&w=3840&q=100)
HDFC Balanced Advantage becomes first hybrid fund to cross ₹1 tn AUM
Launched in February 1994, HDFC BAF has consistently been one of the most popular MF offerings, largely due to its steady performance and stable fund management.
Despite experiencing two changes in the fund house, the scheme was managed by the same fund manager for the majority of its lifetime. Prashant Jain, who managed the scheme from its inception, holds the record for managing an MF scheme for the longest period in India—28 years.
Initially known as Centurion Prudence Fund, the scheme was renamed Zurich India Prudence Fund in 1999 when Zurich India acquired 20th Century Mutual Fund. In 2003, HDFC AMC acquired Zurich India, leading to the scheme being renamed HDFC Prudence Fund. It became HDFC Balanced Advantage Fund in 2018 following the merger with HDFC Growth Fund.
After Jain's departure from HDFC AMC in 2022, the scheme has been managed by Gopal Agarwal, Anil Bamboli and Srinivasan Ramamurthy.
HDFC BAF has delivered over 18 per cent annualised returns on lump-sum investments since its inception. Systematic Investment Plan (SIP) investments have also yielded nearly 19 per cent returns.
Currently, the scheme leads the balanced advantage category return chart across all time frames. As of 13 June, it delivered a 23 per cent annualised return over the three-year period and a 26 per cent annualised return over the five-year period, according to Value Research data.
Gopal Agarwal attributes this performance to the scheme's model-driven approach.
'We follow a model-driven approach to asset allocation with focus on valuation metrics, macroeconomic insights and bottom-up stock selection. The model dynamically adjusts equity exposure based on changing market conditions, helping manage risk while aiming for long-term growth,' he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
3 days ago
- Economic Times
Mutual fund boom: Your SIPs are powering the rally in these 4 multibagger stocks
Indian mutual fund industry's AUM has doubled in 3 years, fueling multibagger returns for AMC stocks like Shriram AMC, HDFC AMC, and Nippon India. SIP inflows remain strong, reaching record highs, driven by increasing retail participation and financialization of savings. Experts recommend HDFC AMC, Nippon India AMC, and KFinTech, citing growth potential and steady inflows. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Which stocks to buy? Tired of too many ads? Remove Ads While some investors are making money by doing SIPs in mutual funds, others are making smart investments in shares of asset management companies (AMC), 3 of which have more than doubled money in the last 3 years. Even shares of MF distributor Prudent Corporate Advisory have become a mutual funds becoming the top choice for investing as far as households in India are concerned amid rising financialization of savings, shares of AMCs have turned into wealth creators for savvy investors who backed the sector the last 3 years, 3 AMC stocks HDFC AMC and Nippon India - have given multibagger returns. The other two - ABSL and UTI AMC - have also given fantastic returns. MF distributor Prudent Corporate Advisory shares are up 321%.Over the 3-year period, Shriram AMC has delivered stellar 239% returns, followed by HDFC AMC at 180% and Nippon at 160%. ABSL gained 93% in three years but doubled in two years, while UTI AMC posted 77% gains. MF distributor Prudent Corporate Advisory has surged 328% in the same total assets under management (AUM) of the Indian mutual fund industry has itself doubled in the last 3 years to over Rs 75 lakh crore. Last month, equity funds recorded the highest-ever monthly inflows, totalling Rs 42,702 crore, and saw consistent inflows for the 53rd consecutive month in July 2025 starting from March the structural growth story in mutual funds, SIP money has been consistent, despite small dips, even during market downturns. SIPs recorded a new high in monthly contributions yet again in July, with total contribution amount reaching Rs 28,464 crore in July.'The Indian Asset Management Company (AMC) sector is strategically positioned for sustained expansion, attributable to escalating mutual fund participation nationwide, increasing Systematic Investment Plan (SIP) contributions, and the robust financial stability of leading AMC firms. For investors aiming to engage with India's expanding wealth management industry, AMC stocks present attractive medium- to long-term opportunities, while also considering potential market and regulatory risks,' Vipul Bhowar, Senior Director - Listed Investments, Waterfield Advisors, told ET valuations have climbed quickly following recent market rallies, creating a sense of cautious optimism, he said all top AMCs are viewed as favourable options due to their strong growth potential.'However, it's worth noting that current valuation multiples seem a bit higher than usual, so it's wise to choose the right moment to enter these businesses carefully,' he domestic brokerage firm Nuvama, top picks in the sector are HDFC AMC (Target price: Rs 6,530), Nippon India AMC (Rs 1,010) and KFinTech (Target price: Rs 1,540). 