March 29, 2024
mayank
HDFC Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 484.0810
Monthly NAV IDCW: Rs 42.9250
Suitable For Which Investors?
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.
Fund’s Investment Strategy:
The Scheme seeks to provide long term capital appreciation / income from a dynamic mix of equity and debt investments.
Fund Manager:
1) Gopal Agrawal
Education: Mr.Agrawal is a B.E and MBM.
Experience: 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.
2) Srinivasan Ramamurthy
Education: Mr. Ramamurthy is an engineer by qualification from Jadavpur University and has done his MBA from IIM – Calcutta.
Experience: 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.
3) Anil Bamboli
Education: 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.
Experience: Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.
4) Arun Agarwal
Education: Mr. Agarwal is a B.Com. and Chartered Accountant
Experience: 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.
5) Nirman S. Morakhia
Education: Mr. Morakhia has done BMS and MBA – Financial Markets
Experience: Prior to joining HDFC Mutual Fund, he has worked with Mirae Asset Global Investment Management India Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| 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-Jan-13 |
| Return Since Launch | 16.25% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 78,759 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.75% |
| (As on 29-Feb-2024) | |
| Risk Grade | High |
| Return Grade | High |
| Turnover | 14.73% |
Trailing Returns (%) of HDFC Balanced Advantage Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC Balanced Advantage Dir | 5.79 | 0.55 | 0.56 | 5.79 | 17.87 | 40.48 | 25.00 | 18.27 | 15.86 | 17.35 |
| VR Balanced TRI | 2.04 | 0.50 | 0.62 | 2.04 | 12.03 | 26.21 | 14.62 | 13.81 | 13.50 | 12.97 |
| Hybrid: Dynamic Asset Allocation | 4.34 | 0.50 | 0.85 | 4.34 | 12.62 | 26.53 | 13.90 | 12.87 | 10.92 | 11.69 |
| Rank within category | 6 | 14 | 23 | 6 | 4 | 1 | 1 | 1 | — | — |
| Number of funds in category | 34 | 36 | 36 | 34 | 33 | 31 | 24 | 20 | 13 | 8 |
Peer Comparison of HDFC Balanced Advantage Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| HDFC Balanced Advantage Dir | 5 star | 40.48 | 25.00 | 18.27 | 0.75 | 78,759 | 16.25 | 1.00 (365) | 11Y 2M | 14.73 |
| ICICI Pru Balanced Advantage Dir | 4 star | 23.47 | 14.12 | 13.46 | 0.84 | 55,229 | 13.37 | 1.00 (365) | 11Y 2M | 27.00 |
| Edelweiss Balanced Advantage Dir | 4 star | 27.21 | 14.53 | 15.63 | 0.53 | 10,623 | 13.20 | 1.00 (90) | 11Y 2M | 73.00 |
| Tata Balanced Advantage Dir | 4 star | 24.76 | 14.42 | 14.91 | 0.30 | 8,730 | 14.76 | 1.00 (90) | 5Y 2M | 41.76 |
| Sundaram Balanced Advantage Dir | 4 star | 23.39 | 13.22 | 13.54 | 0.62 | 1,520 | 12.13 | 1.00 (365) | 11Y 2M | 253.00 |
Portfolio Analysis of HDFC Balanced Advantage Fund
| No. of Stocks | 139 |
| Top 10 Holdings | 33.62% |
| Top 5 Stocks | 20.51% |
| Top 3 Sectors | 32.51% |
| Portfolio P/B Ratio | 2.79 |
| Portfolio P/E Ratio | 16.23 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,13,193 | 2,14,226 |
| Giant (%) | 64.04 | 59.10 |
| Large (%) | 19.11 | 19.28 |
| Mid (%) | 9.20 | 17.13 |
| Small (%) | 7.63 | 5.04 |
| Tiny (%) | 0.03 | 0.06 |
| Fund | Category | |
| Number of Securities | 322 | 111 |
| Macaulay Duration (yrs) | 3.27 | 2.86 |
| Average Maturity (yrs) | 5.77 | 4.04 |
| Yield to Maturity (%) | 7.43 | 7.39 |
| Avg Credit Rating | AAA | — |
How to Invest in HDFC Balanced Advantage Fund?
Chanakya’s Mutual Fund Guidance For HDFC Balanced Advantage Fund
Do not invest in this, or any other dynamic asset allocation fund, if you need to redeem your investment in less than five years.
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