Fundalysisby DARKHORSESTOCKS

Scheme

HDFC Balanced Advantage Fund

Holds 173 companies worth ₹76,980 Cr in Sept 2026.

  • Fund house

    HDFCThe fund house that runs this scheme.

  • AUM

    ₹1,02,534 CrHDFC Balanced Advantage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.4% on Aug 2026, ₹1,07,296 Cr.

  • Largest holding

    ICICI BankICICI Bank is 5.1% of this scheme's NAV.

  • Fund manager

    Anil BamboliRuns it since 29 Jul 2022, as the fund house dates it. With Gopal Agrawal (fund manager), Ihab Dalwai (fund manager), Arun Agarwal (arbitrage), Nandita Menezes (arbitrage).

Overview(8 Oct 2026)

Fund managers5

  1. Anil BamboliFund manager, debt · Jul 2022 · 31y · CFA MMS B.Com
  2. Gopal AgrawalFund manager, equity · Jul 2022 · 21y · B.E.
  3. Ihab DalwaiFund manager, equity · Sept 2026 · 14y
  4. Arun AgarwalArbitrage · Oct 2022 · 25y · CA B.Com
  5. Nandita MenezesArbitrage · Mar 2025
  1. Dhruv MuchhalJun 2023 – Sept 2026

Key facts

Benchmark
NIFTY 50 Hybrid Composite Debt 50:50 Index
Risk
Very High
Expense
Regular 1.31% · Direct 0.78%
Exit load
1% within 1 year
Started
1 Feb 1994
Minimum
₹100

Source.Its Scheme Summary Document as of 8 Oct 2026 at AMFI.

What changed(25 changes)

Sept 2026

3 changes
  1. Ihab Dalwai joined
    11 Septas fund manager (equity)
  2. Dhruv Muchhal left
    11 Septran it for overseas investments from Jun 2023
  3. Srinivasan Ramamurthy left
    11 Septran it as fund manager (equity) from Jul 2022

Jul 2026

1 change
  1. Expense ratio
    14 JulRegular 1.27% → 1.29%Direct 0.75% → 0.77%

Jun 2026

1 change
  1. Expense ratio
    11 JunDirect 0.74% → 0.75%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Jul 2022 – now)

  1. Anil Bamboli
  2. Gopal Agrawal
  3. Ihab Dalwai
  4. Arun Agarwal
  5. Nandita Menezes
  6. Dhruv Muchhal
  7. Srinivasan Ramamurthy
  8. Nirman Morakhia
MainCoSlice2023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Sept 2024 – Oct 2026)

Every change to the expense ratio, newest first.
19 changesRegularDirectΔ pt
14 Jul 20261.29%0.77%0.02
11 Jun 20261.27%0.75%0.01
12 May 20261.27%0.74%0.01
12 Apr 20261.36%0.75%0.02
11 Mar 20261.35%0.77%0.02
10 Feb 20261.34%0.75%0.01
13 Jan 20261.35%0.76%0.03
12 Nov 20251.34%0.73%0.01
14 Oct 20251.34%0.74%0.01
15 Sept 20251.34%0.73%0
14 Aug 20251.33%0.73%0.02
13 Jun 20251.35%0.75%0.02
12 May 20251.37%0.77%0.12
11 Apr 20251.38%0.89%0.01
27 Mar 20251.37%0.88%0.09
12 Feb 20251.37%0.79%0.04
13 Dec 20241.35%0.75%0.01
14 Nov 20241.35%0.74%0.02
15 Sept 20241.35%0.72%–
Direct plan, 14 Jul 2026
0.77%
Regular plan 1.29% · Exit load 1% within 1 year
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(8 Oct 2026)

Objective

To provide long term capital appreciation / income from a dynamic mix of equity and debt investments. There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
Type
An open ended dynamic asset allocation fund investing in debt and equity instruments only.
Benchmark
NIFTY 50 Hybrid Composite Debt 50:50 Index

Asset allocation it may hold% of NAV

  1. Equity and Equity related instruments
    Allowed65–100%Holds74.8%
  2. Debt Securities (including securitized debt) and money market instruments
    Allowed0–35%Holds24.9%

Holds in Sept 2026.74.8% equity · 24.9% debt and cash · 0.3% REITs and InvITs

How to invest(8 Oct 2026)

