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(Previously Known as HDFC Prudence Fund)
HDFC Mutual Fund is one of the country’s well-established fund house and also one of the largest mutual funds. The first scheme was launched in July 2000. The assets managed by HDFC Mutual Fund was Rs. 33,496,409.73 for the quarter as on 31st December 2018. With numerous schemes made available under HDFC Mutual Fund, it caters to different needs of people. The HDFC Asset Management company which was set up as a subsidiary of HDFC Ltd. It is also involved in many CSR activities and is actively a part of philanthropic causes. Through this activity, the fund tries to tap investors who would like to donate part of their divided to such causes.
What are Equity Funds?
Equity funds are also called as Stock Funds. Under equity funds, investments are made in stocks of companies that leads toward ownership as well. This type of investment yields long term gains and is the least risky. Most stock funds are publicly traded.
Under Equity Funds, HDFC Mutual Fund offers funds in three categories:
1. Sector-specific funds: Under this type of Mutual Fund, investments are made in certain sectors like infrastructure, banking etc. or specific segments like mid-cap, small-cap etc.
2. Index Funds: These funds are meant for investors who prefer investing in equity funds but do not want to use Fund manager. These funds follow a specific index and replicates the index performance.
3. Tax Saving Funds: It is also called as Equity Linked Saving Schemes (ELSS). This type of fund has a 3-year lock in period and primarily offers tax saving benefits to the investor.
HDFC Balanced Advantage Fund
The HDFC Balanced Advantage Fund is an open-ended balanced advantage fund with an objective of providing long term capital appreciation/income from a mix of equity and return investments. The investments are made in a mix of equity and debt instruments. The risk level is moderately high. The AUM as on January 31, 2019 is Rs. 38,405.13 cr and Average is Rs.38, 409.81
| Inception Date | February 1, 1994 |
| Type of Scheme | Open Ended |
| Objective | Capital Appreciation/Income from equity and return investments |
| Minimum Application Amount | Rs 5000/-, Additional purchase at Rs. 1000/-, |
| Benchmark | NIFTY 50 Hybrid Composite Debt 65:35 Index |
| Additional Benchmark | NIFTY 50 TRI |
| Schemes | Dividend and Growth types |
HDFC Balanced Advantage Fund - Performance
The returns over the year of this fund are:
Regular Plan – Growth Option
| Period | Returns (%) | Benchmark Returns (%) |
|---|---|---|
| Last 1 year | -5.25 | 2.18 |
| Last 3 years | 13.09 | 12 |
| Last 5 years | 16.23 | 12.11 |
| Since inception (3045 days) | 18.46 | NA |
SIP Performance Regular Plan – Growth Option
| Period | Returns (%) | Benchmark Returns (%) |
|---|---|---|
| Last 1 year | 1.24 | 4.25 |
| Last 3 years | 7.61 | 9.32 |
| Since inception (3045 days) | 19.31 | NA |
Returns greater than 1 year are compounded annualized. Past performance may not be sustained for future.
HDFC Balanced Advantage Fund – Portfolio
The top 10 Issuers and Performers contributing to the HDFC Balanced Advantage Fund portfolio are:
| Top 10 Issuers | Net Assets (%) |
|---|---|
| Tata Sons Ltd. | 3.47 |
| HDFC Bank Ltd. | 1.82 |
| Canara Bank Ltd. | 1.70 |
| ICICI Bank | 1.23 |
| Punjab National Bank | 1.11 |
| Union Bank of India | 0.75 |
| Axis Bank | 0.61 |
| Syndicate Bank | 0.34 |
| Andhra Bank | 0.05 |
| Top 10 Sectors | Net Assets (%) |
|---|---|
| Banks | 24.64 |
| Software | 10.94 |
| Power | 8.01 |
| Construction | 7.26 |
| Petroleum | 6.64 |
| Finance | 4.20 |
| Consumer Non-Durables | 2.73 |
| Pharma | 2.71 |
| Minerals | 2.35 |
| Ferrous Metals | 2.28 |
NAV of HDFC Balanced Advantage Fund
| NAV (as on January 31, 2019) | NAV per unit (Rs) |
|---|---|
| Regular Plan – Growth Option | 187.216 |
| Regular Plan – Dividend Option | 28.378 |
| Direct Plan – Growth Option | 194.216 |
| Direct Plan – Dividend Option | 29.889 |
How to invest in HDFC Balanced Advantage Fund?
There are two ways to invest in HDFC Mutual Funds.
Online:
A dedicated website offers information on various schemes/investment options and related details making it easy to take a quick decision on which one to invest. An account can be created to start investing, selling and switching schemes to maximise returns. The HDFC Mutual App is available for downloading on the phones to access your account or make changes to your investments anywhere and at any time.
Offline:
With a wide network of branches across the country, it is also convenient to drop into any of the bank branches or Mutual Fund centre to get details and make investments. Here, you can consult a fund representative in regard to various schemes to make a prudent choice. Thereafter, the application form along with required documents can be submitted.
Documents required for investing in HDFC Balanced fund
Resident Customers
- PAN Card
- ID Proof – PAN Card, Driving License, Valid Passport copy, Voter ID, Mapin card copy
- Address Proof - Electricity Bill/Phone Bill, License, Passport, Visa, Ration Card, Passbook, Voters ID, Rent Agreement
Non-Resident Customers
NRI Customers who have been met in person
1. Address Proof [Either Mailing Address or the Overseas Address]
2. Non-English language declaration (In case of Document in a foreign language)
The document to be self-attested by the customer & countersigned by the RM as "Original seen & verified"
FAQs: HDFC Balanced Advantage Fund
1. How can I complete the KYC formalities?
One has the option of going to the bank personally and submit KYC details. The other method is be updating the details online through net banking.
2. Is it possible to switch between schemes/investment options?
Yes, you can switch between schemes, investment options/plans by submitting a transaction slip that can be downloaded from the website or detached from the bottom of the account statement. It needs to be submitted at any of the official points of transaction of the fund house.
3. What is NEFT?
National Electronic Funds Transfer is a facility introduced by RBI to transfer funds from any bank branch to another one anywhere in the country.
4. What is HDFC Flex SIP?
HDFC Flex SIP is a facility available for investors to invest at pre-decided intervals in select schemes of the fund. Higher amounts of investment are formula linked to the value of investments.
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