IDFC Balanced Advantage Fund$

(previously known as IDFC Dynamic Equity Fund) An open ended dynamic asset allocation fund

30th June 2021

IDFC Balanced Advantage Fund$

(previously known as IDFC Dynamic Equity Fund)
An open ended dynamic asset allocation fund

30th June 2021

About the Fund:
  • 'Dynamically' invests between Equity and Debt
  • An Equity fund that buys less when markets are expensive and more when markets are cheap
  • Based on the model that tracks market valuation
Category: Dynamic Asset Allocation or Balanced Advantage
Monthly Avg AUM : ₹ 2,046.42 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Monthly end AUM : ₹ 2,108.37 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Inception Date: 10 October 2014
Fund Manager :

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Equity Portion:Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 01st March 2017),
Debt Portion: Mr. Arvind Subramanian (w.e.f. 09th November 2015)
Other Parameter:
Standard Deviation (Annualized)

Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

13.80%
Beta

Beta is a measure of an investment's volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market.

1.01
R Square 0.87
Sharpe*

The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

0.46
Modified Duration

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

1.19 years
Average Maturity 1.40 years
Macaulay Duration 1.22 years
Yield to Maturity

The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.

4.08%
For debt allocation only
Portfolio Turnover
Equity0.35
Aggregate^4.51
Total Expense Ratio
Regular2.10%
Direct0.66%
Benchmark: 50% S&P BSE 200 TRI + 50% NIFTY AAA Short Duration Bond Index (w.e.f. Nov. 11, 2019)
SIP (Minimum Amount): ₹ 100/-(Minimum 6 instalments)
SIP Frequency: Monthly
SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 5,000/- and any amount thereafter
Option Available: Growth, IDCW@ (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only))
Exit Load :

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.

In respect of each purchase of Units:
- For 10% of investment: Nil
- For remaining investment: 1% if redeemed/ switched out within 1 year from the date of allotment (w.e.f. July 5, 2017)
NAV (₹) as on June 30, 2021
Regular PlanGrowth17.06
Regular Plan IDCW@12.79
@Income Distribution and Capital Withdrawal
The equity exposure of the scheme's portfolio will be determined as follows:
PE Bonds Equity Allocation
<12 90 - 100
12 - 16 75 - 90
16 - 19 65 - 75
19 - 22 55 - 65
22 - 26 40 - 55
>26 30 - 40

The balance will be invested in debt and money market securities.
Bloomberg Nifty P/E data as of 30th June 2021 indicates a value of 29.2 and Equity band for the month of July will continue to be 30-40%.



