Hybrid
Direct
Dynamic Asset Allocation
NAV as on 04-11-2024
₹ 48.59
▲0.5%
1D
Inception Returns
12.6%
/yr
HSBC Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Neelotpal Sahai. This fund gives you the benefit of diversification.
HSBC Balanced Advantage Fund Direct Growth has given a CAGR return of 12.55% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 25.73%, 12.28% and 12.63% respectively.
HSBC Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government, Financial Services, Corporate, Industrial, Health, Tech, Consumer Cyclical, Basic Materials, Utilities, Real Estate, 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 benefitGains 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.
Expense ratio | 0.77% |
Benchmark | Nifty 50 Hybrid Comp Debt 50:50 TR INR |
AUM | ₹1510 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 75.79% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Moderately High risk |
as on (04-Nov-24)
as on (30-Sep-24)
Top 3 Sectors in September were Government, Corporate & Financial Services
HSBC Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.64% | -0.64% |
6 Month Returns | 8.62% | 8.62% |
1 Year Returns | 25.73% | 25.73% |
3 Years Returns | 41.54% | 12.28% |
5 Years Returns | 81.24% | 12.63% |
AAA | 100 |