Buying

To start
₹100, then any amount
To add
₹100, then any amount
Systematic
For Systematic Investmet Plan (SIP) Daily, Weekly, Monthly, Quarterly, Half Yearly and Yearly For Systematic Withdrawal Advantage Plan (SWAP) Fixed SWAP - Monthly, Quarterly, Half Yearly, Yearly Variable SWAP - Quarterly, Half Yearly, Yearly For Sytematic Transfer Plan (STP) Fixed Systematic Transfer Plan (FSTP) - Daily, Weekly, Monthly, Quarterly Capital Appreciation Systematic Transfer Plan (CASTP) - Monthly, Quarterly
Dates
SIP: For Daily SIP- All Business Days For Weekly SIP- Any business day between Monday to Friday, (Default date is Wednesday) For all other frequnecies - Any date fo the month. If it happens to be a non-Business Day, SIP will be processed on the next Business Day (Default date = 10th of the month) SWP: For Fixed and Variable SWP- Any date. Default Date: 25th STP For Daily FSTP- All Business days For Weekly FSTP-Monday,Tuesday,Wednesday,Thursday,Friday (Default Day) For Monthly FSTP and CASTP - 1,5,10#,15,20,25 For Quarterly FSTP and CASTP - 1,5,10#,15,20,25 #Default Date
Minimum
For SIP DSIP, WSIP, MSIP - Rs. 100; QSIP - Rs. 1500; HSIP - Rs. 2500; YSIP - Rs. 5000. For SWAP Fixed SWAP - Rs. 100; Variable SWAP - Rs. 300. For STP Fixed STP (FSTP) Daily FSTP - Rs. 500; Weekly FSTP - Rs. 500; Monthly FSTP - Rs. 1000; Quarterly FSTP -Rs. 3000. Capital Appreciation STP (CASTP) Monthly CASTP - Rs. 300; Quarterly CASTP - Rs 1000., then for SIP and SWAP Re. 1/- thereafter; For STP FSTP Daily, Monthly, Quarterly FSTP - Rs. 100 thereafter Weekly FSTP - any amount thereafter CASTP Mulitples will be based on the appreciated amount
Instalments
SIP: Minimum number of installments under DSIP- 2 Minimum number of Installments under WSIP and MSIP : - In respect of each SIP Installment between Rs.300 to Rs.499 in value - 20 - In respect of each SIP Installment between Rs.500 to Rs.999 in value - 12. In respect of each SIP Installment equal to or greater than Rs 1,000 in value - 6 Minimum number of installments under QSIP : - In respect of each SIP Installment between Rs.1,500 to Rs.2,999 in value- 4; In respect of each SIP Installment equal to or greater than Rs. 3,000 in value- 2 Minimum number of installments under HYSIP: - In respect of each SIP Installment equal to or greater than Rs. 2,500 in value- 2 Minimum number of installments under YSIP: - In respect of each SIP Installment equal to or greater than Rs. 5,000 in value- 1 SWP: For Fixed and Variable SWP- 2 STP: Under Daily FSTP: -where installment amount is less than Rs. 1,000 : 12 - where installment amount is equal to or greater than Rs. 1,000: 6 Under Weekly STP : - Where installment amount is less than Rs. 1,000: 12 installments - Where installment amount is equal to or greater than Rs. 1,000: 6 installments However, for weekly STP in equity linked savings schemes, there should be a minimum of 6 installments for enrollment. Under Monthly FSTP & Monthly CASTP : - Minimum 6 installments, Under Quarterly FSTP & Quarterly CASTP : - Minimum 2 installments. Further, the minimum balance in the Unit holders account or the minimum amount of application at the time of enrolment for STP in the Transferor Scheme should be Rs. 12,000. There will be no maximum duration for STP enrolment.

Selling and switching

To redeem
Rs.100 and and multiples of Rs.1 thereafter or No minimum redemption criterion for Unit based redemption units
Minimum balance
There is no minimum balance amount requirement. or There is no minimum balance amount in units requirement. units
Switch minimum
Switch - in: Rs.100 and any amount thereafter. Additional Amount:. Rs. 100 Switch-out :Rs. 100 and multiples of Rs. 1/- thereafter
Switch multiples
Any amount
Switch most
Switch in: Not Applicable Switch out: Not applicable. or Switch in: Not Applicable Switch out: Not applicable. units

Scheme details(8 Oct 2026)

What it is

Category
Balanced Advantage Fund
Started
1 Feb 1994
Plans
Plans:Regular and Direct. Each Plan offers the following sub-options: · a)Growth Option. · b)Income Distribution cum Capital Withdrawal (IDCW) Option. This Option offers following Sub-Options / facilities: · • Payout of Income Distribution cum Capital Withdrawal (IDCW) Option / facility and · • Re-investment of Income Distribution cum Capital Withdrawal (IDCW) Option / facility. · IDCW Frequency: Under the IDCW Option, the Scheme has a monthly frequency for IDCW distribution. The record date for the same shall be 25th day of every month or the immediately succeeding Business Day, if that day is not a Business Day.
Face value
Rs. 10.
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Citibank N.A
Auditor
S.R. Batliboi & Co. LLP – Chartered Accountants
Registrar
Computer Age Management Services Limited
SEBI code
HDFC/O/H/BAF/18/03/0043