Nippon India Balanced Advantage Fund - Direct Plan - Growth Plan (0P0000XVFJ)

NAV represents the per unit market value of the mutual fund. It is calculated by dividing the total value of all the assets in a portfolio, minus its liabilities.

Systematic Investment Plan (SIP) allows you to invest a fixed amount regularly. This helps in rupee cost averaging and building wealth over time.

Lumpsum investment is when you invest a large amount at once. This might be suitable when you have a substantial amount ready to invest.

The expense ratio includes management fees, administrative costs, and other operating expenses. A lower expense ratio means more of your money is actually invested.

Fund size indicates the total market value of all the assets being managed. Larger funds may have more stability but might face challenges in making quick investment decisions.

Fund age shows how long the fund has been in existence. Older funds have longer track records that can be analyzed for consistency and performance.