HDFC Balanced Advantage Fund-IDCW Monthly
(Scheme Rating)
NAV as of Sep 29, 2023
33.280.30%
- IDCW Monthly - Regular
(Earn upto 0.62% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Dynamic Asset Allocation
Expense Ratio:
1.46%(1.99% Category
average)Fund Size:
Rs. 61,598.75 Cr(29.11% of Investment in Category)
- ADD TO PORTFOLIO
HDFC Balanced Advantage Fund-IDCW Monthly
(Scheme Rating)
NAV as of Sep 29, 2023
33.280.30%
Expense Ratio:
1.46%
Fund Size:
Rs. 61,598.75 Cr
Fund Category:
Hybrid: Dynamic Asset Allocation
1. Current NAV: The Current Net Asset Value of the HDFC Balanced Advantage Fund as of Sep 29, 2023 is Rs 33.28 for IDCW Monthly option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 26.63% (1yr), 30.2% (3yr), 15.98% (5yr) and 18.18% (since launch). Whereas, Category returns for the same time duration are: 13.22% (1yr), 13.85% (3yr) and 10.07% (5yr).
3. Fund Size: The HDFC Balanced Advantage Fund currently holds Assets under Management worth of Rs 61598.75 crore as on Aug 31, 2023.
4. Expense ratio: The expense ratio of the fund is 1.46% for Regular plan as on Aug 31, 2023.
5. Exit Load: HDFC Balanced Advantage Fund shall attract an Exit Load, "For units in excess of 15% of the investment, 1% will be charged for redemption within 1 year."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
HDFC Balanced Advantage Fund-IDCW Monthly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 3.66 9.17 18.83 26.63 30.20 15.98 Category Avg 1.53 4.15 12.13 13.22 13.85 10.07 Rank within Category 3 3 2 1 1 1 No. of funds within Category 33 32 31 30 23 18 - Loading...
- Loading...
Return Comparison
- This Fund
- BenchmarkICICI Pru Balanced Advantage-IDCWM
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
- 1M
- 3M
- 6M
- 1Y
- 5Y
HDFC Balanced Advantage Fund-IDCW Monthly Fund Details
Investment Objective - The Scheme seeks to provide long term capital appreciation / income from a dynamic mix of equity and debt investments.
Fund House | HDFC Mutual Fund |
Launch Date | Sep 11, 2000 |
Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
Return Since Launch | 18.18% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | High |
Return Grade | High |
HDFC Balanced Advantage Fund-IDCW Monthly Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 100.00 |
Exit Load For units in excess of 15% of the investment, 1% will be charged for redemption within 1 year. |
Portfolio Allocation
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
AUG 2023 JUL 2023 JUN 2023 MAY 2023 APR 2023 MAR 2023 Number of Holdings 256 232 221 215 207 220 Top 5 Company Holdings 22.73% 23.54% 21.33% 22.39% 21.59% 22.81% Top 10 Company Holdings 36.98% 38.2% 36.44% 37.53% 35.34% 38.71% Company with Highest Exposure HDFC Bank (6.67%) HDFC Bank (6.69%) GOI (4.76%) GOI (4.97%) HDFC Bank (4.82%) GOI (5.26%) Number of Sectors 16 17 16 16 16 16 Top 3 Sector Holdings 33.04% 33.04% 35.13% 35.2% 35.56% 34.99% Top 5 Sector Holdings 40.66% 40.5% 42.5% 42.72% 42.93% 42.57% Sector with Highest Exposure Financial (20.1%) Financial (21.77%) Financial (21.8%) Financial (21.66%) Financial (21.98%) Financial (21.33%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 6.67 23.58 64.73 7.38 ICICI Bank Financial 4.28 17.86 53.29 10.43 Coal India Materials 3.67 6.66 44.30 39.08 State Bank of India Financial 3.66 7.99 74.92 12.81 NTPC Energy 3.49 13.34 18.41 53.81 ITC Consumer Staples 2.97 27.77 16.00 33.77 Infosys Technology 2.77 24.14 59.47 1.56 Larsen & Toubro Construction 2.49 37.74 80.12 63.64 Reliance Industries Energy 2.0 24.50 95.71 -1.38 Axis Bank Financial 1.92 25.48 40.68 41.39
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y HDFC Balanced Advantage Fund-IDCW Monthly 33.28 61,598.75 3.66 26.63 30.20 15.98 ICICI Prudential Balanced Advantage-IDCW Monthly 18.68 49,102.00 1.46 12.25 15.17 11.54 Edelweiss Balanced Advantage Fund Regular-IDCW Monthly 20.36 9,394.73 1.00 12.50 15.07 12.07 DSP Dynamic Asset Allocation Fund Regular-IDCW Monthly 12.27 3,397.98 0.94 9.92 9.81 8.67 Sundaram Balanced Advantage Fund-IDCW Monthly 14.44 1,532.99 0.84 9.94 12.60 9.99
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
13.71VS7.85Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.91VS0.55Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.46VS1.08Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
21.99VS15.30Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
8.04VS1.19Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
24.38VS12.76Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
HDFC Mutual Fund News
- HDFC Mutual Fund launches HDFC Pharma and Healthcare Fund. Should you invest?
- ‘Buy’ calls galore on Nifty Financial Services index stocks with one exception. Will analysts be right?
- Do very large equity funds beat their benchmarks?
