March 23, 2024
mayank
HSBC Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 43.5234
NAV IDCW: Rs 22.3314
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 generate long term capital growth and income through investments in equity and equity related securities and fixed income instruments.
Fund Manager:
1) Gautam Bhupal
Education: Mr. Bhupal holds a PGDBM and is a CA, CS and B.Com (Hons)
Experience: Prior to joining HSBC Mutual Fund he was working with IDFC Asset Management Company Ltd., Motilal Oswal Securities Ltd., Infosys Ltd., Vickers Ballas Securities Ltd., SBC Warburg, UTI Securities Ltd.
2) Neelotpal Sahai
Education: Mr. Sahai is a B.Tech from IT BHU and PGDM from IIM
Experience: Prior to joining HSBC AMC he has worked with IDFC Investment Advisors.
3) Mahesh A Chhabria
Education: Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.
Experience: Prior to joining HSBC MF, he has worked with L&T AMC, Edelweiss Securities Ltd, Darivium Traditions Pvt. Ltd. and FIL Fund Management Pvt. Ltd.
4) Hitesh Gondhia
5) Praveen Ayathan
Education: Mr. Praveen is a B.Sc (Mathematics).
Experience: Prior to joining HSBC Mutual Fund, he has worked with L&T MF, Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption Within 365 days |
Basic Details
| Fund House | HSBC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 12.09% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 1,392 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.78% |
| (As on 29-Feb-2024) | |
| Risk Grade | Low |
| Return Grade | Below Average |
| Turnover | 97.00% |
Trailing Returns (%) of HSBC Balanced Advantage Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Balanced Advantage Dir | 3.11 | 0.17 | -0.68 | 3.64 | 11.39 | 24.32 | 11.54 | 11.22 | 10.18 | 12.49 |
| VR Balanced TRI | 1.92 | 0.34 | -0.43 | 3.56 | 11.70 | 27.56 | 14.45 | 14.06 | 13.69 | 13.24 |
| Hybrid: Dynamic Asset Allocation | 3.41 | 0.33 | -0.30 | 4.64 | 12.01 | 26.18 | 13.55 | 12.86 | 10.98 | 12.12 |
| Rank within category | 17 | 31 | 29 | 23 | 16 | 21 | 18 | 16 | 9 | — |
| Number of funds in category | 34 | 36 | 35 | 34 | 33 | 31 | 24 | 20 | 13 | 7 |
Peer Comparison of HSBC 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 (%) | |
| HSBC Balanced Advantage Dir | 3 star | 24.32 | 11.54 | 11.22 | 0.78 | 1,392 | 12.09 | 1.00 (365) | 11Y 2M | 97.00 |
| HDFC Balanced Advantage Dir | 5 star | 40.06 | 24.07 | 18.53 | 0.75 | 78,759 | 16.17 | 1.00 (365) | 11Y 2M | 14.73 |
| ICICI Pru Balanced Advantage Dir | 4 star | 23.10 | 13.71 | 13.39 | 0.84 | 55,229 | 13.30 | 1.00 (365) | 11Y 2M | 27.00 |
| Edelweiss Balanced Advantage Dir | 4 star | 26.61 | 14.19 | 15.74 | 0.53 | 10,623 | 13.11 | 1.00 (90) | 11Y 2M | 73.00 |
| Tata Balanced Advantage Dir | 4 star | 24.56 | 14.15 | 14.82 | 0.30 | 8,730 | 14.64 | 1.00 (90) | 5Y 1M | 41.76 |
Portfolio Analysis of HSBC Balanced Advantage Fund
| No. of Stocks | 53 |
| Top 10 Holdings | 34.90% |
| Top 5 Stocks | 21.28% |
| Top 3 Sectors | 30.55% |
| Portfolio P/B Ratio | 3.70 |
| Portfolio P/E Ratio | 27.53 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,20,268 | 2,14,226 |
| Giant (%) | 45.52 | 59.10 |
| Large (%) | 13.22 | 19.28 |
| Mid (%) | 33.27 | 17.13 |
| Small (%) | 7.99 | 5.04 |
| Tiny (%) | — | 0.06 |
| Fund | Category | |
| Number of Securities | 69 | 110 |
| Macaulay Duration (yrs) | 2.89 | 2.86 |
| Average Maturity (yrs) | 3.37 | 4.04 |
| Yield to Maturity (%) | 7.63 | 7.39 |
| Avg Credit Rating | AAA | — |
How to Invest in HSBC Balanced Advantage Fund?
Chanakya’s Mutual Fund Guidance For HSBC 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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