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Unrated

PGIM India Balanced Advantage Fund - Regular Plan


Suitability:

"When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.

These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.

Like for all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other balanced hybrid fund, if you need to redeem your investment in less than five years."

Taxability of earnings:

The tax treatment of this fund may vary depending upon its asset allocation. It will be taxed in the following manner based on its average asset allocation in the last 12 months.

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -- -0.18 -0.88 -0.71 0.99 6.55 -- -- -- -- --
VR Balanced TRI -- 0.15 -1.80 -2.91 2.26 10.17 -- -- -- -- --
Hybrid: Dynamic Asset Allocation -- -0.15 -0.89 -1.19 2.15 7.15 -- -- -- -- --
Rank within category -- 18 18 3 20 12 -- -- -- -- --
Number of funds in category 25 29 29 27 26 26 25 18 12 10 6

As on 29-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
PGIM India Balanced Advantage Fund - Regular Plan  | Invest Online
Unrated
Feb-21 -- -- -- 2.16% 1,245
ICICI Prudential Balanced Advantage Fund  | Invest Now
4 star
Dec-06 18.41 12.71 11.42 1.69% 36,816
Kotak Balanced Advantage Fund - Regular Plan  | Invest Online
4 star
Aug-18 15.71 12.88 -- 1.78% 11,813
Edelweiss Balanced Advantage Fund - Regular Plan  | Invest Online
5 star
Aug-09 23.18 15.95 14.11 1.82% 6,331
Aditya Birla Sun Life Balanced Advantage Fund  | Invest Online
4 star
Apr-00 16.64 12.26 10.45 1.84% 6,124

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.79 25-Mar-2021 - 01-Apr-2021 -1.49 18-Nov-2021 - 26-Nov-2021
Month 3.47 14-May-2021 - 15-Jun-2021 -1.18 16-Feb-2021 - 18-Mar-2021
Quarter 7.39 04-May-2021 - 03-Aug-2021 1.17 27-Aug-2021 - 26-Nov-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Balanced TRI* 18.85 17.75 0.84 0.97 -- --
Hybrid: Dynamic Asset Allocation* 12.21 12.26 0.68 0.73 0.63 -1.07
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Oct-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 65
Top 10 Holdings (%) 29.08
Top 5 Holdings (%) 18.34
Top 3 Sectors (%) 16.36
Portfolio P/B Ratio 3.29
Portfolio P/E Ratio 23.55
Avg Credit Rating GOI/Cash

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.00 - 4.25 2.02
equal 5.74% REC 20/06/2024 Debenture AAA 0.00 - 3.42 2.02
equal 5.35% LIC Housing Fin. 20/03/2023 Debenture AAA 0.00 - 2.71 2.01
equal 5.10% ICICI Home Finance Company 2023 Debenture AAA 0.00 - 2.39 2.00
equal 9.10% L&T Finance 13/04/2022 Non Convertible Debenture AAA 0.00 - 3.51 1.64
equal Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 1.90 1.60
equal Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 1.72 1.60
equal Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 1.89 1.60
new 6.40% Jamnagar Utilities and Power 29/09/2026 Non Convertible Debenture AAA 0.00 - 1.60 1.60
equal Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 1.90 1.60
up Reserve Bank of India 364-D 13/01/2022 Treasury Bills SOV 0.00 - 1.59 1.59
equal Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 1.30 1.20
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 1.29 1.20
equal 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 0.00 - 1.19 0.81
new Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 0.80 0.80
equal Reserve Bank of India 364-D 06/01/2022 Treasury Bills SOV 0.00 - 0.86 0.80
equal Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 0.95 0.80
equal 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 1.06 0.57
equal 8.62% Food Corporation of India 22/03/2023 Bonds AAA 0.00 - 0.60 0.55
equal 8.84% Power Finance Corporation 2023 Bonds AAA 0.00 - 0.57 0.42
equal 5.90% Grasim Industries 16/06/2023 Zero Coupon Bonds AAA 0.41 - 1.01 0.41
equal 7.71% L&T Finance 2022 Debenture AAA 0.00 - 0.61 0.41

