HSBC Balanced Advantage Fund Direct Growth

HSBC Balanced Advantage Fund Direct Growth

Hybrid

Direct

Dynamic Asset Allocation

NAV as on 22-11-2024

₹ 48.5

-0.1%

1D

Inception Returns

12.4%

/yr

About 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 Neelotpal Sahai. This fund gives you the benefit of diversification.

Key Parameters

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

Returns

HSBC Balanced Advantage Fund Direct Growth has given a CAGR return of 12.38% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 19.77%, 11.75% and 12.24% respectively.

Holdings

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

Taxation

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).

Investment objective of HSBC Balanced Advantage Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
173 people have invested ₹ 3.8L in HSBC Balanced Advantage Fund Direct Growth in the last three months

INDmoney Rank for HSBC Balanced Advantage Fund Direct Growth

Powered by IND quant engine
5
/16
0% Performance
93% Risk Management
31% Cost
5 out of 16 among dynamic asset allocation

HSBC Balanced Advantage Fund Direct Growth Overview

Expense ratio0.77%
Benchmark
Nifty 50 Hybrid Comp Debt 50:50 TR INR
AUM₹1504 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
75.79%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Moderately High risk

Trailing Returns

as on (22-Nov-24)

Period
HSBC Balanced Advantage Fund Direct Growth
Dynamic Asset Allocation Index
1M
-1.4%
-2.9%
3M
-0.2%
-2.9%
6M
7.2%
3.9%
1Y
19.8%
18.2%
3Y
11.8%
11.1%
5Y
12.2%
12.7%

Fund Distribution

as on (31-Oct-24)

  • Equity 42.3%

  • Debt & Cash 57.7%

Large cap
33.8%

Small cap
18.4%

Mid cap
15.3%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
26.9%
Industrial
17.5%
Health
11.1%
Tech
9.9%
Consumer Cyclical
9.2%
Basic Materials
8.9%
Utilities
6.5%
Real Estate
3.6%
Energy
3.6%
Consumer Defensive
2.9%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.5K Cr
₹ 1.5K Cr
₹ 1.5K Cr
  • AUM of the fund stands at 1.5K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24

Top 3 Sectors in October were Government, Corporate & Financial Services

Oct'24
Government
27%
Financial Services
27%
Corporate
26%
Sep'24
Government
50%
Corporate
47%
Financial Services
27%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
97
79
79
Top 5 Company Concentration
14.9%
14.9%
15.4%
Company having highest exposure
ICICI Bank Ltd (3.6%)
ICICI Bank Ltd (3.6%)
ICICI Bank Ltd (4.2%)
No of Sectors
12
12
12
Top 5 Sectors Concentration
108.1%
108.1%
150.5%
Sector having highest exposure
Government (27%)
Government (27%)
Government (48.5%)
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Neelotpal Sahai
Neelotpal Sahai
Fund Manager of HSBC Balanced Advantage Fund Direct Growth, since 26 November 2022
Fund House
HSBC Asset Management (India) Private Ltd
Total Schemes
Total AUM
₹1.31L Cr
as on 31-Oct-2024
Address
HSBC Asset Management (India) Private Ltd.,16, V N Road,,Fort
Phone
+912266145000
Website
hsbcmf@hsbc.co.in

Mutual Fund Insights

Insights icon
In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 21.08% return, outperforming this fund by 9.32% per annum.
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Over the last 1 year, this fund has decreased expense ratio by 2.5% moving from 0.79 to 0.77.
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In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 20.37% return, outperforming this fund by 8.13% per annum.
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This fund expense ratio is slightly on the lower side within the category (dynamic asset allocation). Its expense ratio is 0.77% which is lower than the category average expense ratio of 1.13%.
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In the last 1 year, Quant Dynamic Asset Allocation Fund Direct Growth has given 31.24% return, outperforming this fund by 11.46%.

HSBC Balanced Advantage Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 12.38% since inception which is more than its category average return of 11.37%
Fund Allocations

Fund Allocations

This fund has an allocation of 42.29% in Equity, 29.93% in Debt and 27.78% in Cash related instruments
AUM size ₹1504 Cr

AUM size ₹1504 Cr

This fund has AUM of ₹1504 Cr which is less than its category average of ₹ 8925 Cr
Expense Ratio 0.77%

Expense Ratio 0.77%

This fund has an expense ratio of 0.77% which is less than its category average expense ratio of 1.35%

Frequently Asked Questions for HSBC Balanced Advantage Fund Direct Growth

The current NAV of HSBC Balanced Advantage Fund Direct Growth is ₹48.5 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
HSBC Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-1.39%
-1.39%
6 Month Returns
7.24%
7.24%
1 Year Returns
19.77%
19.77%
3 Years Returns
39.56%
11.75%
5 Years Returns
78.14%
12.24%
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0.77% as on October 2024
₹1504 Cr as on October 2024
7.18% Govt Stock 2033(3.86%), ICICI Bank Ltd(3.65%), 7.06% Govt Stock 2028(3.23%), Aurobindo Pharma Ltd(3.21%), Tata Power Co Ltd(3.14%) as on October 2024
Cash Equivalent(28%), Government(15.59%), Corporate(14.12%) as on October 2024
AAA
100
Neelotpal Sahai is the fund manager of HSBC Balanced Advantage Fund Direct Growth
The Exit load of HSBC Balanced Advantage Fund Direct Growth is 1%