HDFC Balanced Advantage Fund
The Scheme seeks to provide long term capital appreciation / income from a dynamic mix of equity and debt investments.
Growthvine rating: 4/5 — ranked #5 of 37 in category.
Fund basics
| Category | Hybrid: Balanced Advantage |
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| NAV | ₹495.54 (as of 2026-10-23) |
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| AUM | ₹1,02,534 Cr |
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| Expense ratio | 1.09% |
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| Riskometer | Very High |
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| Fund manager | Ihab Dalwai |
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| Exit load | For units in excess of 15% of the investment, 1% will be charged for redemption within 365 days |
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Performance & risk
| 5-year annualised return | 12.48% |
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| Sharpe ratio | 0.38 |
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| Standard deviation | 10.82% |
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| Max drawdown | −58.88% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 143.2% of NIFTY 50 Hybrid Composite Debt 50:50 Index's upside and 94.4% of its downside.
Market cap allocation
| Large cap | 72.7% |
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| Mid cap | 13.7% |
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| Small cap | 13.5% |
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Concentration
| Top 5 holdings | 19.4% |
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| Top 10 holdings | 30.0% |
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| Total holdings | 163 |
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Top holdings
- ICICI Bank Ltd. — 5.1%
- HDFC Bank Ltd. — 4.3%
- Reliance Industries Ltd — 3.6%
- State Bank Of India — 3.3%
- Bharti Airtel Ltd. — 3.0%
- AXIS Bank Ltd. — 2.7%
- Larsen & Toubro Limited — 2.5%
- 7.18% GOI MAT 140833 — 2.0%
- NTPC Limited — 2.0%
- Coal India Limited — 1.8%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −7.4% | Q4 (Bottom) | #29 of 35 |
| 2025 | 7.2% | Q2 | #11 of 34 |
| 2024 | 16.7% | Q1 (Top) | #4 of 30 |
| 2023 | 31.3% | Q1 (Top) | #1 of 26 |
| 2022 | 18.8% | Q1 (Top) | #1 of 21 |