NameRating  % of NAV
Equity and Equity related Instruments 67.04%
Net Equity Exposure 37.46%
Software 7.89%
oInfosys 5.97%
Infosys - Equity Futures -2.11%
oTech Mahindra 2.81%
Tech Mahindra - Equity Futures -1.78%
Coforge 1.53%
Coforge - Equity Futures -0.32%
Larsen & Toubro Infotech 1.13%
Larsen & Toubro Infotech - Equity Futures -0.22%
Wipro 0.88%
Banks 5.96%
oICICI Bank 5.88%
ICICI Bank - Equity Futures -2.99%
oHDFC Bank 3.53%
HDFC Bank - Equity Futures -0.96%
State Bank of India 1.73%
State Bank of India - Equity Futures -1.74%
Suryoday Small Finance Bank 0.52%
Finance 4.03%
oBajaj Finance 2.86%
Bajaj Finance - Equity Futures -2.24%
Muthoot Finance 1.69%
Muthoot Finance - Equity Futures -0.71%
Cholamandalam Invt and Fin Co 0.97%
SBI Cards and Payment Services 0.83%
Aavas Financiers 0.39%
Mas Financial Services 0.24%
Auto Ancillaries 3.28%
Minda Industries 1.00%
Sandhar Technologies 0.69%
Endurance Technologies 0.56%
Jamna Auto Industries 0.54%
Motherson Sumi Systems 0.52%
Motherson Sumi Systems - Equity Futures -0.52%
Tube Investments of India 0.50%
Pharmaceuticals 2.94%
oDivi's Laboratories 3.32%
Divi's Laboratories - Equity Futures -1.76%
Dr. Reddy's Laboratories 1.86%
Dr. Reddy's Laboratories - Equity Futures -1.22%
Gland Pharma 0.49%
IPCA Laboratories 0.25%
Cement & Cement Products 2.57%
UltraTech Cement 1.49%
UltraTech Cement - Equity Futures -0.52%
JK Cement 1.01%
Ambuja Cements 0.59%
Consumer Non Durables 2.52%
oHindustan Unilever 2.62%
Hindustan Unilever - Equity Futures -1.60%
Nestle India 1.05%
Nestle India - Equity Futures -0.13%
Godrej Consumer Products 0.83%
Godrej Consumer Products - Equity Futures -0.25%
NameRating  % of NAV
Petroleum Products 2.22%
oReliance Industries 4.99%
Reliance Industries - Equity Futures -2.78%
Industrial Products 1.94%
Shaily Engineering Plastics 0.75%
Supreme Industries 0.51%
Carborundum Universal 0.37%
AIA Engineering 0.30%
Bharat Forge 0.27%
Bharat Forge - Equity Futures -0.27%
Insurance 1.55%
oHDFC Life Insurance Company 1.94%
HDFC Life Insurance Company - Equity Futures -1.36%
Bajaj Finserv 1.91%
Bajaj Finserv - Equity Futures -0.94%
Retailing 1.03%
Avenue Supermarts 1.03%
Telecom - Services 0.94%
oBharti Airtel 3.19%
Bharti Airtel - Equity Futures -2.26%
Chemicals 0.90%
SRF 0.69%
SRF - Equity Futures -0.13%
Chemcon Speciality Chemicals 0.34%
Construction Project 0.70%
Larsen & Toubro 0.70%
Pesticides 0.55%
PI Industries 0.83%
PI Industries - Equity Futures -0.28%
Construction 0.48%
PNC Infratech 0.48%
Gas 0.47%
Indraprastha Gas 0.47%
Index -2.52%
Nifty 50 Index - Equity Futures -2.52%
Treasury Bill 11.07%
182 Days Tbill - 2021 SOV 6.59%
91 Days Tbill - 2021 SOV 2.36%
364 Days Tbill - 2021 SOV 2.12%
Government Bond 7.44%
5.22% - 2025 G-Sec SOV 2.34%
7.17% - 2028 G-Sec SOV 2.29%
5.63% - 2026 G-Sec SOV 1.65%
5.15% - 2025 G-Sec SOV 1.16%
Corporate Bond 2.94%
Power Finance Corporation AAA 1.22%
NABARD AAA 0.98%
REC AAA 0.73%
NTPC AAA 0.01%
Commercial Paper 2.33%
LIC Housing Finance A1+ 1.17%
HDFC A1+ 1.16%
Net Cash and Cash Equivalent 9.17%
Grand Total 100.00%
oTop 10 Equity Holdings


Past performance may or may not be sustained in future.IDCW@ are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say ₹10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. Data as on 30th June 2021




Performance based on NAV as on 30/06/2021. Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns.



  • To create wealth over long term.
  • Dynamic allocation towards equity, derivatives, debt and money market instruments.

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.




Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
*Risk-free rate assumed to be 3.36% (FBIL OVERNIGHT MIBOR as on 30th June 2021). Ratios calculated on the basis of 3 years history of monthly data.
^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUMfor the last one year (includes Fixed Income securities and Equity derivatives).
The portfolio will be rebalanced within the first three working days of the next month.
The fund has been repositioned from a Nifty linked fund to an open banded fund w.e.f. June 19, 2017.
$"IDFC Dynamic Equity Fund" has been renamed as "IDFC Balanced Advantage Fund" with effect from May 03, 2021.Refer the addendum issued in this regard, in the Download center i.e. https://idfcmf.com/download-centre/notices