| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.08% |
| NAV | ₹23.22 (23 Oct 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹34,659 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| State Bank of India | Financial | Equity | 7.7% |
| Infosys Ltd. | Technology | Equity | 6.7% |
| ICICI Bank Ltd. | Financial | Equity | 6.2% |
| Larsen & Toubro Ltd. | Construction | Equity | 5.1% |
| Power Grid Corporation of India Ltd. | Energy | Equity | 4.9% |
| National Thermal Power Corp. Ltd. | Energy | Equity | 4.5% |
| ITC Ltd. | FMCG | Equity | 4.3% |
| Coal India Ltd. | Energy | Equity | 3.9% |
| Power Finance Corpn. Ltd. | Financial | Equity | 3.0% |
| REC Ltd. | Financial | Equity | 2.2% |
HDFC Balanced Advantage Fund Direct Plan Dividend 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 Dividend Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹34,659 Cr and the Latest NAV as of 23 Oct 2020 is ₹23.22.
The HDFC Balanced Advantage Fund Direct Plan Dividend Monthly is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. 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.