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Unrated

PGIM India Balanced Advantage Fund - Direct 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: 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 -- 0.00 0.44 2.50 6.40 13.23 -- -- -- -- --
VR Balanced TRI -- 0.15 1.37 6.65 11.86 20.65 -- -- -- -- --
Hybrid: Dynamic Asset Allocation -- -0.08 0.36 3.65 6.76 12.86 -- -- -- -- --
Rank within category -- 5 9 21 14 12 -- -- -- -- --
Number of funds in category 24 26 26 25 25 25 24 17 11 8 0

As on 24-Sep-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 - Direct Plan  | Invest Online
Unrated
Feb-21 -- -- -- 0.34 1,045
ICICI Prudential Balanced Advantage Fund - Direct Plan  | Invest Now
4 star
Jan-13 32.69 13.77 11.68 1.04 34,687
Kotak Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
Aug-18 27.23 14.81 -- 0.49 10,688
Edelweiss Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 41.41 18.02 14.65 0.44 5,304
Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
Jan-13 39.33 14.81 11.93 0.63 4,989

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.88 25-Mar-2021 - 01-Apr-2021 -1.46 10-Mar-2021 - 18-Mar-2021
Month 3.65 14-May-2021 - 15-Jun-2021 -0.98 16-Feb-2021 - 18-Mar-2021
Quarter 7.74 04-May-2021 - 03-Aug-2021 2.25 15-Feb-2021 - 17-May-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Balanced TRI* 14.75 18.44 0.58 0.69 -- --
Hybrid: Dynamic Asset Allocation* 11.06 12.53 0.56 0.62 0.62 0.40
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-Aug-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 59
Top 10 Holdings (%) 32.22
Top 5 Holdings (%) 19.93
Top 3 Sectors (%) 18.46
Portfolio P/B Ratio 3.38
Portfolio P/E Ratio 25.30
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
down PGIM India Insta Cash Direct-G Mutual Fund -- 5.92 - 15.67 5.92
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.00 - 4.25 2.43
equal 5.74% REC 20/06/2024 Debenture AAA 0.00 - 3.42 2.43
equal 5.35% LIC Housing Fin. 20/03/2023 Debenture AAA 0.00 - 2.71 2.42
new 5.10% ICICI Home Finance Company 2023 Debenture AAA 0.00 - 2.39 2.39
equal 9.10% L&T Finance 13/04/2022 Non Convertible Debenture AAA 0.00 - 3.51 1.96
new Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 1.90 1.90
new Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 1.90 1.90
new Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 1.89 1.89
new Reserve Bank of India 364-D 23/09/2021 Treasury Bills SOV 0.00 - 1.43 1.43
new Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 1.42 1.42
equal 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 0.00 - 1.19 0.97
new Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 0.95 0.95
equal 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 1.06 0.68
equal 8.84% Power Finance Corporation 2023 Bonds AAA 0.00 - 0.57 0.51
equal 5.90% Grasim Industries 16/06/2023 Zero Coupon Bonds AAA 0.49 - 1.01 0.49
equal 7.71% L&T Finance 2022 Debenture AAA 0.00 - 0.61 0.49
new Reserve Bank of India 364-D 09/09/2021 Treasury Bills SOV 0.00 - 0.48 0.48
equal Others CBLO -- - 5.76

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
up State Bank of India Financial 15.73 4.05 2.79 4.05
up HDFC Financial 25.45 3.66 0.00 3.66
equal Reliance Industries Energy 34.86 3.50 1.91 3.47
equal United Spirits FMCG 88.34 3.43 2.76 2.83
up Adani Ports and Special Economic Zone Services 27.43 3.23 2.13 2.57
up Axis Bank Financial 28.96 2.44 0.59 2.44
equal ICICI Bank Financial 25.04 4.13 2.41 2.41
down Tata Consultancy Services Technology 41.59 4.55 2.36 2.36
up Infosys Technology 36.51 2.41 1.58 2.31
equal Asian Paints Chemicals 94.66 2.95 2.11 2.11
equal ACC Construction 21.93 2.49 1.65 1.65
equal Tata Power Company Energy 33.88 2.42 1.57 1.57
up Larsen & Toubro Construction 19.94 4.03 0.89 1.56
equal Sun Pharmaceutical Industries Healthcare 30.76 1.63 1.06 1.50
down Max Healthcare Institute Healthcare 110.20 1.50 0.00 1.48
equal JSW Steel Metals 11.08 1.77 0.00 1.47
equal Aurobindo Pharma Healthcare 7.95 3.42 1.39 1.39
equal ICICI Lombard General Insurance Company Insurance 63.51 1.37 0.00 1.33
up Alkem Laboratories Healthcare 29.33 1.30 0.00 1.30
up Cummins India Engineering 33.27 1.20 0.47 1.20
equal Jindal Steel & Power Metals 10.49 2.19 1.17 1.17
equal Hindalco Inds. Metals 15.40 1.21 0.00 1.14
equal Vedanta Metals 7.37 1.21 0.29 1.09
equal HDFC Life Insurance Insurance 124.47 1.08 0.00 1.04
equal Max Financial Services Financial 114.16 1.30 0.95 1.04

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-Aug-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:


0.00

Change from previous, NAV as on 24-Sep-2021

Growth: ₹ 11.4700

IDCW: ₹ 11.4700


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: 14.70%
Benchmark: CRISIL Hybrid 50+50 Moderate Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,045 Cr (As on 31-Aug-2021)
Expense: 0.34% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: --
Turnover: 44.00%

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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