Latest news with #HDFCBalancedAdvantageFund
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Business Standard
2 days ago
- Business
- Business Standard
Balanced Advantage Funds: Ensure fund's strategy matches your risk appetite
Conservative investors should prefer a valuation-based approach, while those with a higher risk appetite should go for a fund focused on momentum premium Himali Patel Mumbai Listen to This Article HDFC Balanced Advantage Fund (BAF) recently crossed Rs 1 trillion in assets under management (AUM), becoming the second actively-managed scheme after Parag Parikh Flexicap to reach this milestone. The balanced advantage category (also called dynamic asset allocation funds) is also approaching Rs 3 trillion in assets. It had assets worth Rs 299,506 crore on May 31, according to the Association of Mutual Funds in India (Amfi). Why investors are drawn to BAFs Balanced advantage funds dynamically adjust equity and debt allocation in response to market conditions. 'This flexibility lets investors participate in market growth while the fund aims to manage downside risks,
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Business Standard
5 days ago
- Business
- Business Standard
HDFC Balanced Advantage becomes first hybrid fund to cross ₹1 tn AUM
HDFC Balanced Advantage Fund (BAF) has become the first hybrid mutual fund (MF) scheme in India to achieve the ₹1-trillion asset milestone. This achievement makes it the second actively managed MF scheme—after Parag Parikh Flexi Cap Fund—to reach this 13-digit assets under management (AUM) mark. Launched in February 1994, HDFC BAF has consistently been one of the most popular MF offerings, largely due to its steady performance and stable fund management. Despite experiencing two changes in the fund house, the scheme was managed by the same fund manager for the majority of its lifetime. Prashant Jain, who managed the scheme from its inception, holds the record for managing an MF scheme for the longest period in India—28 years. Initially known as Centurion Prudence Fund, the scheme was renamed Zurich India Prudence Fund in 1999 when Zurich India acquired 20th Century Mutual Fund. In 2003, HDFC AMC acquired Zurich India, leading to the scheme being renamed HDFC Prudence Fund. It became HDFC Balanced Advantage Fund in 2018 following the merger with HDFC Growth Fund. After Jain's departure from HDFC AMC in 2022, the scheme has been managed by Gopal Agarwal, Anil Bamboli and Srinivasan Ramamurthy. HDFC BAF has delivered over 18 per cent annualised returns on lump-sum investments since its inception. Systematic Investment Plan (SIP) investments have also yielded nearly 19 per cent returns. Currently, the scheme leads the balanced advantage category return chart across all time frames. As of 13 June, it delivered a 23 per cent annualised return over the three-year period and a 26 per cent annualised return over the five-year period, according to Value Research data. Gopal Agarwal attributes this performance to the scheme's model-driven approach. 'We follow a model-driven approach to asset allocation with focus on valuation metrics, macroeconomic insights and bottom-up stock selection. The model dynamically adjusts equity exposure based on changing market conditions, helping manage risk while aiming for long-term growth,' he said.
