HDFC Balanced Advantage Fund Direct Plan Growth Option
Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 492.28 as on 23-04-2024
Fund Performance
30900 people have invested ₹ 33Cr in HDFC Balanced Advantage Fund Direct Plan Growth Option in the last three months
Mutual Fund Insights
In the last 1 year, Quant Dynamic Asset Allocation Fund Direct Growth has given 61.42% return, outperforming this fund by 20.89%.
In the last 5 years, this fund has outperformed all funds in its category.
This fund expense ratio is slightly on the lower side within the category (dynamic asset allocation). Its expense ratio is 0.72% which is lower than the category average expense ratio of 1.14%.
Over the last 6 months, this fund has experienced a 24.2% growth in AUM moving from 64.31K Cr to 79.87K Cr.
In the last 3 years, this fund has outperformed all funds in its category.
Over the last 15 months, this fund has decreased expense ratio by 21.7% moving from 0.92 to 0.72.
This fund with AUM at ₹79875.08Cr is among the largest funds in the dynamic asset allocation category.
INDmoney Rank of HDFC Balanced Advantage Fund Direct Plan Growth Option
Powered by IND quant engine
13
/15
23% Performance
43% Risk Management
34% Cost
13 out of 15 among dynamic asset allocation
About the HDFC Balanced Advantage Fund Direct Plan Growth Option
HDFC Balanced Advantage Fund aims to provide long-term capital appreciation and income through a dynamic mix of equity and debt investments. This fund offers investors a balanced portfolio of different asset classes with varying risk-return profiles and low correlation to each other. The asset allocation between equity and debt investments is determined by the fund manager based on prevailing market and economic conditions.The equity-debt mix in the HDFC Balanced Advantage Fund is determined by factors such as interest rates, equity valuations, medium to long-term outlook of the asset classes, and risk management. This dynamic approach enables the fund to optimize returns while minimizing risks. HDFC Balanced Advantage Fund is suitable for investors who are looking for a balanced investment option that can offer moderate returns without excessive risks.
Key Parameters
- HDFC Balanced Advantage Fund Direct Plan Growth Option has ₹79875 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.7.
HDFC Balanced Advantage Fund Direct Plan Growth Option Overview
 | 0.72% |
 Benchmark | null |
 | ₹79875 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 19.43% |
HDFC Balanced Advantage Fund Direct Plan Growth Option Distribution as on (31-Mar-24)
Size breakup
Large cap
50.2%
Mid cap
10.8%
Small cap
7.8%
Sector Allocation
Financial Services
34.3%
Industrial
15.3%
Energy
13.1%
Utilities
9.2%
Tech
5.9%
Consumer Cyclical
5.9%
Health
5.5%
Consumer Defensive
3.4%
Basic Materials
2.7%
Communication
2.5%
Real Estate
2.1%
Top Holdings of HDFC Balanced Advantage Fund Direct Plan Growth Option as on (31-Mar-24)
Equity Holdings162
Debt Holdings99
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.94% | 0% | |
 Coal India Ltd | 3.92% | -2.6% | |
 State Bank of India | 3.81% | -1.6% | |
 ICICI Bank Ltd | 3.5% | 0% | |
 NTPC Ltd | 3.39% | -4.3% |
See all
HDFC Balanced Advantage Fund Direct Plan Growth Option: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 78.8K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
HDFC Balanced Advantage Fund Direct Plan Growth Option Fund Manager
Srinivasan Ramamurthy
Fund Manager of HDFC Balanced Advantage Fund Direct Plan Growth Option, since 29 July 2022
Top funds managed
Anil Bamboli
Fund Manager of HDFC Balanced Advantage Fund Direct Plan Growth Option, since 29 July 2022
Top funds managed
Gopal Agrawal
Fund Manager of HDFC Balanced Advantage Fund Direct Plan Growth Option, since 29 July 2022
Top funds managed
HDFC Balanced Advantage Fund Direct Plan Growth Option Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.32% since inception which is more than its category average return of 11.62%
Fund Allocations
This fund has an allocation of 57.04% in Equity, 27.46% in Debt and 15.5% in Cash related instruments
AUM size ₹79875 Cr
This fund has AUM of ₹79875 Cr which is more than its category average of ₹ 8144 Cr
Expense Ratio 0.72%
This fund has an expense ratio of 0.72% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions
The current NAV of HDFC Balanced Advantage Fund Direct Plan Growth Option is ₹492.28 as on 23-Apr-2024.
Existing (Absolute + CAGR) as on 23-Apr-2024.
HDFC Balanced Advantage Fund Direct Plan Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 2.66% | 2.66% |
6 Month Returns | 21.62% | 21.62% |
1 Year Returns | 40.53% | 40.53% |
3 Years Returns | 103.11% | 26.64% |
5 Years Returns | 140.4% | 19.18% |
With INDmoney, the process of investing is very simple and involves zero commission.
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- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
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0.72% as on March 2024
₹79875 Cr as on March 2024
HDFC Bank Ltd(5.94%), Coal India Ltd(3.92%), State Bank of India(3.81%), ICICI Bank Ltd(3.5%), 7.38% Govt Stock 2027(3.44%) as on March 2024
Financial Services(19.46%), Government(18.08%), Cash Equivalent(15.25%) as on March 2024
AAA | 97.06 |
AA | 1.29 |
Srinivasan Ramamurthy, Anil Bamboli, Gopal Agrawal are the fund managers of HDFC Balanced Advantage Fund Direct Plan Growth Option
The Exit load of HDFC Balanced Advantage Fund Direct Plan Growth Option is 1%