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Unrated

HDFC Balanced Advantage Fund


1 Lakh

Investment Grown to
₹ 1.28 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.62 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 10.55 -2.37 -0.76 10.69 19.25 30.03 28.53 8.53 15.35 14.81 12.38
VR Balanced TRI 3.36 -3.27 -3.36 5.55 10.28 23.59 26.73 11.98 15.45 13.00 11.14
Hybrid: Dynamic Asset Allocation 2.52 -1.25 -1.01 3.26 6.34 13.95 16.24 7.30 10.10 10.51 10.14
Rank within category 1 26 9 1 1 1 2 -- -- -- --
Number of funds in category 25 26 26 25 25 25 24 15 12 7 6

As on 26-Feb-2021

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 28.53 8.53 15.35 1.74 38,279
ICICI Prudential Balanced Advantage Fund  | Invest Now
4 star
Dec-06 19.87 10.04 13.27 1.76 28,257
Aditya Birla Sun Life Balanced Advantage Fund  | Invest Online
4 star
Apr-00 20.54 9.24 13.93 2.04 2,618
Edelweiss Balanced Advantage Fund - Regular Plan  | Invest Online
5 star
Aug-09 27.53 11.97 12.78 2.01 2,464
Union Balanced Advantage Fund - Regular Plan
5 star
Dec-17 27.48 11.72 -- 2.50 634

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 5.07 19.98 0.02 0.03 1.02 -4.91
VR Balanced TRI 9.86 18.29 0.28 0.34 -- --
Hybrid: Dynamic Asset Allocation 6.50 12.44 0.14 0.18 0.63 -1.41
Rank within category 14 18 14 14 18 16
Number of funds in category 18 18 18 18 18 18

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

As on 31-Jan-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 75
Top 10 Holdings (%) 46.56
Top 5 Holdings (%) 30.15
Top 3 Sectors (%) 51.02
Portfolio P/B Ratio 1.37
Portfolio P/E Ratio 10.83
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 1.66 - 2.07 1.80
equal 8.75% State Bank of India Bonds AA+ 1.48 - 4.39 1.52
equal 8.98% Punjab National Bank Zero Coupon Bonds AA- 0.00 - 1.29 1.22
equal 6.43% HDFC 29/09/2025 Debenture AAA 0.00 - 0.95 0.85
equal 9.15% ICICI Bank Debenture AA+ 0.68 - 0.82 0.74
equal 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.69 - 1.35 0.71
equal 9.00% Union Bank of India 2099 Bonds AA- 0.61 - 0.76 0.67
equal 8.99% Bank of Baroda Non Convertible Debenture AA+ 0.56 - 0.91 0.57
equal 7.75% LIC Housing Fin. 23/07/2024 Debenture AAA 0.00 - 0.61 0.56
equal 8.15% State Bank of India Bonds AA+ 0.50 - 1.04 0.51
equal 9.20% ICICI Bank 31/12/2050 Bonds AA+ 0.46 - 0.56 0.48
equal 8.75% Vedanta 15/04/2021 Debenture AA- 0.00 - 0.48 0.44
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 0.47 0.43
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.00 - 0.44 0.40
equal 8.95% Punjab National Bank Bonds AA 0.00 - 0.40 0.38
equal 9.95% Canara Bank Debenture AA 0.00 - 0.37 0.33
equal 7.96% REC 15/06/2030 Non Convertible Debenture AAA 0.00 - 0.34 0.30
equal 5.83% State Bank of India 26/10/2030 Debenture AAA 0.00 - 0.29 0.26
equal 6.11% BPCL 2025 Non Convertible Debenture AAA 0.00 - 0.29 0.26
equal 6.24% State Bank of India 21/09/2030 Non Convertible Debenture AAA 0.00 - 0.29 0.26
equal Bajaj Electricals 20/08/2021 Zero Coupon Bonds A- 0.00 - 0.26 0.24
equal 2.00% Tata Steel 23/04/2022 Debenture AA 0.00 - 0.26 0.23
equal 9.70% Coastal Gujarat Power 27/08/2023 Non Convertible Debenture AA 0.00 - 0.23 0.21
equal 7.49% IRFC 30/05/2027 Debenture AAA 0.00 - 0.23 0.21
equal 7.30% Power Grid Corporation 19/06/2027 Debenture AAA 0.00 - 0.15 0.14

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
down State Bank of India Financial 15.02 9.75 0.00 9.58
down ICICI Bank Financial 28.01 9.64 5.73 6.06
down Larsen & Toubro Construction 17.63 7.47 0.00 5.58
equal ITC FMCG 18.94 7.71 0.94 4.67
down Infosys Technology 28.69 9.18 0.00 4.26
equal NTPC Energy 13.84 5.55 3.18 4.20
equal Coal India Energy 7.35 4.63 0.86 3.94
down Power Finance Corp. Financial 3.52 3.47 0.00 3.35
down REC Financial 3.95 2.53 0.00 2.52
down Power Grid Corporation Energy 11.15 5.20 2.40 2.40
down Axis Bank Financial 74.19 5.93 1.57 2.16
up Lupin Healthcare 40.32 1.93 0.00 1.93
equal HPCL Energy 4.66 4.16 0.21 1.67
down Bharti Airtel Communication -- 2.26 0.00 1.54
up Hindustan Aeronautics Services 12.79 1.49 0.00 1.49
up Sun Pharmaceutical Inds. Healthcare 59.28 1.47 0.00 1.47
down GAIL Energy 7.63 3.32 1.22 1.46
up NHPC Energy 7.75 1.11 0.00 1.11
equal BPCL Energy 24.30 4.97 0.00 1.08
equal Aurobindo Pharma Healthcare 9.31 3.05 0.91 0.98
down Apollo Tyres Automobile 25.10 0.93 0.00 0.92
equal Bank of Baroda Financial 14.36 2.13 0.59 0.90
down Chambal Fertilisers & Chem. Chemicals 7.23 1.06 0.00 0.81
up Mishra Dhatu Nigam Metals 27.17 0.80 0.00 0.74
down Just Dial Services 17.27 1.05 0.00 0.70

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-Jan-2021

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:


-2.37%

Change from previous, NAV as on 26-Feb-2021

Growth: ₹ 239.7830

Dividend Monthly: ₹ 27.0140


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
Lock-in Period Not Applicable
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: 18.01%
Benchmark: NIFTY 50 Hybrid Composite Debt 65:35
Riskometer: Very High
Type: Open-ended
Assets: ₹ 38,279 Cr (As on 31-Jan-2021)
Expense: 1.74% (As on 31-Jan-2021)
Risk Grade: --
Return Grade: --
Turnover: 46.44%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-Feb-20210.2300

 25-Jan-20210.2300
 28-Dec-20200.2300
 25-Nov-20200.2300
 26-Oct-20200.2300
 25-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

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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