September 25, 2024
mayank
PGIM India Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 16.4800
NAV IDCW: Rs 13.0000
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 capital appreciation and income distribution to the investors by dynamically managing the asset allocation between equity and fixed income using equity derivatives strategies, arbitrage opportunities and pure equity investments. The scheme seeks to reduce the volatility by diversifying the assets across equity and fixed income.
Fund Manager:
1) Anandha Padmanabhan Anjeneyan
Education: Mr. Anjeneyan is a B. Com, ACA, CFA, FRM
Experience: Prior to joining PGIM India Asset Management Pvt Ltd, he has worked with Renaissance Investment Managers Private Limited, Canara Robeco Asset Management Company Limited.
2) Utsav Mehta
Education: Mr. Mehta has done B.Com and CFA
Experience: Prior to joining PGIM Mutual Fund, he has worked with Edelweiss Asset Management Ltd and Ambit Capital
3) Vinay Paharia
Education: Mr. Paharia holds a B.Com degree from Narsee Monjee College and an M.M.S. degree from Welingkar Institute of Management, Mumbai.
Experience: Prior to joining PGIM India Mutual Fund, he was associated with Union Mutual Fund, Invesco Asset Management Company, L&T Mutual Fund, K R Choksey Shares and Securities Pvt Ltd (Jan 2004-Jan 2006), First Global Stock broking Pvt. Ltd (Jun 2002-Jan 2004).
4) Puneet Pal
Education: Mr. Pal is a B.Com (H) and MBA from SIBM Pune.
Experience: Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 90 days |
Basic Details of PGIM India Balanced Advantage Fund
| Fund House | PGIM India Mutual Fund |
| Launch Date | 04-Feb-21 |
| Return Since Launch | 14.72% |
| Benchmark | CRISIL Hybrid 50+50 Moderate Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,124 Cr |
| (As on 31-Aug-2024) | |
| Expense | 0.47% |
| (As on 31-Aug-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
| Turnover | 48.00% |
PGIM India Balanced Advantage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM India Balanced Advantage Dir | 17.80 | -0.18 | 3.71 | 7.92 | 16.71 | 24.72 | 12.83 | — | — | — |
| VR Balanced TRI | 19.13 | 0.01 | 4.14 | 9.69 | 16.88 | 30.27 | 13.64 | — | — | — |
| Hybrid: Dynamic Asset Allocation | 18.45 | 0.00 | 2.42 | 6.82 | 14.40 | 28.12 | 14.25 | — | — | — |
| Rank within category | 17 | 35 | 5 | 8 | 5 | 21 | 20 | — | — | — |
| Number of funds in category | 34 | 38 | 38 | 37 | 36 | 33 | 25 | 21 | 14 | 9 |
PGIM India Balanced Advantage Fund Peer Comparison
| 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 (%) | |
| PGIM India Balanced Advantage Dir | 2 star | 24.72 | 12.83 | — | 0.47 | 1,124 | 14.72 | 0.50 (90) | 3Y 7M | 48.00 |
| HDFC Balanced Advantage Dir | 5 star | 35.62 | 24.35 | 22.08 | 0.72 | 95,391 | 16.85 | 1.00 (365) | 11Y 8M | 21.16 |
| ICICI Pru Balanced Advantage Dir | 4 star | 24.75 | 14.62 | 15.01 | 0.85 | 61,103 | 13.82 | 1.00 (365) | 11Y 8M | 29.00 |
| Edelweiss Balanced Advantage Dir | 4 star | 30.21 | 14.15 | 18.14 | 0.51 | 12,399 | 13.92 | 1.00 (90) | 11Y 8M | 80.00 |
| Tata Balanced Advantage Dir | 4 star | 24.02 | 14.05 | 16.17 | 0.35 | 10,208 | 15.47 | 1.00 (90) | 5Y 7M | 33.49 |
Portfolio Analysis of PGIM India Balanced Advantage Fund
| No. of Stocks | 56 |
| Top 10 Holdings | 39.47% |
| Top 5 Stocks | 25.71% |
| Top 3 Sectors | 32.28% |
| Portfolio P/B Ratio | 5.30 |
| Portfolio P/E Ratio | 34.82 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,42,233 | 2,46,550 |
| Giant (%) | 57.28 | 59.61 |
| Large (%) | 21.04 | 20.64 |
| Mid (%) | 19.16 | 15.14 |
| Small (%) | 2.51 | 4.86 |
| Tiny (%) | — | 0.03 |
| Fund | Category | |
| Number of Securities | 83 | 119 |
| Macaulay Duration (yrs) | — | 3.32 |
| Average Maturity (yrs) | 8.16 | 5.26 |
| Yield to Maturity (%) | 7.11 | 7.21 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For PGIM India Balanced Advantage Fund
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