HSBC Balanced Advantage Fund Direct IDCW

Hybrid
Dynamic Asset Allocation
Moderately High Risk
12.12%
3Y annualised
+0.38% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 17 May 2024₹22.75
Min. SIP amount₹500
Rating3
Fund size₹1,421.95Cr

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 returns22.9%12.1%11.8%12.2%
Category average24.4%12.8%12.3%NA
Rank with in category191715NA
Understand terms

Holdings (68)

NameSectorInstrumentAssets
FinancialEquity4.46%
FinancialEquity4.41%
EnergyEquity4.25%
GOI
SovereignGOI Sec3.74%
National Bank For Agriculture & Rural Development
FinancialDebenture3.60%
SovereignGOI Sec3.55%
ConstructionEquity3.31%
HealthcareEquity2.62%
CommunicationEquity2.54%
SovereignGOI Sec2.26%
See All

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.

Hitesh Gondhia
Oct 2023 - Present
View details

Education
Mr. Gondhia has done PGDBM, Finance
Experience
Prior to joining HSBC Mutual Fund, he has worked with L&T Investment Management Ltd, Edelweiss Securities Ltd and Karvy Stock Broking Ltd
Also manages these schemes

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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