child!
How to profit from content writing: Our new ebook is for those interested in getting a side income via content writing. It is available at a 50% discount for Rs. 500 only!
We publish monthly mutual fund screeners and momentum, low-volatility stock screeners.
About freefincal & its content policy
Freefincal is a News Media organisation dedicated to providing original analysis, reports, reviews and insights on mutual funds, stocks, investing, retirement and personal finance developments. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified with credible and knowledgeable sources before publication. Freefincal does not publish paid articles, promotions, PR, satire or opinions without data. All opinions will be inferences backed by verifiable, reproducible evidence/data. Contact Information: To get in touch, please use our contact form. (Sponsored posts or paid collaborations will not be entertained.)Connect with us on social media
Our publications
You Can Be Rich Too with Goal-Based Investing
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want
Your Ultimate Guide to Travel
