HSBC Balanced Advantage Fund Direct Growth

HSBC Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Kapil Punjabi, Praveen Ayathan, Sonal Gupta, Neelotpal Sahai. This fund gives you the benefit of diversification.

1. HSBC Balanced Advantage Fund Direct Growth has ₹1504 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
2. The fund has an expense ratio 0.8.
   

HSBC Balanced Advantage Fund Direct Growth has given a CAGR return of 12.51% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.34%, 13.57% and 12.54% respectively.

HSBC Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Industrial, Tech, Health, Consumer Cyclical, Real Estate, Utilities, Basic Materials, Energy, Consumer Defensive.

As it is a dynamic asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

To seek long term capital growth and income through investments in equity and equity related securities and fixed income instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. HSBC Balanced Advantage Fund Direct Growth has no lock in period.