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Unrated

HDFC Balanced Advantage Fund


1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.51 Lakh

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 -9.85 0.60 3.32 4.70 0.94 13.67 -6.11 0.32 5.08 11.77 8.21
VR Balanced TRI 0.12 0.33 1.31 6.13 5.62 23.72 4.39 6.77 8.58 10.57 8.18
Hybrid: Dynamic Asset Allocation 3.79 0.25 0.95 3.43 3.45 14.37 6.17 4.30 6.46 9.95 8.03
Rank within category 22 1 1 3 23 18 22 -- -- -- --
Number of funds in category 23 25 25 25 25 25 23 15 12 7 6

As on 23-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Balanced Advantage Fund  | Invest Online
Unrated
Feb-94 -6.11 0.32 5.08 1.83 34,659
ICICI Prudential Balanced Advantage Fund  | Invest Now
4 star
Dec-06 5.34 6.30 7.94 1.73 26,175
DSP Dynamic Asset Allocation Fund - Regular Plan  | Invest Online
5 star
Feb-14 6.65 6.04 7.37 2.14 1,633
IDFC Dynamic Equity Fund - Regular Plan
4 star
Oct-14 9.11 6.37 7.03 2.34 1,018
L&T Balanced Advantage Fund  | Invest Online
5 star
Feb-11 10.31 7.07 5.88 2.40 764

Best & Worst Performance

Best (Period) Worst (Period)
Week 18.84 (27-Oct-2008 - 04-Nov-2008) -20.53 (10-May-2004 - 17-May-2004)
Month 30.48 (28-Apr-2009 - 28-May-2009) -31.69 (20-Feb-2020 - 23-Mar-2020)
Quarter 75.71 (09-Mar-2009 - 10-Jun-2009) -35.54 (02-Sep-2008 - 02-Dec-2008)
Year 144.95 (23-Apr-2003 - 22-Apr-2004) -51.22 (14-Jan-2008 - 13-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 1.12 18.50 -0.21 -0.25 0.99 -6.37
VR Balanced TRI 7.52 17.40 0.14 0.16 -- --
Hybrid: Dynamic Asset Allocation 4.39 11.87 -0.06 -0.05 0.62 -2.21
Rank within category 15 17 15 15 17 16
Number of funds in category 17 17 17 17 17 17

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

As on 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 80
Top 10 Holdings (%) 48.54
Top 5 Holdings (%) 30.57
Top 3 Sectors (%) 51.83
Portfolio P/B Ratio 1.14
Portfolio P/E Ratio 9.70
Avg Credit Rating AAA

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 8.60% Canara Bank Bonds AA 1.49 - 2.07 1.96
equal 8.75% State Bank of India Bonds AA+ 1.57 - 4.39 1.68
equal 8.98% Punjab National Bank Zero Coupon Bonds A 0.99 - 1.36 1.27
equal 9.15% ICICI Bank Debenture AA+ 0.62 - 0.82 0.80
equal 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.72 - 1.35 0.77
equal 9.00% Union Bank of India 2099 Bonds AA- 0.56 - 0.76 0.73
equal 8.99% Bank of Baroda Non Convertible Debenture AA+ 0.00 - 0.91 0.62
equal 8.15% State Bank of India Bonds AA+ 0.52 - 1.04 0.56
equal 9.20% ICICI Bank 31/12/2050 Bonds AA+ 0.42 - 0.56 0.52
equal 8.75% Vedanta 15/04/2021 Debenture AA 0.00 - 0.49 0.48
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 0.46 0.46
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.00 - 0.44 0.44
equal 8.95% Punjab National Bank Bonds A 0.00 - 0.40 0.40
equal 9.95% Canara Bank Debenture AA 0.00 - 0.37 0.37
equal 7.96% REC 15/06/2030 Non Convertible Debenture AAA 0.00 - 0.33 0.33
equal 6.11% BPCL 2025 Non Convertible Debenture AAA 0.00 - 0.29 0.29
equal Bajaj Electricals 20/08/2021 Zero Coupon Bonds A- 0.00 - 0.26 0.26
equal 2.00% Tata Steel 23/04/2022 Debenture AA 0.00 - 0.25 0.25
equal 9.70% Coastal Gujarat Power 27/08/2023 Non Convertible Debenture AA 0.00 - 0.23 0.23
equal 7.49% IRFC 30/05/2027 Debenture AAA 0.00 - 0.23 0.23
equal 8.11% Export-Import Bank 2025 Bonds AAA 0.00 - 0.16 0.16
equal 9.50% Union Bank of India 31/12/2048 Bonds AA- 0.11 - 0.15 0.15
equal 7.30% Power Grid Corporation 19/06/2027 Debenture AAA 0.00 - 0.15 0.15
equal 9.10% Fullerton India Credit 2021 Non Convertible Debenture AAA 0.00 - 0.15 0.15
equal Bajaj Electricals 19/02/2021 Zero Coupon Bonds A- 0.00 - 0.12 0.12

