Balanced advantage funds that are cautious about 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. And increase their debt allocation. The opposite is true, too.

BAFs can be indicators of market trends

Since BAFs can change their debt-equity allocation depending on market conditions, we identified BAFs that are cautious about the market and have more money in debt.

One fund with just 0-40% allocation in equity

Bandhan

BAFs with 40-60% allocation in equity

Motilal Oswal, DSP, NJ, HDFC, Aditya Birla Sun Life, WhiteOak, Franklin, UTI, Kotak, Mirae Asset, LIC, Tata, SBI, ICICI Prudential

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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