HDFC Mutual Fund · Direct Growth · SEBI Category: Balanced Advantage
HDFC Balanced Advantage Fund is one of India's oldest and largest balanced advantage funds, with over 25 years of history dating back to 1994. Managed by a seasoned team at HDFC AMC, the fund dynamically allocates between equity and debt based on its proprietary valuation model. When equity markets appear expensive relative to fundamentals, the fund reduces equity exposure and moves into debt instruments — and vice versa when equity becomes attractively priced. This automatic rebalancing is done without any action required from the investor.
With a combined AAUM exceeding Rs.70,000 crore, HDFC BAF is among the largest balanced advantage funds in India. Its size reflects decades of investor trust. The fund uses a quantitative model incorporating metrics like Price-to-Earnings ratio, Price-to-Book ratio and dividend yield to determine optimal equity allocation. Historically the fund has maintained one of the lower drawdown profiles in the BAF category — making it popular with investors who want equity participation with reduced volatility.
HDFC Balanced Advantage Fund is co-managed by a five-member team — Srinivasan Ramamurthy and Arun Agarwal handle equity, Anil Bamboli manages fixed income, Gopal Agrawal oversees the overall equity strategy and Nandita Menezes manages the overseas component. This multi-specialist structure is typical of HDFC MF's approach to complex hybrid mandates where no single manager carries the full portfolio responsibility.
For current co-manager details and full biography, refer to the latest HDFC Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund ▲ | ₹550.20 | ₹74.0K Cr Jan–Mar 2026 | -1.2% | +14.8% p.a. | +15.4% p.a. | 0.93 |
| ICICI Prudential Balanced Advantage Fund | ₹84.33 | ₹68.5K Cr Jan–Mar 2026 | +4.1% | +12.0% p.a. | +11.1% p.a. | 0.93 |
| Edelweiss Balanced Advantage Fund | ₹58.81 | ₹12.5K Cr Jan–Mar 2026 | +3.5% | +11.7% p.a. | +10.6% p.a. | 0.67 |
| Nippon India Balanced Advantage Fund | ₹202.08 | ₹9.3K Cr Jan–Mar 2026 | +2.6% | +11.8% p.a. | +10.6% p.a. | 0.81 |
| Kotak Balanced Advantage Fund | ₹22.33 | ₹17.2K Cr Jan–Mar 2026 | +1.2% | +10.4% p.a. | +9.8% p.a. | 0.62 |
Calculated from 2,566 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how HDFC Balanced Advantage Fund ranks against other Balanced Advantage funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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