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HDFC Balanced Advantage Fund Direct Plan Growth

Hybrid
Dynamic Asset Allocation
Very High Risk
17.44%
3Y annualised
+0.59% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 08 Aug 2022₹320.72
Min. SIP amount₹300
Rating2
Fund size₹43,078.53Cr

Returns and rankings

Category: Hybrid Dynamic Asset Allocation
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns14.5%17.4%11.4%14.3%
Category average24.8%9.3%9.1%NA
Rank with in category12NANA
Understand terms

Holdings (91)

NameSectorInstrumentAssets
State Bank of IndiaFinancialEquity7.1%
HDFC Bank Ltd.FinancialEquity4.8%
Reserve Bank of India
FinancialT-Bills4.6%
Coal India Ltd.EnergyEquity4.4%
ICICI Bank Ltd.FinancialEquity4.3%
NTPC Ltd.EnergyEquity3.9%
Reserve Bank of India
FinancialT-Bills3.7%
ITC Ltd.Consumer StaplesEquity3.5%
GOI
SovereignGOI Sec3.3%
Infosys Ltd.TechnologyEquity3.2%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Cons

Consistently top ranked fund
Higher AUM: 43078Cr. Funds with a higher AUM tend to have lower returns in the future
3Y and 5Y annualised returns higher than category average
1Y annualised returns lower than category average by 10.27%
Higher alpha: 1.39 The fund has generated returns higher than benchmark - NIFTY 50 Hybrid Composite debt 50:50 Index - in the last 3Y
Low rating: 2
Lower expense ratio: 0.99%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Expense ratio, exit load and tax

Expense ratio: 0.99%

Inclusive of GST

Exit load

For units in excess of 15% of the investment, 1% will be charged for redemption within 1 year.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹300

Fund management

Anil Bamboli
Jul 2022 - Present
View details

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.
Also manages these schemes

Gopal Agrawal
Jul 2022 - Present
View details

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.
Also manages these schemes

Srinivasan Ramamurthy
Jul 2022 - Present
View details

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.
Also manages these schemes

Priya Ranjan
May 2022 - Present
View details

Education
Mr. Ranjan is B.E(Computer Science) and PGDBM (Finance).
Experience
He has over 14 years of experience in equity research.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
"HDFC House"-2nd Floor,H.T. Parekh Marg - 165-166, Backbay Reclamation,Churchgate Mumbai 400020
Phone
1800-3010-6767 / 1800-419-7676
Launch Date
10 Dec 1999
E-mail
NA
Website
NA
HDFC Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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FAQs

How to Invest in HDFC Balanced Advantage Fund Direct Plan Growth?

You can easily invest in HDFC Balanced Advantage Fund Direct Plan Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for HDFC Balanced Advantage Fund Direct Plan Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in HDFC Balanced Advantage Fund Direct Plan Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does HDFC Balanced Advantage Fund Direct Plan Growth provide?

The HDFC Balanced Advantage Fund Direct Plan Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 14.51% since its inception.

How much expense ratio is charged by HDFC Balanced Advantage Fund Direct Plan Growth?

The term Expense Ratio used for HDFC Balanced Advantage Fund Direct Plan Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of HDFC Balanced Advantage Fund Direct Plan Growth is 0.99% as of 10 Aug 2022...

What is the AUM of HDFC Balanced Advantage Fund Direct Plan Growth?

The AUM, short for Assets Under Management of HDFC Balanced Advantage Fund Direct Plan Growth is ₹43,078.53Cr as of 10 Aug 2022.

How to Redeem HDFC Balanced Advantage Fund Direct Plan Growth?

If you want to sell your HDFC Balanced Advantage Fund Direct Plan Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of HDFC Balanced Advantage Fund Direct Plan Growth?

You can select either SIP or Lumpsum investment of HDFC Balanced Advantage Fund Direct Plan Growth based on your investment objective and risk tolerance.

What is the NAV of HDFC Balanced Advantage Fund Direct Plan Growth?

The NAV of HDFC Balanced Advantage Fund Direct Plan Growth is ₹320.72 as of 08 Aug 2022.

What is the PE and PB ratio of HDFC Balanced Advantage Fund Direct Plan Growth?

The PE ratio ratio of HDFC Balanced Advantage Fund Direct Plan Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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