HSBC Balanced Advantage Fund Direct Growth

Hybrid
Dynamic Asset Allocation
Moderately High Risk
11.90%
3Y annualised
+0.26% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 01 Mar 2024₹44.06
Min. SIP amount₹500
Rating3
Fund size₹1,398.79Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Hybrid Dynamic Asset Allocation
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns24.8%11.9%11.9%12.2%
Category average24.1%11.9%12.1%NA
Rank with in category171715NA
Understand terms

Holdings (69)

NameSectorInstrumentAssets
FinancialEquity5.96%
FinancialEquity4.71%
EnergyEquity4.08%
GOI
SovereignGOI Sec3.69%
FinancialDebenture3.57%
SovereignGOI Sec3.51%
HealthcareEquity2.83%
ConstructionEquity2.71%
ConstructionEquity2.68%
SovereignGOI Sec2.22%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Cons

1Y and 10Y annualised returns higher than category average
3Y and 5Y annualised returns lower than category average
Lower expense ratio: 0.78%
Higher alpha: 1.94 The fund has generated returns higher than benchmark - NIFTY 50 Hybrid Composite debt 50:50 Index - in the last 3Y

Expense ratio, exit load and tax

Expense ratio: 0.78%

Inclusive of GST

Exit load

Exit load of 1% if units in excess of 10% are redeemed or switched-out 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₹500

Fund management

Praveen Ayathan
Oct 2023 - Present
View details

Education
Mr. Praveen is a B.Sc (Mathematics).
Experience
Prior to joining HSBC Mutual Fund, he has worked with L&T MF, Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.

Fund house & investment objective

Fund house contact details

Address
9-11th Floor,NESCO - IT Park Bldg. 3,Western Express Highway, Goregaon East, Mumbai 400063
Phone
NA
Launch Date
27 May 2002
HSBC Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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