HSBC Balanced Advantage Fund Direct Growth

Hybrid
Dynamic Asset Allocation
Moderately High Risk
8.44%
3Y annualised
-0.43% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 27 Jan 2023₹35.12
Min. SIP amount₹500
Rating3
Fund size₹1,660.84Cr

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 returns3.9%8.4%7.7%11.2%
Category average2.8%9.2%6.9%NA
Rank with in category16199NA
Understand terms

Holdings (75)

NameSectorInstrumentAssets
GOI
SovereignGOI Sec11.6%
GOISovereignGOI Sec10.5%
GOI
SovereignGOI Sec4.3%
DLF Ltd. - (DLF)ConstructionEquity3.7%
Reliance Industries Ltd.EnergyEquity2.8%
Zee Entertainment Enterprises Ltd.ServicesEquity2.8%
Sun Pharmaceutical Industries Ltd.HealthcareEquity2.4%
ICICI Bank Ltd.FinancialEquity2.2%
Axis Bank Ltd.FinancialEquity2.1%
Infosys Ltd.TechnologyEquity2.1%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Cons

1Y, 5Y and 10Y annualised returns higher than category average
3Y annualised returns lower than category average by 0.81%
Lower expense ratio: 0.74%

Expense ratio, exit load and tax

Expense ratio: 0.74%

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

Ritesh Jain
Nov 2022 - Present
View details

Education
Ritesh holds a PGDBA from K.J. Somaiya Institute of Management Studies & Research, Mumbai and B.Com (Hons.) from University of Calcutta.
Experience
Prior to joining HSBC Mutual Fund, he has worked with PGIM India AMC, he was the Head - Fixed Income with Morgan Stanley Investment Management Pvt. Ltd. ( March 2009 - June 2014 ). He has also been the Head - Fixed Income with Principal PNB AMC ( April 2001 - February 2009).
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
9-11th Floor,NESCO - IT Park Bldg. 3, Nesco Complex,Western Express Highway, Goregaon East, Mumbai 400063
Phone
022-66145000 / 66668819 / 1800-200-2434
Launch Date
27 May 2002
Website
NA
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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