HDFC Balanced Advantage Fund Direct Plan Growth Option
Min amount: ₹500
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Very High Risk|
|Fund Type||Dynamic Asset Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|State Bank of India||10.03%|
|ICICI Bank Ltd||5.02%|
|Larsen & Toubro Ltd Shs Dematerialised||4.46%|
|Coal India Ltd||4.04%|
|Power Finance Corp Ltd||3.28%|
|Axis Bank Ltd||2.03%|
About HDFC Balanced Advantage Fund - Direct Plan - Growth
An open-ended balanced advantage scheme aiming to generate long-term capital appreciation by investing in a mix of equity and debt instruments. The fund manager takes care of the asset allocation between equity and debt instruments based on the prevailing market and economic conditions.
Pros and Cons of HDFC Balanced Advantage Fund - Direct Plan - Growth
The five-year returns from the scheme are higher than the category average returns. On the other hand, one-year and three-year returns are lower than the category average returns. Additionally, the risk-adjusted returns are lower as compared to the category.
Fund Information and Statistics
i) Inception/Launch Date
The scheme was launched on 1 February 1994.
ii) Risk Level
A moderately high risk profile is associated with the fund scheme since the assets are allocated in a portfolio that is a dynamic mix of equity and debt instruments.
No lock-in period is applicable to the principal invested in this scheme. Therefore, investors can redeem units subject to the exit load applicable.
iv) Fund Manager
Mr Prashant Jain and Mr Anand Laddha are the Fund Managers for this scheme.
v) Entry/Exit Load
Entry load is not applicable. However, an exit load of 1% is charged when you redeem/switch out fund units in excess of 15% of the initial investment within one year from the date of allotment. Exiting from the fund after completing one year will not attract any exit load.
About HDFC Mutual Fund
HDFC Mutual Fund was incorporated as an asset management company on 10 December 1999. HDFC Trustee Company Limited is the trustee company for the fund house and Housing Development Finance Corporation Limited and Standard Life Investments Limited are the sponsors.
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Frequently Asked Questions
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns