IDFC Balanced Advantage Fund$

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

30th September 2021

IDFC Balanced Advantage Fund$

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

30th September 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 : ₹ 2,562.04 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 : ₹ 2,604.39 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.

13.48%
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 0.85
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.

0.64
Modified Duration

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

1.43 years
Average Maturity 1.67 years
Macaulay Duration 1.47 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.

4.23%
For debt allocation only
Portfolio Turnover
Equity0.29
Aggregate^4.30
Total Expense Ratio
Regular2.11%
Direct0.59%
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 September 30, 2021
Regular PlanGrowth18.09
Regular Plan IDCW@13.43
@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 September 2021 indicates a value of 28.0 and Equity band for the month of October will continue to be 30-40%



NameRating  % of NAV
Equity and Equity related Instruments 65.62%
Net Equity Exposure 38.69%
Software 7.93%
oInfosys 5.12%
Infosys - Equity Futures -1.80%
oTech Mahindra 2.76%
Tech Mahindra - Equity Futures -2.77%
Coforge 1.56%
Coforge - Equity Futures -0.08%
Larsen & Toubro Infotech 1.30%
Tata Consultancy Services 1.01%
Wipro 0.83%
Banks 5.38%
oICICI Bank 5.84%
ICICI Bank - Equity Futures -3.24%
oHDFC Bank 3.39%
HDFC Bank - Equity Futures -0.92%
Suryoday Small Finance Bank 0.32%
Finance 3.76%
oBajaj Finance 3.66%
Bajaj Finance - Equity Futures -2.80%
Cholamandalam Invt and Fin Co 1.42%
Cholamandalam Invt and Fin Co - Equity Futures -0.40%
Muthoot Finance 1.35%
Muthoot Finance - Equity Futures -0.45%
SBI Cards and Payment Services 0.79%
Mas Financial Services 0.18%
Auto Ancillaries 3.04%
Minda Industries 0.94%
Sandhar Technologies 0.59%
Tube Investments of India 0.54%
Jamna Auto Industries 0.53%
Endurance Technologies 0.44%
Consumer Non Durables 2.45%
oHindustan Unilever 2.32%
Hindustan Unilever - Equity Futures -1.40%
Godrej Consumer Products 1.66%
Godrej Consumer Products - Equity Futures -0.68%
Nestle India 0.56%
Cement & Cement Products 2.30%
UltraTech Cement 1.87%
UltraTech Cement - Equity Futures -1.02%
JK Cement 0.90%
Ambuja Cements 0.56%
Retailing 2.17%
Zomato 1.11%
Avenue Supermarts 1.06%
Petroleum Products 2.15%
oReliance Industries 4.82%
Reliance Industries - Equity Futures -2.68%
Pharmaceuticals 2.05%
oDivi's Laboratories 2.93%
NameRating  % of NAV
Divi's Laboratories - Equity Futures -1.55%
Gland Pharma 0.43%
IPCA Laboratories 0.42%
IPCA Laboratories - Equity Futures -0.18%
Insurance 1.70%
oBajaj Finserv 2.27%
Bajaj Finserv - Equity Futures -1.11%
HDFC Life Insurance Company 1.69%
HDFC Life Insurance Company - Equity Futures -1.15%
Industrial Products 1.67%
Shaily Engineering Plastics 0.74%
Carborundum Universal 0.48%
Supreme Industries 0.45%
Bharat Forge 0.21%
Bharat Forge - Equity Futures -0.21%
Telecom - Services 1.00%
oBharti Airtel 3.44%
Bharti Airtel - Equity Futures -2.44%
Chemicals 0.83%
SRF 0.87%
SRF - Equity Futures -0.46%
Clean Science and Technology 0.31%
Chemcon Speciality Chemicals 0.11%
Healthcare Services 0.57%
Apollo Hospitals Enterprise 1.67%
Apollo Hospitals Enterprise - Equity Futures -1.11%
Industrial Capital Goods 0.54%
Honeywell Automation India 0.54%
Construction 0.51%
PNC Infratech 0.51%
Gas 0.37%
Indraprastha Gas 0.37%
Pesticides 0.29%
PI Industries 0.77%
PI Industries - Equity Futures -0.48%
Treasury Bill 11.85%
182 Days Tbill - 2021 SOV 11.85%
Government Bond 10.87%
5.63% - 2026 G-Sec SOV 6.71%
5.22% - 2025 G-Sec SOV 2.30%
7.17% - 2028 G-Sec SOV 1.87%
Commercial Paper 3.77%
HDFC A1+ 2.82%
LIC Housing Finance A1+ 0.95%
Corporate Bond 2.38%
Power Finance Corporation AAA 0.99%
NABARD AAA 0.79%
REC AAA 0.59%
NTPC AAA 0.01%
Net Cash and Cash Equivalent 5.51%
Grand Total 100.00%
oTop 10 Equity Holdings




Performance based on NAV as on 30/09/2021. 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.



Scheme risk-o-meter

Investors understand that their principal will be at Moderately High risk

This product is suitable for investors who are seeking*

  • 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.

Benchmark risk-o-meter

50% S&P BSE 200 TRI + 50% NIFTY AAA Short Duration Bond Index




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 3.49% (FBIL OVERNIGHT MIBOR as on 30th September 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