HDFC Balanced Advantage Fund : If an investment of Rs 1 lakh turns into a fund worth more than Rs 1.5 crore due to consistently good returns, what could be better than that! You may question whether this is just an imaginary thing or does it happen in reality? The answer to your question is that a 30 year old mutual fund of HDFC (HDFC AMC) has really done this miracle. The name of this fund which gives consistently better returns is HDFC Balanced Advantage Fund (HDFC Balanced Advantage Fund, This open-ended mutual fund was launched 30 years ago.
158 times return in 30 years
HDFC Balanced Advantage Fund has given returns at an average annual rate or Compound Annual Growth Rate (CAGR) of 18% in the last 30 years. This means that if someone had invested Rs 1 lakh in this fund 30 years ago, by now his fund size would have increased to Rs 1.58 crore. That means this fund has made a total of three decades Has given 158 times return. Launched on 1 February 1994, HDFC Balanced Advantage Fund is one of the longest running mutual funds in India. As on December 31, 2023, the asset under management (AUM) of this fund was about Rs 73,000 crore. This fund of HDFC is also included among the largest actively managed mutual funds in the country.
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Right asset allocation key to success: Munot
On the occasion of completion of 30 years of HDFC Balanced Advantage Fund, Managing Director of HDFC AMC and CEO Navneet Munot said That This journey of three decades is a testament to our investment philosophy and strong processes that have stood the test of time. He said that on this occasion We reiterate our commitment to provide better services to investors and work for their long-term prosperity. Munot said that if right asset allocation is the key to success, then HDFC Balanced Advantage Fund has made it easy.
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A close look at growth prospects
Gopal Aggarwal, Senior Fund Manager, HDFC AMC, said that HDFC Balanced Advantage Fund has successfully completed the journey of several market cycles due to its disciplined approach to investing and focus on investing for the long term. The framework allows us to effectively manage the dynamic asset allocation of this fund. Aggarwal said that his fund is adequately diversified, the aim of which is to take advantage of the growth potential present in India.
(Disclaimer: The purpose of this article is only to provide information and not to give investment advice. The past performance of any mutual fund scheme does not guarantee the same returns in the future. Any investment decision should be taken only after taking the advice of your investment advisor. Do.)