Is it good to invest in HDFC Balanced Advantage Fund?

What is wrong with HDFC Balanced Advantage Fund?

HDFC Balanced Advantage Fund even though is in the dynamic asset allocation category, is run more like an aggressive hybrid fund. … The fund is not your solution for a retirement fund, dividend from mutual funds is highly unrecommended and instead it’s better to go with SWP that is better for your capital too.

How is the performance of HDFC Balanced Advantage Fund?

The Current Net Asset Value of the HDFC Balanced Advantage Fund as of 28 Oct 2021 is Rs 281.7300 for Growth option of its Regular plan. 2. Its trailing returns over different time periods are: 65.31% (1yr), 17.6% (3yr), 12.89% (5yr) and 18.39% (since launch).

When should you invest in a balanced Advantage fund?

Investors don’t have to worry about timing the market, which is essential in any lump-sum investing. The valuation based formula allows for automatic reallocation so that the fund is invested when markets are rising and on cash when markets are falling.

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How is HDFC Balanced Advantage Fund taxed?

The debt component of balanced funds is taxed like debt funds. STCG from the debt component is added to the investor’s income and taxed according to his income tax slab. LTCG from the debt component is taxed at the rate of 20% after indexation and 10% without the benefit of indexation.

What is the latest NAV of HDFC Balanced Advantage Fund?

HDFC Balanced Advantage Fund Direct Plan-IDCW Monthly is a Hybrid mutual fund scheme from HDFC Mutual Fund. This scheme was launched on 31 Dec 2012 and is currently managed by its fund manager Prashant Jain. It has an AUM of ₹43,246.73 Crores and the latest NAV decalared is ₹32.447 as on 30 Oct 2021 at 5:00 pm.

Which Balanced Advantage fund is best 2021?

Best Balanced Advantage Funds to Invest in 2021

Scheme Name Absolute (%) CAGR (%)
ICICI Pru Balanced Advantage Fund 38.94 11.84
Nippon India Balanced Advantage Fund 35.15 10.12
IDFC Dynamic Equity Fund 32.02 12.37
L&T Balanced Advantage Fund 25.78 10.82

Is investing in balanced Advantage fund good?

Investors don’t have to worry about timing the market. The asset allocation formula allows for automatic reallocation so that the fund is invested when markets are rising and on cash when markets are falling. … The dynamic nature of a balanced advantage fund is extremely useful for long-term wealth creation.

Is a balanced fund a good investment?

The benefits of investing in a balanced fund are simplicity and diversification. Balanced funds normally rebalance back to a target stock/bond mix, saving investors time and the stress of portfolio management. A balanced mutual fund can streamline investment decisions.

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What is the rate of HDFC Balanced Advantage Fund?

The expense ratio of the fund is 1.63% for Regular plan as on Sep 30, 2021.

Is HDFC Balanced Advantage Fund Equity fund?

An open ended Balanced Advantage Fund. This Fund aims to provide long term capital appreciation/income from a mix of equity and debt investments.

Is HDFC Balanced Advantage Fund dividend taxable?

2) Even though the dividend is tax free in the hands of the investor, the AMC has to pay 10% and 28.84% dividend distribution tax (DDT) respectively on equity / equity oriented funds and debt funds.