'We reckon AMCs and RTAs shall report a recovery in QoQ earnings growth driven by steady inflows led by SIPs and stable equity markets,' the brokerage said in a Oswal has a buy call on Nippon with a target price of Rs 930, premised on 34x FY27E earnings.'Nippon commands the industry's largest retail investor base, with 21.2 million unique investors (representing over one in three mutual fund investors) as of Jun'25. Overall, NAM's mutual fund segment performance reflects its focused strategy on scaling retail participation, driving product innovation, and enhancing operational intensity, positioning it as a credible compounding franchise in the Indian asset management industry,' it Luthra of InCred Equities expects the inflow momentum to pick up pace further in the near term and sustain the healthy level in the medium term led by higher participation from the retail segment, higher understanding of market volatility and rising investment discipline, along with incrementally higher inflow from B-30 cities.'We remain optimistic over the mid- to long-term horizon amid improving geographic penetration as well as the rising popularity of mutual fund schemes, mainly among the young and mid-income investors,' she top pick is Nippon (Rs 920 target price) for its consistent performance-led market share gains.'We appreciate the yield protection by HDFC AMC (HOLD, TP Rs5,600), although the recent run-up in the stock price makes the risk-reward ratio unfavourable. We maintain ADD rating on ABSL AMC (TP Rs1,000) for the slowdown in market share loss and its turnaround story. The undercurrent of the likely acquisition of UTI AMC (ADD, TP Rs1,600) makes the stock attractive,' it said.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
4 days ago
- Time of India
Mutual fund boom: Your SIPs are powering the rally in these 4 multibagger stocks
Indian mutual fund industry's AUM has doubled in 3 years, fueling multibagger returns for AMC stocks like Shriram AMC, HDFC AMC, and Nippon India. SIP inflows remain strong, reaching record highs, driven by increasing retail participation and financialization of savings. Experts recommend HDFC AMC, Nippon India AMC, and KFinTech, citing growth potential and steady inflows. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Which stocks to buy? Tired of too many ads? Remove Ads While some investors are making money by doing SIPs in mutual funds, others are making smart investments in shares of asset management companies (AMC), 3 of which have more than doubled money in the last 3 years. Even shares of MF distributor Prudent Corporate Advisory have become a mutual funds becoming the top choice for investing as far as households in India are concerned amid rising financialization of savings, shares of AMCs have turned into wealth creators for savvy investors who backed the sector the last 3 years, 3 AMC stocks HDFC AMC and Nippon India - have given multibagger returns. The other two - ABSL and UTI AMC - have also given fantastic returns. MF distributor Prudent Corporate Advisory shares are up 321%.Over the 3-year period, Shriram AMC has delivered stellar 239% returns, followed by HDFC AMC at 180% and Nippon at 160%. ABSL gained 93% in three years but doubled in two years, while UTI AMC posted 77% gains. MF distributor Prudent Corporate Advisory has surged 328% in the same total assets under management (AUM) of the Indian mutual fund industry has itself doubled in the last 3 years to over Rs 75 lakh crore. Last month, equity funds recorded the highest-ever monthly inflows, totalling Rs 42,702 crore, and saw consistent inflows for the 53rd consecutive month in July 2025 starting from March the structural growth story in mutual funds, SIP money has been consistent, despite small dips, even during market downturns. SIPs recorded a new high in monthly contributions yet again in July, with total contribution amount reaching Rs 28,464 crore in July.'The Indian Asset Management Company (AMC) sector is strategically positioned for sustained expansion, attributable to escalating mutual fund participation nationwide, increasing Systematic Investment Plan (SIP) contributions, and the robust financial stability of leading AMC firms. For investors aiming to engage with India's expanding wealth management industry, AMC stocks present attractive medium- to long-term opportunities, while also considering potential market and regulatory risks,' Vipul Bhowar, Senior Director - Listed Investments, Waterfield Advisors, told ET valuations have climbed quickly following recent market rallies, creating a sense of cautious optimism, he said all top AMCs are viewed as favourable options due to their strong growth potential.'However, it's worth noting that current valuation multiples seem a bit higher than usual, so it's wise to choose the right moment to enter these businesses carefully,' he domestic brokerage firm Nuvama, top picks in the sector are HDFC AMC (Target price: Rs 6,530), Nippon India AMC (Rs 1,010) and KFinTech (Target price: Rs 1,540). 'We reckon AMCs and RTAs shall report a recovery in QoQ earnings growth driven by steady inflows led by SIPs and stable equity markets,' the brokerage said in a Oswal has a buy call on Nippon with a target price of Rs 930, premised on 34x FY27E earnings.'Nippon commands the industry's largest retail investor base, with 21.2 million unique investors (representing over one in three mutual fund investors) as of Jun'25. Overall, NAM's mutual fund segment performance reflects its focused strategy on scaling retail participation, driving product innovation, and enhancing operational intensity, positioning it as a credible compounding franchise in the Indian asset management industry,' it Luthra of InCred Equities expects the inflow momentum to pick up pace further in the near term and sustain the healthy level in the medium term led by higher participation from the retail segment, higher understanding of market volatility and rising investment discipline, along with incrementally higher inflow from B-30 cities.'We remain optimistic over the mid- to long-term horizon amid improving geographic penetration as well as the rising popularity of mutual fund schemes, mainly among the young and mid-income investors,' she top pick is Nippon (Rs 920 target price) for its consistent performance-led market share gains.'We appreciate the yield protection by HDFC AMC (HOLD, TP Rs5,600), although the recent run-up in the stock price makes the risk-reward ratio unfavourable. We maintain ADD rating on ABSL AMC (TP Rs1,000) for the slowdown in market share loss and its turnaround story. The undercurrent of the likely acquisition of UTI AMC (ADD, TP Rs1,600) makes the stock attractive,' it said.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
4 days ago
- Time of India
Treasury bills vs fixed deposits: T-bills via SIP gain traction, but FDs still top for one-year returns
The Reserve Bank of India (RBI) has allowed individuals to invest in Treasury bills (T-bills) through the systematic investment plan (SIP) route on its retail direct platform, aiming to boost retail participation in the bond market. An ET analysis shows that while bank fixed deposits (FDs) offer at least 68 basis points (bps) higher returns in the one-year segment, T-bills outperform in shorter tenures — providing about 55 bps more than FDs in 91-day and 182-day maturities. The central bank had earlier opened trading in government securities to retail investors. The latest decision to permit SIP-based investment in T-bills allows participation with a minimum investment of Rs 10,000, along with options for auto-bidding and reinvestment on the platform. Auto-bidding enables investors to automate their participation in the weekly T-bill auctions held every Wednesday. The system places bids at the cut-off rate on behalf of investors for the chosen amount. The reinvestment option allows proceeds from maturing T-bills to be automatically deployed in fresh issuances. Launched in November 2021, the RBI's retail direct platform was designed to make government securities more accessible to individual investors. Registrations on the platform have doubled in the past two years to nearly half a million, though experts note that overall participation levels remain modest. The analysis suggests that for investors seeking short-term exposure, T-bills via SIP can offer a competitive edge over similar-tenure FDs, while one-year deposits continue to lead on returns. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
