NJ Balanced Advantage Fund
NJ Mutual Fund·Dynamic Asset Allocation Fund·vs CRISIL Hybrid 50+50
The manager has aggressively tilted toward pharmaceuticals and consumer staples while maintaining near-full equity exposure, signaling conviction in defensive growth amid market volatility. The 17 simultaneous additions and exits, coupled with reduced banking and receivables positions, suggest a tactical rotation away from cyclical exposure toward healthcare and FMCG resilience. This shift contradicts the fund's "balanced advantage" mandate, revealing a structurally bullish but quality-focused stance rather than dynamic rebalancing.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹14.0400 | — | — | — | — | — | — |
| Regular Growth | ₹13.2400 | +1.53% | -1.93% | -2.79% | -0.38% | +9.30% | — |
| Direct IDCW | ₹14.0400 | — | — | — | — | — | — |
| Regular IDCW | ₹13.2400 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
141
Top 5 Weight
22.63%
Top 10 Weight
37.56%
Active Share
—
Large Cap
59.40%
Gini
0.679
What Changed2026-03-31 → 2026-04-30
Holdings: 140 → 142+17 added−17 removed42 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Torrent Pharmaceuticals Limited | 2.38% |
| Alkem Laboratories Limited | 2.33% |
| Colgate Palmolive (India) Limited | 1.13% |
| Emami Limited | 1.10% |
| Havells India Limited | 1.04% |
| Indiamart Intermesh Limited | 1.03% |
| JB Chemicals & Pharmaceuticals Limited | 0.89% |
| ABB India Limited | 0.58% |
| Max Healthcare Institute Limited | 0.01% |
| GMR Airports Limited | 0.01% |
| Apollo Hospitals Enterprise Limited | 0.01% |
| One 97 Communications Limited | 0.00% |
| Grasim Industries Limited | 0.00% |
| 91 Days Tbill (MD 30/07/2026) | 0.20% |
| 182 Days Tbill (MD 17/07/2026) | 0.14% |
| 364 Days Tbill (MD 23/07/2026) | 0.14% |
| 364 Days Tbill (MD 03/12/2026) | 0.07% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 6.22% |
| 2 | Clearing Corporation of India Ltd nan | 5.36% |
| 3 | Reliance Industries Limited INE002A01018 | 4.33% |
| 4 | Eicher Motors Limited INE066A01021 | 3.48% |
| 5 | Marico Limited INE196A01026 | 3.24% |
| 6 | Britannia Industries Limited INE216A01030 | 3.22% |
| 7 | ICICI Bank Limited INE090A01021 | 3.20% |
| 8 | Bosch Limited INE323A01026 | 2.98% |
| 9 | ITC Limited INE154A01025 | 2.84% |
| 10 | Oil & Natural Gas Corporation Limited INE213A01029 | 2.70% |
| 11 | Sun Pharmaceutical Industries Limited INE044A01036 | 2.48% |
| 12 | Cipla Limited INE059A01026 | 2.46% |
| 13 | Dr. Reddy's Laboratories Limited INE089A01031 | 2.45% |
| 14 | Torrent Pharmaceuticals Limited INE685A01028 | 2.38% |
| 15 | Alkem Laboratories Limited INE540L01014 | 2.33% |
| 16 | HDFC Asset Management Company Limited INE127D01025 | 2.30% |
| 17 | Dr. Lal Path Labs Limited INE600L01024 | 2.30% |
| 18 | Nestle India Limited INE239A01024 | 2.16% |
| 19 | Kotak Mahindra Bank Limited INE237A01036 | 2.07% |
| 20 | Pidilite Industries Limited INE318A01026 | 1.68% |
Sector Allocation
Pharmaceuticals & Biotechnology14.6%
Banks13.4%
Automobiles6.4%
Finance6.3%
Food Products5.4%
nan5.4%
IT - Software5.1%
Petroleum Products5.0%
Consumer Durables4.0%
Sovereign4.0%
Top 10 sectors by % to NAV. Excludes derivatives.