HDFC Balanced Adv Growth - Latest NAV ₹199.745, Returns, Performance & Portfolio

HDFC Balanced Adv Growth

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Min amount: ₹500

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 5.65 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years9.53%
5 Years7.61%
3 Years0.91%
1 Year-0.86%
6 Months30.93%
Fund Details
RiskModerately High risk
Fund TypeDynamic Asset Allocation
Exit Load1% for 365 Days

More about this fundstar

Top HoldingsWeightage
State Bank of India7.86%
Infosys Ltd7.01%
ICICI Bank Ltd6.79%
Power Grid Corp Of India Ltd5.19%
Larsen & Toubro Ltd5.15%
NTPC Ltd4.65%
ITC Ltd4.14%
Coal India Ltd3.89%
Power Finance Corp Ltd3.06%
REC Ltd2.29%

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:

  1. The Fund has provided return of 17.14% since inception
  2. 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.
  3. 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.

iii) Redemption

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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Start your investment

Min amount: ₹500

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 5.65 Lakhs in a period of 20 years
Moderately High risk

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