Fund manager · HDFC

Ihab Dalwai

Senior Fund Manager – at HDFC. Runs 5 schemes worth ₹1,38,013 Cr.

Fund house
HDFCBefore: ICICI until Jun 2026.
AUM they run
₹1,38,013 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.
Schemes
5 now · 5 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Sept 2024.
Experience
14 yearsOver 14 years of experience

Profile^{(HDFC's SAI, 30 Jun 2026)}

About

Role: Senior Fund Manager –
Studied: Chartered Financial Analyst
Age: 38 years
Experience: Over 14 years of experience
Also as: Ihab Dalwani (ICICI)

Schemes now5

HDFC Balanced Advantage Fund₹1,02,534 Cr
HDFC Aggressive Hybrid Fund₹21,158 Cr
HDFC Multi Asset Active FoF₹5,956 Cr
HDFC Multi Asset Allocation Fund₹5,782 Cr
HDFC Diversified Equity All Cap Active FoF₹2,583 Cr

AUM they run^{(Feb 2019 – Sept 2026)}

AUM at month end each month, and its change on the month before
12 months	₹ Cr	Change
Sept 2026	1,38,013	−29.4%
May 2026	1,95,355	+0.5%
Apr 2026	1,94,337	+7.6%
Mar 2026	1,80,625	−6.4%
Feb 2026	1,92,918	+2.2%
Jan 2026	1,88,778	+1.0%
Dec 2025	1,86,909	+2.6%
Nov 2025	1,82,157	+3.1%
Oct 2025	1,76,642	+4.3%
Sept 2025	1,69,291	+4.7%
Aug 2025	1,61,696	+1.6%
Jul 2025	1,59,152	+0.6%

AUM at month end, Sept 2026

₹1,38,013

−13.3% since Jul 2025

Fig. 1.The AUM of the schemes Ihab Dalwai ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time^{(Jun 2017 – now)}

HDFCICICI201820192020202120222023202420252026

Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes^{(Jun 2017 – now)}

HDFC

5 now · since Sept 2026

HDFC Balanced Advantage Fund
Fund manager, equitySept 2026—2m₹1,02,534 CrBalanced AdvantageTER 0.78%

ICICI

since Jun 2017

ICICI Prudential Balanced Advantage Fund
Co-managerJan 2018—Jun 20268y 6mBalanced Advantage
ICICI Prudential Infrastructure Fund
Fund managerJun 2017—Jun 20269y 1mSectoral / Thematic

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance^{(10 schemes)}

Growth · Direct plans

Return as manager: +15.43%
Beat peers: 4 of 5
vs peers: +1.65 pt
Longest run: 9.0 years
Beat benchmark: Upcoming

Each scheme Ihab Dalwai ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.

ICICI Prudential Infrastructure Fund	Jun '17–Jun '26 · 9.0y	+17.59%	+14.26%	+3.33 pt	–	–
ICICI Prudential Multi Asset Allocation Fund	Jun '17–Jun '26 · 9.0y	+15.43%	+12.42%	+3.01 pt	–	–
ICICI Prudential Balanced Advantage Fund	Jan '18–Jun '26 · 8.4y	+10.81%	+9.87%	+0.94 pt	–	–
ICICI Prudential Large Mid Cap Fund	Jun '22–Jun '26 · 4.0y	+18.19%	+16.54%	+1.65 pt	–	–
ICICI Prudential Quality Fund	May '25–Jun '26 · 1.0y	+0.29%	+2.81%	−2.51 pt	–	–
HDFC Multi Asset Active FoF	Sep '26–now · 0.1y	−4.11%	−3.82%	−0.29 pt	–	–
HDFC Balanced Advantage Fund	Sep '26–now · 0.1y	−4.63%	−3.58%	−1.06 pt	–	–
HDFC Diversified Equity All Cap Active FoF	Sep '26–now · 0.1y	−6.16%	−3.82%	−2.34 pt	–	–
HDFC Multi Asset Allocation Fund	Sep '26–now · 0.1y	−4.38%	−3.75%	−0.63 pt	–	–
HDFC Aggressive Hybrid Fund	Sep '26–now · 0.1y	−4.77%	−4.37%	−0.40 pt	–	–

Fig. 1.Each scheme Ihab Dalwai ran, against its peers and benchmark over the same months. Source: AMFI.

Works with^{(3 now)}

Anil BamboliBalanced Advantage Fund · Multi Asset Active FoF · Multi Asset Allocation Fund3 schemes
Anupam JoshiAggressive Hybrid Fund1 scheme
Gopal AgrawalBalanced Advantage Fund1 scheme

Career^{(Apr 2011 – now)}

HDFC Asset Management Company Limited

Position not stated
Sept 2026—2m

ICICI Prudential Asset Management Company Ltd

Senior Fund Manager - Equity
Apr 2011—Sept 202615y 6m

Source.HDFC's Statement of Additional Information, as of 30 Jun 2026.