2 balanced advantage funds that are most bullish on equity

What are Balanced Advantage Funds?

Balanced advantage funds (BAFs) invest in equity and debt. They often change their equity and debt allocation depending on how they view the market.

How BAFs can be tactical

If they expect the equity market to weaken, these funds lower their equity exposure. Conversely, if they sense the market to get stronger, they up their equity allocation.

BAFs can be indicators of market trends

Since these funds can change their equity allocation depending on prevailing market conditions, we identified two funds that are most bullish about the current market.

The 2 BAFs with 80 to 100% equity allocation

(1) Quant, (2) BOI

Some BAFs have 60-79% equity allocation

HSBC, Mahindra Manulife, Edelweiss, PGIM, Baroda BNP, Union, Nippon, Shriram, Axis, Bajaj Finserv

Please note

Data based on portfolio disclosures as on Dec 31, 2023. Cash and debt make up the rest of the portfolio

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