HDFC Balanced Advantage Fund
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Min amount: 500
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|Risk||Moderately High risk|
|Fund Type||Dynamic Asset Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|ICICI Bank Ltd||9.64%|
|State Bank of India||8.85%|
|Larsen & Toubro Ltd||6.62%|
|Reliance Industries Ltd||3.59%|
|State Bank Of India||3.44%|
|Tata Sons Limited||3.28%|
|Power Grid Corp Of India Ltd||3.22%|
About HDFC Balanced Advantage Fund
The investment objective of the Scheme is to provide long term capital appreciation / income from a dynamic mix of equity and debt investments. The Asset under management stands at Rs 37,157 crore as at 31 October 2018. The Scheme is benchmarked against NIFTY 50 Hybrid Composite Debt 65:35 Index. ICICI Bank, Infosys and State Bank of India are amongst the top 3 investments of the Fund.
Pros & Cons of HDFC Balanced Advantage Fund
Distinctive features of HDFC Balanced Advantage Fund is as below:
- The Fund has provided return of 17.14% since inception
- Despite being a hybrid fund with about 25% of its assets in cash & debt, the fund has delivered returns in line with an equity-diversified scheme.
- The Scheme is not rated in dynamic asset allocation or balanced advantage category by Crisil (for quarter ended Sep 2018).
Fund Information and Statistics of HDFC Balanced Advantage Fund
i) Inception / Launch date
HDFC Balanced Advantage Fund was launched on 11 September 2000 and it is an open-ended scheme. The Scheme was created post merger of HDFC Prudence Fund and HDFC Growth Fund effective 1 June 2018.
ii) Risk level
Under normal circumstances the scheme would invest 60% investments in equity instruments while the balance would be allocated to debt instruments.
Redemption proceeds are generally dispatched within 10 business days from the date of receipt of request. Exit load is charged if the redemptions are requested within 12 months of purchase beyond 15% holdings.
iv) Fund Manager
The Scheme is currently being managed by Mr. Prasant Jain who is managing the Scheme since June 2018. Mr. Jain is a B. Tech. from IIT Kanpur, PGDM (IIM, Bangalore) and CFA from AIMR, USA. Prior to HDFC AMC he has worked with Zurich AMC and SBI Mutual Fund.
v) Entry / Exit load
a. Entry Load-NIL b. Exit Load- Nil up-to 15% of units, for remaining units 1% on or before 1 Year and Nil after 1 Year
About HDFC Mutual Fund
HDFC Mutual Fund is one of the largest mutual funds and launched its first scheme in July 2000. Currently, Mr. Milind Barve is the CEO of the fund house. There are 28 open-ended and 7 closed-ended scheme managed by the AMC of the fund house.
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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