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 State Bank of India Financial 8.38 9.75 0.00 7.72
down Infosys Technology 26.76 9.18 0.00 6.67
down ICICI Bank Financial 28.27 9.64 5.73 6.15
down Larsen & Toubro Construction 15.77 7.47 0.00 5.09
equal Power Grid Corporation Energy 10.45 5.20 2.76 4.94
equal NTPC Energy 14.81 5.55 3.17 4.52
down ITC FMCG 14.52 7.71 0.94 4.31
equal Coal India Energy 5.12 4.63 0.86 3.89
up Power Finance Corp. Financial 3.11 3.36 0.00 3.04
equal REC Financial 3.73 2.36 0.00 2.21
down Axis Bank Financial 91.77 5.93 1.57 1.90
up Bharti Airtel Communication -- 1.81 0.00 1.81
down BPCL Energy 21.99 4.97 0.00 1.71
equal HPCL Energy 6.92 4.16 0.00 1.48
up Lupin Healthcare -- 1.46 0.00 1.46
down Aurobindo Pharma Healthcare 15.42 3.05 0.91 1.43
equal Hindustan Aeronautics Services 9.77 1.49 0.00 1.40
equal GAIL Energy 4.59 3.32 1.22 1.35
down Tata Steel Metals -- 5.65 1.23 1.34
equal Vedanta Metals -- 3.33 0.40 1.21
down Ambuja Cements Construction 22.09 4.02 0.00 1.16
down Cipla Healthcare 37.07 2.09 0.71 1.07
equal Chambal Fertilisers & Chem. Chemicals 5.15 0.91 0.00 0.90
equal NHPC Energy 6.31 0.89 0.00 0.89
equal Mishra Dhatu Nigam Metals 25.27 0.80 0.00 0.79

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 30-Sep-2020

Fund Manager

— Prashant Jain since 01-Jun-2018

Education: Mr. Jain is a B. Tech. from IIT Kanpur, PGDM from IIM, Bangalore and CFA from AIMR, USA.

Experience: Prior to joining HDFC AMC he has worked with Zurich AMC and SBI Mutual Fund.

Interviews:

Funds Managed:


0.60%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 181.7730

Dividend Monthly: ₹ 21.4740


Investment Strategy

The Scheme seeks to provide long term capital appreciation / income from a dynamic mix of equity and debt investments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load For units in excess of 15% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 01-Feb-1994
Return Since Launch: 17.04%
Benchmark: NIFTY 50 Hybrid Composite Debt 65:35
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 34,659 Cr (As on 30-Sep-2020)
Expense: 1.83% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: --
Turnover: 49.06%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-Sep-20200.2300

 25-Aug-20200.2300
 27-Jul-20200.2300
 25-Jun-20200.2300
 26-May-20200.2300
 27-Apr-20200.2300
 16-Mar-20200.3100
 25-Feb-20200.3100
 27-Jan-20200.3100
 26-Dec-20190.3100
 25-Nov-20190.3100
 25-Oct-20190.3100
 25-Sep-20190.3100
 26-Aug-20190.3100
 25-Jul-20190.3100
 25-Jun-20190.3100
 27-May-20190.3100
 25-Apr-20190.3100
 25-Mar-20190.3100
 25-Feb-20190.3100
 25-Jan-20190.3100
 26-Dec-20180.3100
 26-Nov-20180.3100
 25-Oct-20180.3100
 25-Sep-20180.3100

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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