IDFC Balanced Advantage Fund$
(previously known as IDFC Dynamic Equity Fund) An open ended dynamic asset allocation fund
IDFC Balanced Advantage Fund$
(previously known as IDFC Dynamic Equity Fund)
An open ended dynamic asset allocation fund
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- '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
: ₹ 2,822.99 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.
: ₹ 2,766.88 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.
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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.
Debt Portion: Mr. Brijesh Shah (w.e.f. 16th July 2022)
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. | 14.00% |
| 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. | 1.11 |
| R Square | 0.86 |
| 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. | 0.14 |
| Modified Duration₤
Modified duration is the price sensitivity and the percentage change in price for a unit change in yield | 1.37 years |
| Average Maturity₤ | 1.53 years |
| Macaulay Duration₤ | 1.41 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. | 7.06% |
| ₤ For debt allocation only | |
| Portfolio Turnover | |
| Equity | 0.28 |
| Aggregate^ | 2.76 |
| Total Expense Ratio | |
| Regular | 1.93% |
| Direct | 0.56% |
SIP (Minimum Amount): ₹ 100/-(Minimum 6 instalments)
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment. (Quarterly): Any day of next month from,the Quarter end. ) Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment (w.e.f. 09-11-2022)
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 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.
- 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 December 30, 2022
| Regular Plan | Growth | 18.03 |
| Regular Plan | IDCW@ | 12.70 |
The equity exposure of the scheme's portfolio will be determined as follows:
| PE Bands | 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 December 2022
indicates a value of 22.88 and Equity band for the
month of January will be 40-55%.
| Name | Rating | % of NAV |
| Equity and Equity related Instruments | 70.74% | |
| Net Equity Exposure | 51.43% | |
| Banks | 13.03% | |
| oICICI Bank | 8.76% | |
| ICICI Bank - Equity Futures | -2.95% | |
| oHDFC Bank | 5.58% | |
| HDFC Bank - Equity Futures | -1.32% | |
| State Bank of India | 1.75% | |
| IndusInd Bank | 0.90% | |
| IndusInd Bank - Equity Futures | -0.91% | |
| Kotak Mahindra Bank | 0.71% | |
| Kotak Mahindra Bank - Equity Futures | -0.72% | |
| Bank of Baroda | 0.67% | |
| Axis Bank | 0.56% | |
| IT - Software | 6.73% | |
| oInfosys | 4.55% | |
| MphasiS | 1.21% | |
| Tata Consultancy Services | 0.97% | |
| Finance | 5.40% | |
| oBajaj Finance | 4.16% | |
| oHDFC | 2.25% | |
| HDFC - Equity Futures | -1.98% | |
| Cholamandalam Invt and Fin Co | 2.01% | |
| Bajaj Finserv | 0.04% | |
| Bajaj Finance - Equity Futures | -1.08% | |
| Automobiles | 4.07% | |
| oMahindra & Mahindra | 2.75% | |
| Mahindra & Mahindra - Equity Futures | -0.46% | |
| Tata Motors | 0.99% | |
| TVS Motor Company | 0.79% | |
| Auto Components | 2.70% | |
| UNO Minda | 1.10% | |
| Jamna Auto Industries | 0.68% | |
| Samvardhana Motherson International | 0.52% | |
| Tube Investments of India | 0.40% | |
| Chemicals & Petrochemicals | 2.68% | |
| SRF | 1.25% | |
| SRF - Equity Futures | -0.10% | |
| Tata Chemicals | 1.19% | |
| Tata Chemicals - Equity Futures | -0.15% | |
| Aether Industries | 0.28% | |
| Clean Science and Technology | 0.22% | |
| Retailing | 2.44% | |
| Avenue Supermarts | 2.07% | |
| Vedant Fashions | 0.37% | |
| Telecom - Services | 2.10% | |
| Bharti Airtel | 2.10% | |
| Petroleum Products | 1.49% | |
| oReliance Industries | 5.51% | |
| Reliance Industries - Equity Futures | -4.02% | |
| Industrial Products | 1.31% | |
| Carborundum Universal | 0.81% | |
| Shaily Engineering Plastics | 0.50% | |
| Beverages | 1.30% | |
| oUnited Spirits | 2.15% | |
| United Spirits - Equity Futures | -0.85% |
| Name | Rating | % of NAV |
| Consumer Durables | 1.29% | |
| Titan Company | 1.29% | |
| Pharmaceuticals & Biotechnology | 1.27% | |
| oDivi's Laboratories | 2.57% | |
| Divi's Laboratories - Equity Futures | -1.30% | |
| Lupin | 0.08% | |
| Lupin - Equity Futures | -0.08% | |
| Sun Pharmaceutical Industries | 0.03% | |
| Sun Pharmaceutical Industries- Equity Futures | -0.03% | |
| Diversified FMCG | 1.19% | |
| oHindustan Unilever | 2.21% | |
| Hindustan Unilever - Equity Futures | -1.02% | |
| Healthcare Services | 1.07% | |
| Apollo Hospitals Enterprise | 1.07% | |
| Cement & Cement Products | 1.06% | |
| UltraTech Cement | 1.60% | |
| UltraTech Cement - Equity Futures | -0.53% | |
| ACC | 0.16% | |
| ACC - Equity Futures | -0.16% | |
| Food Products | 0.53% | |
| Nestle India | 0.53% | |
| Paper, Forest & Jute Products | 0.50% | |
| Century Textiles & Industries | 0.50% | |
| Fertilizers & Agrochemicals | 0.48% | |
| PI Industries | 0.78% | |
| PI Industries - Equity Futures | -0.30% | |
| Electrical Equipment | 0.42% | |
| ABB India | 0.42% | |
| Textiles & Apparels | 0.24% | |
| Page Industries | 0.24% | |
| Aerospace & Defense | 0.11% | |
| Bharat Electronics | 0.11% | |
| Personal Products | 0.01% | |
| Godrej Consumer Products | 1.29% | |
| Godrej Consumer Products - Equity Futures | -1.28% | |
| Realty | 0.00% | |
| DLF | 0.08% | |
| DLF - Equity Futures | -0.08% | |
| Government Bond | 11.08% | |
| 5.63% - 2026 G-Sec | SOV | 10.72% |
| 7.38% - 2027 G-Sec | SOV | 0.36% |
| Certificate of Deposit | 6.82% | |
| Small Industries Dev Bank of India | A1+ | 3.33% |
| HDFC Bank | A1+ | 2.61% |
| Bank of Baroda | A1+ | 0.88% |
| Treasury Bill | 4.43% | |
| 182 Days Tbill - 2023 | SOV | 2.64% |
| 364 Days Tbill - 2023 | SOV | 1.80% |
| Corporate Bond | 0.91% | |
| Power Finance Corporation | AAA | 0.90% |
| NTPC | AAA | 0.01% |
| Commercial Paper | 0.88% | |
| Kotak Mahindra Investments | A1+ | 0.88% |
| Net Cash and Cash Equivalent | 5.13% | |
| Grand Total | 100.00% | |
| oTop 10 Equity Holdings |
Performance based on NAV as on 30/12/2022. 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 Very 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
NIFTY 50 Hybrid Composite debt 50:50 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 6.60% (FBIL OVERNIGHT MIBOR as on 31st December 2022). 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
Debt portion: Mr. Arvind Subramanian managed this scheme up to 15th July, 2022.