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Financial 23.58 4.74 0.00 4.53
up State Bank of India Financial 14.47 4.05 2.79 3.92
up Adani Ports and Special Economic Zone Services 28.09 3.45 2.13 3.43
up Reliance Industries Energy 31.61 3.51 1.91 3.31
equal United Spirits FMCG 76.73 3.43 2.76 3.15
up ICICI Bank Financial 23.49 4.13 2.13 2.51
equal Tata Power Company Energy 48.06 2.42 1.57 2.18
equal Infosys Technology 34.16 2.41 1.58 2.01
equal Axis Bank Financial 19.96 2.44 0.59 1.93
equal Asian Paints Chemicals 92.64 2.95 1.72 1.72
up JSW Steel Metals 7.58 1.77 0.00 1.56
down Larsen & Toubro Construction 28.37 4.03 0.89 1.56
up Sun Pharmaceutical Industries Healthcare 28.88 1.63 1.06 1.41
equal ACC Construction 20.94 2.49 1.34 1.34
new ABB India Ltd. Engineering 110.16 1.28 0.00 1.28
up Jindal Steel & Power Metals 5.26 2.19 1.10 1.24
up HDFC Life Insurance Insurance 122.67 1.24 0.00 1.24
new Tata Consultancy Services Technology 35.40 4.55 0.00 1.23
up Vedanta Metals 6.94 1.21 0.29 1.16
equal Ultratech Cement Construction 33.47 1.19 0.64 1.13
equal Aurobindo Pharma Healthcare 7.37 3.42 1.10 1.10
new Mphasis Technology 42.50 1.04 0.00 1.04
up Hindalco Inds. Metals 9.43 1.21 0.00 0.96
equal Indusind Bank Financial 17.69 2.69 0.93 0.93
equal SBI Life Insurance Company Insurance 92.10 1.06 0.00 0.92

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2021

Fund Manager

— Aniruddha Naha since 15-Jan-2021

Education: Mr. Naha has done Masters in Finance & Control.

Experience: Aniruddha Naha is Senior Fund Manager – Equity at PGIM India Asset Management Pvt. Ltd. He is the fund manager for PGIM India Diversified Equity Fund and PGIM India Midcap Opportunities Fund Aniruddha has done his Masters in Finance & Control and has over 18 years of industry experience in the equity and debt market. In his last assignment, Aniruddha was Portfolio Manager - Avendus Wealth Management Pvt. Ltd. where he was their Head of PMS, Equity and managed 2 mandates: Avendus India Alpha Fund and the Midcap Fund. Prior to that Aniruddha was was Fund Manager - IDFC Asset Management Company Ltd. and managed an AUM of Rs.1600Crs across 3 funds in the diversified and midcap space. Aniruddha has also had stints as Portfolio Manager - Mirae Asset Global Investments (Hong Kong) Ltd. and as Fund Manager - DSP BlackRock Investment Managers Pvt. Ltd.

Interviews:

Funds Managed:

— Hitash Dang since 01-Jun-2021

Education: Mr. Dang is Bcom and MBA (PGDBA)

Experience: Prior to joining PGIM India Mutual Fund he has worked in Jaypee Capital Service Ltd. in Institutional Sales in Equity Markets and Multiflex Lami Print Ltd. in Business development.

Funds Managed:

— Kumaresh Ramakrishnan since 15-Jan-2021

Education: Mr. Ramakrishnan is a B.E from Mumbai University and MBA from NMIMS (Mumbai).

Experience: Prior to joining PGIM India Mutual Fund he has worked with DWS AMC, Societe Generale and CARE.

Funds Managed:


-0.18%

Change from previous, NAV as on 29-Nov-2021

Growth: ₹ 11.2300

IDCW: ₹ 11.2300


Investment Strategy

The scheme seeks to provide capital appreciation and income distribution to the investors by dynamically managing the asset allocation between equity and fixed income using equity derivatives strategies, arbitrage opportunities and pure equity investments. The scheme seeks to reduce the volatility by diversifying the assets across equity and fixed income.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load For units in excess of 10% of the investment,0.5% will be charged for redemption within 90 days

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 04-Feb-2021
Return Since Launch: 12.30%
Benchmark: CRISIL Hybrid 50+50 Moderate Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,245 Cr (As on 31-Oct-2021)
Expense: 2.16% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: --
Turnover: 64.00%

Contact Information

AMC: PGIM India Asset Management Pvt. Ltd.

Address: 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Phone: 022-61593000 / 1800-266-2667

Email: [email protected]

Website: https://www.pgimindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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