|Min SIP Amount||Not Supported|
|NAV||₹28.25 (16 Apr 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹39,784 Cr|
HDFC Balanced Advantage Fund Direct Plan IDCW Monthly is a Hybrid Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Prashant Jain, Rakesh Vyas is the Current Fund Manager of HDFC Balanced Advantage Fund Direct Plan IDCW Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹39,784 Cr and the Latest NAV as of 16 Apr 2021 is ₹28.25.
The HDFC Balanced Advantage Fund Direct Plan IDCW Monthly is rated Very High risk. Minimum SIP Investment is set to 500. For units in excess of 15% of the investment, 1% will be charged for redemption within 1 year.
The Scheme seeks to provide long term capital appreciation / income from a dynamic mix of equity and debt investments.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.