HDFC Balanced Advantage Fund Growth is a Hybrid Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was introduced to investors on 11 Sep 2000. Srinivas Rao Ravuri is the Current Fund Manager of HDFC Balanced Advantage Fund Growth.The fund currently has an Asset Under Management(AUM) of ₹42,313 Cr and the Latest NAV as of 14 Oct 2019 is ₹188.99.
The HDFC Balanced Advantage Fund Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. For units in excess of 15% of the investment, 1% will be charged for redemption within 1 year..
Investment Objective
Aims to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.
Tax Implications
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.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
For units in excess of 15% of the investment, 1% will be charged for redemption within 1 year.
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