Hdfc Balanced Advantage Fund Idcw Reinvestment Direct Plan

About HDFC Balanced Advantage Fund – IDCW Reinvestment – Direct Plan

HDFC Balanced Advantage Fund – IDCW Reinvestment – Direct Plan is a mutual fund scheme offered by HDFC Mutual Fund that follows a balanced advantage strategy, aiming to provide capital appreciation and income over the long term. This is a direct plan, which means no intermediaries are involved, allowing for lower expense ratios and potentially higher returns. The scheme offers the facility of IDCW (Income Distribution cum Capital Withdrawal) Reinvestment, where the income generated by the fund is reinvested back into the scheme, resulting in a higher NAV (Net Asset Value) of the units held by the investor.

Key Parameters For HDFC Balanced Advantage Fund – IDCW Reinvestment – Direct Plan

Here are some key parameters for HDFC Balanced Advantage Fund – IDCW Reinvestment – Direct Plan:

• AUM: INR 51,042.46 Crores 1
• The latest NAV declared: INR 32.715 as on March 24, 2023, at 7:09 pm 1
• Scheme return performance in last year:71% 1
• Scheme return performance in last three years:37% 1
• Scheme return performance since scheme launch:42% 1
• Investment objective: To generate long-term capital appreciation by investing in a mix of equity and debt instruments 2
• Asset allocation: Approximately 60% equity and 40% debt instruments 2
• Top holdings of the fund (as of February 2023): Reliance Industries Ltd., ICICI Bank Ltd., Infosys Ltd., Housing Development Finance Corporation Ltd., and Bharti Airtel Ltd3
• Taxation: The HDFC Balanced Advantage Fund – IDCW Reinvestment – Direct Plan is taxed as per the Income Tax Act, 1961.

Taxation

The HDFC Balanced Advantage Fund – IDCW Reinvestment – Direct Plan is taxed as per the Income Tax Act of 1961. The tax rate depends on the holding period of the investment. If the investment is held for less than one year, it is considered a short-term capital gain and taxed at a rate of 15%. If the investment is held for more than one year, it is regarded as a long-term capital gain and taxed at a rate of 10%.

Holdings

The HDFC Balanced Advantage Fund – IDCW Reinvestment – Direct Plan invests in equity and debt instruments. As of February 2023, the fund’s top holdings include Reliance Industries Ltd., ICICI Bank Ltd., Infosys Ltd., Housing Development Finance Corporation Ltd., and Bharti Airtel Ltd.

Returns

The HDFC Balanced Advantage Fund – IDCW Reinvestment – Direct Plan has an AUM of INR 51,042.46 Crores, and the latest NAV declared is INR 32.715 as on March 24, 2023, at 7:09 pm. The scheme return performance in the last year is 13.71%; in the previous three years, it has been 139.37% and 272.42% since the launch. However, it’s important to note that past performance does not guarantee future returns. The return potential of this fund in 2023 will depend on various factors such as market conditions, economic growth, inflation rates, etc.

The investment objective of HDFC Balanced Advantage Fund – IDCW Reinvestment – Direct Plan

The HDFC Balanced Advantage Fund – IDCW Reinvestment – Direct Plan aims to generate long-term capital appreciation by investing in a mix of equity and debt instruments. The fund seeks to maintain an asset allocation of approximately 60% equity and 40% debt instruments.

Minimum Investment and Lock-in Period

The minimum investment amount for HDFC Balanced Advantage Fund – IDCW Reinvestment – Direct Plan is INR 100. There is no lock-in period for this fund.

HDFC Asset Management Company

HDFC Asset Management Company Limited is a leading mutual fund company in India that offers its clients a wide range of investment solutions. It is a joint venture between HDFC Ltd., one of India’s largest housing finance companies, and Standard Life Investments Limited, a leading asset management company from the UK. HDFC AMC manages various mutual fund schemes catering to different investment objectives and risk profiles, including equity, debt, hybrid, and solution-oriented funds. The company has a strong track record of delivering consistent returns to its investors and is known for its transparent and customer-centric investment approach.