Hdfc Balanced Advantage Fund Growth Direct Plan Adjusted

HDFC Mutual Fund offers numerous products, and one hybrid mutual fund offered by HDFC is the Balanced Advantage Fund Direct Plan-Growth. The fund managers for this scheme—Gopal Agrawal, Anil Bamboli, Arun Agarwal, Srinivasan Ramamurthy, and Nirman Morakhia—are currently in charge. The scheme was introduced on an invalid date. Its AUM is INR 51,042.46 Crores, and as of Mar. 16, 2023, 12:16 p.m.

The return on investment for the HDFC Balanced Advantage Fund Direct Plan-Growth scheme over the previous year, the past three years, and since the scheme’s start totals 15.77%, 96.03%, and 259.79%. The minimum SIP investment in this programme is one hundred rupees.

Key Parameters

Investors can clearly see why HDFC Balanced Advantage Fund – Growth is a better investment option by comparing its key metrics, including NAV, Asset Under Management, and Expense Ratio.

• As of 15-03-2023, the NAV for HDFC Balanced Advantage Fund Direct Plan Growth Option is INR 340.946.
• As of January 31, 2023, HDFC Balanced Advantage Fund Direct Plan Growth Option had assets under management (AUM) of 51042 crore, which is more than the category average.
• The cost ratio for the fund is 0.87%.

Taxation

The taxes are as follows because it is a dynamic asset allocation mutual fund:

• If more than 65% of the fund’s assets are in equity instruments, the fund is equity-oriented.
• Capital gains that are short-term (less than a year) are subject to a 15% tax.
• Long-term capital gains (greater than a year) will be subject to a 10% tax without an indexation advantage.
• Gains up to Rs. 1 lakh are not subject to tax (more than 12 months).
• If more than 65% of the fund’s assets are in debt instruments, the fund is debt-oriented.
• Capital gains that are short-term (less than three years) are taxed at your income slab rate.
• Capital gains will be taxed at 20% with indexation for long-term (greater than 3 years) gains.
• The slab rate of tax will always apply to dividends.

Holdings

The government, financial services, corporate, cash equivalent, energy, industrial, utilities, tech, consumer defensive, consumer cyclical, health, communication, real estate, and basic materials sectors have received the majority of the funds allocated under the HDFC Balanced Advantage Fund Direct Plan Growth Option.

Returns

Since its inception, HDFC Balanced Advantage Fund Direct Plan Growth Option has had a CAGR return of 14.07%. The fund has produced returns with a CAGR of 15.77%, 25.15%, and 12.55% during the last 1, 3, and 5 years, respectively.

Investment objective of the HDFC Balanced Advantage Fund

to deliver long-term capital growth or income from a flexible combination of debt and equity assets. The achievement of the scheme’s investment goal cannot be guaranteed.

Minimum Investment and Lock-in period

The minimum investment for both SIP and lump sum payments is INR 100. There is no lock-in period for the HDFC Balanced Advantage Fund Direct Plan Growth Option.

AMC Information

Housing Development Finance Corporation Ltd. (HDFC) Mutual Fund receives asset management services from India-based HDFC Asset Management Company Limited. The company also offers high-net-worth individuals (HNIs), family offices, domestic corporations, trusts, and provident funds, as well as domestic and international organisations, portfolio management, and segregated account services, including discretionary, non-discretionary, and advisory services. The product line offered by the company includes liquid, debt- and equity-oriented, as well as other, schemes. All of its solution-oriented portfolios are included in its equity-oriented scheme. ETFs, arbitrage funds, and fund of funds (FoFs) are some of its other strategies.