HDFC Balanced Advantage Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 410.351   0.238(0.058 %) NAV as on 18 Sep 2023
Prime Rating: 2.5 
Prime Recommendation: Upgrade to see

Fund type:
Hybrid
AUM (in crores):
₹ 61,598.75
Fund category:
Balanced Advantage
Fund manager(s):
Gopal Agrawal, Srinivasan Ramamurthy, Anil Bamboli, Nirman Morakhia
Benchmark:
NIFTY 50 Hybrid Composite Debt 50:50 Index
Minimum investment:
₹ 100
Launch date:
31 Dec 2012
Min. additional investment:
₹ 100
Expense ratio:
0.84 %
Exit load:
Nil upto 15% of Units, For excess Units 1% on or before 1Y and Nil after 1Y

Scheme Objective: To provide long term capital appreciation / income from a dynamic mix of equity and debt investments.


Performance (As on 18 Sep 2023)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme19.85 % 24.13 % 29.35 %16.07 % 14.75 %

Portfolio

Equity holdings
Allocation (%)
HDFC Bank Ltd.u00a3
6.67%
ICICI Bank Ltd.
4.28%
Coal India Ltd.
3.67%
State Bank of India
3.66%
NTPC Limited
3.49%
ITC Ltd.
2.97%
Infosys Limited
2.77%
Larsen and Toubro Ltd.
2.49%
Reliance Industries Ltd.
2%
Power Finance Corporation Ltd.
1.92%
Debt holdings
Allocation (%)
7.38% GOI MAT 200627
4.45%
7.1% GOI MAT 180429
2.53%
7.93% Floating Rate GOI 2034^
2.43%
TREPS - Tri-party Repo
2.09%
7.32% GOI MAT 280124^
1.3%
7.26% GOI MAT 060233
0.99%
5.22% GOI MAT 150625
0.97%
Reverse Repo
0.91%
7.26% GOI MAT 220832
0.9%
Net Current Assets
0.8%

About this category

Balanced advantage funds invest in stocks, but hedge part of this exposure through derivatives. They also maintain a portion of their portfolio in debt instruments. These funds shift allocations to equity, derivatives and debt based on market movement and valuations. These funds offer lower-risk participation to equity and are less volatile than even aggressive hybrid funds.

Suitability

These funds suit all investors, but especially conservative investors who wish for low-volatile equity exposure. These funds need to be held for a minimum of 1.5 years.

Taxation

Short-term: Holding period is less than 12 months.

Taxation: Capital gains are taxed at 15%


Long-term: Holding period is 12 months or more.

Taxation: Capital gains up to Rs 100,000 each financial year is tax-exempt. Remaining capital gains is taxed at 10%. For investments made on or before January 31st, 2018: Capital gain up to this date is tax-free.

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