- Large cap funds offer 11.45% average return in 2023; Axis Bluechip Fund give 6.87%
Fund Manager
- A.B.Anil BamboliSince Jul 20223 schemes
- G.A.Gopal AgrawalSince Jul 20220 schemes
- A.A.Arun AgarwalSince Oct 20222 schemes
- S.R.Srinivasan RamamurthySince Jul 20221 schemes
- N.M.Nirman MorakhiaSince Feb 20232 schemes
Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI. Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y HDFC Ultra Short Term Fund Regular-IDCW Monthly Ultra Short Duration 10.16 13,494.67 6.83 HDFC Arbitrage Fund Wholesale-IDCW Monthly Arbitrage 11.02 6,560.34 6.98 HDFC Arbitrage Fund Retail-IDCW Monthly Arbitrage 19.59 Unrated 6,560.34 6.51 Mr.Agrawal is a B.E and MBM. Prior to joining HDFC Mutual Fund he has worked with DSP Mutual Fund, Tata AMC, Mirae Asset Mutual Fund ,SBI Mutual Fund, Kotak Securities, HDFC Securities, IDBI Capital, UTI Securities and IPCL.
No schemes for the Fund Manager
Mr. Agarwal is a B.Com. and Chartered Accountant Prior to joining HDFC Asset Management Company Limited, he has worked with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, UTI Asset Management Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y HDFC Arbitrage Fund Wholesale-IDCW Monthly Arbitrage 11.02 6,560.34 6.98 HDFC Arbitrage Fund Retail-IDCW Monthly Arbitrage 19.59 Unrated 6,560.34 6.51 Mr. Ramamurthy is an engineer by qualification from Jadavpur University and has done his MBA from IIM - Calcutta. Prior to joining HDFC Asset Management Company Limited, he has worked with Mahindra Mutual Fund, IDBI Federal Life Insurance, IIFL Capital Limited, Maybank Kim Eng, Credit Suisse and KPMG Advisory.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y HDFC Hybrid Debt Fund-IDCW Monthly Conservative Hybrid 13.73 2,864.87 12.84 Mr. Morakhia has done B.M.S and M.B.A- Financial Markets Prior to joining HDFC Mutual Fund, he has worked with Mirae Asset Global Investment Management India Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y HDFC Arbitrage Fund Wholesale-IDCW Monthly Arbitrage 11.02 6,560.34 6.98 HDFC Arbitrage Fund Retail-IDCW Monthly Arbitrage 19.59 Unrated 6,560.34 6.51
More HDFC Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
HDFC Liquid Fund-Growth | 61,368.47 | 0.56 | 1.67 | 3.51 | 6.66 | 4.53 | |
HDFC Balanced Advantage Fund-Growth | 60,640.94 | 1.07 | 9.86 | 15.85 | 20.86 | 26.21 | |
HDFC Mid-Cap Opportunities Fund-Growth | 45,449.36 | 3.24 | 17.09 | 28.00 | 31.42 | 33.53 | |
HDFC Flexi Cap Fund-Growth | 38,266.03 | 1.06 | 10.89 | 17.77 | 21.71 | 30.73 | |
HDFC Corporate Bond Fund-Growth | 26,407.26 | 0.56 | 1.58 | 4.32 | 6.76 | 5.11 | |
HDFC Top 100 Fund-Growth | 25,775.56 | -0.86 | 8.18 | 14.98 | 17.54 | 24.07 | |
HDFC Small Cap Fund Regular-Growth | 21,066.56 | 3.50 | 16.59 | 30.68 | 37.98 | 40.65 | |
HDFC Hybrid Equity Fund-Growth | 21,038.32 | -0.69 | 5.14 | 11.42 | 14.24 | 20.78 | |
HDFC Money Market Fund-Growth | 18,870.32 | 0.54 | 1.73 | 3.87 | 6.98 | 4.93 | |
HDFC Floating Rate Debt Fund-Growth | 17,079.74 | 0.69 | 2.12 | 4.27 | 7.43 | 5.63 |
Mutual Fund Tools
Top AMCs
- SBI Mutual Fund
- ICICI Prudential Mutual Fund
- HDFC Mutual Fund
- Nippon India Mutual Fund
- Kotak Mahindra Mutual Fund
- Birla Sun Life Mutual Fund
- Axis Mutual Fund
- UTI Mutual Fund
- Edelweiss Mutual Fund
- Mirae Asset Mutual Fund
- Bandhan Mutual Fund
- DSP Mutual Fund
- Tata Mutual Fund
- HSBC Mutual Fund
- Canara Robeco Mutual Fund
1. HDFC Balanced Advantage Fund is Open-ended Dynamic Asset Allocation Hybrid scheme which belongs to HDFC Mutual Fund House.
2. The fund was launched on Sep 11, 2000.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seeks to provide long term capital appreciation / income from a dynamic mix of equity and debt investments. "
2. It is benchmarked against NIFTY 50 Hybrid Composite debt 50:50 Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 58.97% in equities, 27.78% in debts and 11.63% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 33.92% of the assets, the top 3 sectors constitute around 33.04% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on HDFC Balanced Advantage Fund-IDCW Monthly
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about HDFC Balanced Advantage Fund-IDCW Monthly
- Is it safe to invest in HDFC Balanced Advantage Fund?As per SEBI’s latest guidelines to calculate risk grades, investment in the HDFC Balanced Advantage Fund comes under Very High risk category.
- What is the category of HDFC Balanced Advantage Fund?HDFC Balanced Advantage Fund belongs to the Hybrid : Dynamic Asset Allocation category of funds.
- How Long should I Invest in HDFC Balanced Advantage Fund?The suggested investment horizon of investing into HDFC Balanced Advantage Fund is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the HDFC Balanced Advantage Fund?The HDFC Balanced Advantage Fund is managed by Anil Bamboli (Since Jul 29, 2022) , Gopal Agrawal (Since Jul 29, 2022) , Arun Agarwal (Since Oct 06, 2022) , Rakesh Vyas (Since Jun 28, 2014) , Srinivasan Ramamurthy (Since Jul 29, 2022) and Nirman Morakhia (Since Feb 15, 2023).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.